Skip Header
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: Telecoms, TikTok, loo rolls

(Sharecast News) - The UK advertising watchdog has launched an investigation into whether telecoms companies are misleading consumers about inflation-busting bill increases when promoting deals in their marketing campaigns. Telecoms companies make billions of pounds annually by instituting price rises to mobile and broadband bills midway through contract periods - increases that will add to the biggest squeeze on the cost of living facing households in generations. - Guardian Big oil and gas companies are spending tens of millions publicising their environmental work, while only about a 10th of their investment goes into low-carbon development, a report claims. A comprehensive study of public communications from five oil and gas firms by InfluenceMap, a climate finance thinktank, found that 60% of the publicity made at least one claim highlighting the companies' positive climate actions. But on average, the five companies devoted only 12% of capital expenditure to low-carbon activities - and this included some gas projects. - Guardian

TikTok is a "tool of espionage" for the Chinese communist party that should be outlawed by the West, the chief executive of German publishing giant Axel Springer has claimed. Mathias Dopfner says his business has resisted working with TikTok because he fears sensitive personal data will be shared with the government in Beijing. - Telegraph

The price of lavatory paper has jumped 15pc in a year despite rolls being shortened by up to 8pc, making for some of the sharpest inflation in a weekly shop. The figure is an average of increases across supermarkets revealed by analysis for The Telegraph by Trolley.co.uk, a shopping comparison website. The figures are based on a survey of different brands and package sizes. - Telegraph

If you want to travel by train from London to Manchester in the next few weeks - good luck. A visit to the website of Avanti West Coast, the train company that runs intercity express services from Euston to Birmingham, Manchester and Glasgow, does not inspire confidence. It has cut the number of trains to the main destinations on the line from three an hour to one and warns that services are still subject to last-minute cancellation. Ticket sales from next Wednesday to Sunday have been suspended entirely because of looming industrial action. - The Times

Share this article

Related Sharecast Articles

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.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.