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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Monday newspaper round-up: Inflation, energy help, landlords, Hipgnosis

(Sharecast News) - Headline inflation eased again in September, official figures are expected to show this week, while pay growth is slowing. Economists polled by Refinitiv expect the Office for National Statistics (ONS) to say annual inflation fell slightly to 6.5% in September from 6.7% in August. However, that is still well above the Bank of England's 2% target. - Guardian Hundreds of thousands of struggling households in Great Britain risk missing out on government help to pay their energy bills this winter if they fail to make an application for financial support that opens on Monday, according to fuel poverty activists. About 800,000 bill payers missed out on an energy bill rebate of £150 last winter through the government's warm home discount after complex changes were made to the scheme, said National Energy Action. - Guardian

Landlords are paying an extra £5.5bn a year to their banks following a surge in mortgage rates, data shows. Buy-to-let investors are now collectively paying £15bn a year in mortgage interest, a 58pc jump since November 2021 when the Bank of England began raising interest rates, analysis by Hamptons shows. - Telegraph

A former owner of Safe Hands Plans is being sued by the company's administrators for allegedly selling the pre-paid funerals business in a deal involving customer funds. Dave Milson sold Safe Hands to Richard Wells, a motor racing enthusiast, in February 2020 through an "inherently dishonest" scheme, according to a multimillion pound High Court claim filed last month by FRP Advisory, the administrator The deal involved the "misapplication of trust moneys for the improper purpose of financing the acquisition", it is alleged. Milson, 66, has yet to file a defence and neither he nor Wells, 37, responded to requests for comment. - The Times

A top ten shareholder in Hipgnosis Songs Fund has castigated the board and said investors should vote against the "continuation" of the music rights company to give them more power over restructuring the business. Tom Treanor, the executive director of Asset Value Investors, said shareholders were furious with the Hipgnosis board for striking a heavily discounted $440 million deal to sell almost a fifth of its portfolio. - The Times

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Wednesday newspaper round-up: Amazon, dividends, Weardale Lithium
(Sharecast News) - Amazon profits soared once again in the first quarter of 2024, the company announced on Tuesday - the latest in a series of robust earnings reports for the retail giant. The company attributed the boost to artificial intelligence and advertising sales. Amazon reported overall revenue of $143.3bn in the first three months of the year - up 13% from the same period in 2023 and surpassing Wall Street expectations of $142.65bn. The e-commerce giant reported an increase of more than 200% to $15bn, with net income more than tripling to $10.4bn from $3.17bn at the same time in 2023. - Guardian
Tuesday newspaper round-up: Meta, ExxonMobil, Very Group
(Sharecast News) - The Federal Communications Commission on Monday fined the largest US wireless carriers nearly $200m for illegally sharing access to customers' location information. The FCC is finalizing fines first proposed in February 2020, including $80m for T-Mobile; $12m for Sprint, which T-Mobile has since acquired; $57m for AT&T, and nearly $47m for Verizon. - Guardian
Monday newspaper round-up: Thames Water, Brexit, Babylon
(Sharecast News) - Senior Whitehall officials fear Thames Water's financial collapse could trigger a rise in government borrowing costs not seen since the chaos of the Liz Truss mini-budget, the Guardian can reveal. Such is their concern about the impact on wider borrowing costs for the UK, even beyond utilities and infrastructure, that they believe Thames should be renationalised before the general election. Officials in the Treasury and the UK's Debt Management Office fear that, unless the UK's biggest water company is renationalised as soon as possible, "prolonged uncertainty" about its fate could "damage confidence in UK plc at a sensitive time", with elections in the UK and the US later this year. - Guardian
Sunday share tips: Centrica, Lancashire Holdings
(Sharecast News) - The Sunday Times's Lucy Tobin told her readers to book their profits in Centrica and 'sell'.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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