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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.

Tuesday newspaper round-up: Oasis fans, house prices, Future

(Sharecast News) - The $1m-a-day voter sweepstakes that Elon Musk's political action committee is hosting in swing states can continue through Tuesday's presidential election, a Pennsylvania judge ruled on Monday. The common pleas court judge Angelo Foglietta - ruling after Musk's lawyers said the winners are not chosen by chance - did not immediately give a reason for the ruling. - Guardian Oasis fans who have fallen victim to ticket scammers have lost £346 each on average, according to a high street bank's analysis of its own data. Lloyds Bank said fans desperate to buy tickets to the Manchester band's UK reunion shows next year had been hit by a "landslide" of scams, with more than 90% of cases starting with fake adverts and posts on social media. It said an analysis of scam reports made by customers of Lloyds Banking Group - including those with Lloyds, Halifax and Bank of Scotland, and where Oasis was referenced as part of the claim - showed "hundreds" of people said they had been defrauded. - Guardian

House prices in Britain are set to grow almost twice as fast as inflation in the next five years and outpace wages, forecasts suggest, in a blow to Sir Keir Starmer's ambitions to boost the number of affordable homes. House prices are expected to surge by 20pc between now and 2029, according to the latest residential forecast from property firm JLL. That uptick would outpace a 11.6pc rise in consumer price inflation predicted for the same five-year period by the Office for Budget Responsibility (OBR), and a 14pc increase in wages predicted by Oxford Economics. - Telegraph

Investors ditched nearly £1 billion from funds focused on UK stocks last month as they tried to book profits before Rachel Reeves increased capital gains tax in the budget. Researchers at Calastone, the largest global funds network, found that stock sell orders rose by 36 per cent in the month to October 29 to a record £17 billion, suggesting that investors tried to crystallise profits to avoid paying more tax on them. - The Times

The veteran entrepreneur Sir Peter Wood, one of the largest shareholders in Future, is seeking to oust the chairman of the £1 billion publisher behind Marie Claire after the abrupt resignation of its chief executive. Shares in Future tumbled by almost a fifth last month when the FTSE 250 company unsettled investors by announcing that Jon Steinberg, 47, was stepping down as chief executive to return to the US only 18 months after taking on the role. - The Times

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Friday newspaper round-up: OBR, franchise agreements, GoCardless
(Sharecast News) - MPs have launched an inquiry into the role and performance of the Office for Budget Responsibility. The all-party Commons Treasury committee will spend until the end of next month investigating the independent agency's forecasting performance and impartiality. The panel will consider whether reforms are needed 15 years after the OBR was set up by George Osborne when he was Tory chancellor. - Guardian
Thursday newspaper round-up: Youth employment, SpaceX, EY
(Sharecast News) - Britain is slipping down the global league table for youth employment amid a dramatic rise in worklessness that is putting a generation's future at risk, research has warned. Sounding the alarm over a worsening youth jobs crisis, the report from the accountancy firm PwC said Britain's economy was missing out on £26bn a year because of sharp regional divisions in youth joblessness. - Guardian
Wednesday newspaper round-up: UK borrowing costs, Channel 4, Anduril
(Sharecast News) - The "premium" that the UK pays to borrow money compared with its international peers may be coming to an end as markets grow more confident about the government's plans, a thinktank has suggested. The Institute for Public Policy Research (IPPR) said that the chancellor Rachel Reeves's announcement in the autumn budget that she would be more than doubling the UK's financial headroom by 2030 from £9.9bn to £22bn had begun to assure bond markets about Labour's fiscal approach. - Guardian
Tuesday newspaper round-up: household spending, British Library, Jamie Dimon, WPP
(Sharecast News) - UK households cut back on spending at the fastest pace in almost five years last month as consumers put Christmas shopping on hold, according to a leading survey. Adding to concerns that uncertainty surrounding the budget has helped dampen consumer confidence, Barclays said card spending fell 1.1% year on year in November - the largest fall since February 2021. The bank said retailers still enjoyed their busiest day of the year so far on Black Friday, with transaction volumes 62.5% higher than the average day for 2025. - Guardian

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