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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.

Thursday newspaper round-up: EU car industry, Getty Images-Shutterstock, United Utilities

Thu 02 Jul 2026 07:10

(Sharecast News) - The EU's car industry has called for the UK to be fully included in new "made in Europe" rules that threaten to shut out British manufacturers from their biggest export market. The European Automobile Manufacturers Association (Acea) on Wednesday urged Brussels to give the UK, Turkey and Morocco "justified, targeted exemptions" to the rules, which will require cars and parts to be made within the EU to qualify for subsidies or public procurement. - Guardian A billionaire hedge fund tycoon has warned that the UK is "no longer a serious contender" as a place to do business after losing a £200m tax battle. Michael Platt's BlueCrest Capital Management said Britain's status as a financial centre was under threat after the Supreme Court sided with HMRC in a long-running tax battle. The ruling leaves BlueCrest liable for £143m in income tax payments and more than £55m in National Insurance contributions. - Telegraph

Andy Burnham could unlock a £7bn investment boom by reopening the North Sea to new drilling, new analysis shows. Wood Mackenzie, an energy consultancy, said a "more supportive" political and regulatory regime under the presumptive next prime minister would attract billions in new investment and unlock hundreds of millions of barrels of oil. - Telegraph

A $3.7 billion deal by Getty Images for Shutterstock has been called off after the UK competition regulator made its approval conditional on the sale of part of the business. The major image-licensing companies had initially agreed to merge in January 2025 to combine forces against the rise of generative AI. - The Times

One of Britain's biggest water companies has come under fire from a leading shareholder advisory group over its plan to hand its boss a £435,000 annual allowance to counter the industry regulator's powers to clamp down on bonuses. United Utilities is asking its stock market investors to approve a new executive pay policy at a binding vote at its annual general meeting on July 17 but Institutional Shareholder Services (ISS) has told its clients to reject the proposals over concerns about the allowance, which would be paid to the chief executive, Louise Beardmore, in shares. - The Times

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Wed 01 Jul 2026 07:17
Wednesday newspaper round-up: Fuel poverty, Asda, BoE
(Sharecast News) - Millions of households in Great Britain will be pushed into fuel poverty after months of volatility on the global gas markets as energy bills rise by more than £220 a year under the government's price cap from Wednesday. As the cap on gas and electricity rates rises to the equivalent of £1,862 a year, the number of households forced to spend more than 10% of their income on energy bills will increase to 13.5m from almost 11.3m in April, according to fuel poverty campaigners. - Guardian
Tue 30 Jun 2026 07:18
Tuesday newspaper round-up: Brompton, TG Jones, housebuilders
(Sharecast News) - The French sports gear retailer Decathlon and a Chinese investment group that was an early backer of Labubu soft toys have bought stakes in the British folding bike maker Brompton, as its boss said the cycling market was recovering from a slump in sales. Decathlon has acquired a 10% stake in the manufacturer while BA Capital has bought 5% in a deal understood to collectively be worth about £18m. - Guardian
Mon 29 Jun 2026 07:00
Monday newspaper round-up: Chipmakers, HS2, Revolut
(Sharecast News) - Shares in chipmakers have surged in the first half of this year as investors piled into companies that make the hardware underpinning the AI boom, according to analysis. Investors have driven up the value of semiconductor and memory chip manufacturers, whose profits have soared during 2026, at the expense of some large software companies, which have fallen out of favour this year. - Guardian

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