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.

Tuesday newspaper round-up: Wind and solar farms, Amazon, energy debt

(Sharecast News) - The government has confirmed plans to move older wind and solar farms which make up almost a third of Great Britain's power market on to fixed-price contracts to help protect households and businesses from future gas market shocks. Under the plans, first revealed by the Guardian, renewable energy projects that earn subsidies on top of the market price will be asked to sign up to contracts that pay a set price for electricity as part of the government's plan to "delink the price of electricity from the price of gas". - Guardian Emails released on Monday by California's attorney general show Amazon allegedly colluding with other companies to raise the prices of pet treats, khaki pants, eyedrops and other products sold online. According to a newly unsealed court filing released by attorney general Rob Bonta, Amazon employees have repeatedly worked with vendors using its platform to push retail vendors including Walmart and Chewyto set higher prices collectively. - Guardian

Poor households are in line to have their debts to energy suppliers paid down by taxpayers under plans being considered by Ed Miliband. The Energy Secretary is in talks to soften the blow of the Iran conflict on family fuel bills with public funds, industry sources said. The move is one option on the table as the Government grapples with ways to provide targeted support and avoid the costly blanket subsidies deployed in the Ukraine crisis. - Telegraph

The UK's fraud office is being sued for more than $167m (£125m) by a Kazakh mining company over a botched investigation that triggered years of legal wrangling. Eurasian Natural Resources Corporation (ENRC) opened a case in the High Court on Monday demanding compensation from the Serious Fraud Office (SFO) for the "unnecessary" costs it faced from a decade-long inquiry. - Telegraph

Savers want the £402 billion Local Government Pension Scheme to prioritise seeking the best returns over backing UK assets, according to a poll. Almost twice as many people favoured maximising the performance of pensions in the LGPS, one of the UK's largest pension schemes, over "mandated" domestic investments, the survey of 2,011 adults found. - The Times

The founder of Wise is among those backing a British producer of synthetic natural gas, which has raised £25 million as it gears up to build the largest plant of its kind in Europe. Rivan already operates the UK's largest synthetic natural gas plant in the UK and is looking to scale up by opening a new manufacturing facility in south London, as well as accelerating its research and development to help bring down the cost in relation to fossil fuels. - The Times

Share this article

Related Sharecast Articles

Wednesday newspaper round-up: SpaceX, airlines, PM Law, Kevin Warsh
(Sharecast News) - The UK could face "hacktivist attacks at scale" if it becomes embroiled in a conflict and the impact could be similar to recent high-profile ransomware incidents, according to the head of the country's online security agency. Richard Horne, chief executive of the National Cyber Security Centre (NCSC), will warn today that nation states now account for the most significant incidents the NCSC deals with. - Guardian
Monday newspaper round-up: Job losses, net zero, Blue Origin
(Sharecast News) - A quarter of a million people could lose their jobs by the middle of next year as Britain "flirts with recession", analysis suggests, after business confidence was shattered by the US-Israel war on Iran. As the chancellor, Rachel Reeves, summoned bank chiefs for talks aimed at containing the fallout, twin reports from top accounting firms underlined the scale of the economic threat facing the UK. - Guardian
Friday newspaper round-up: Defence spending, Metro Bank, Aston Martin
(Sharecast News) - Rachel Reeves has warned "difficult choices" are required to increase defence spending and other budgets may have to be cut, including welfare. Under pressure for a faster rise in the military budget amid the Iran conflict and Russia's war in Ukraine, the chancellor said she was "working through a range of options" but preferred not to increase taxes or add to government borrowing. - Guardian

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.