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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.

Wednesday newspaper round-up: Manchester City, Selfridges, 'British Isa'

Wed 15 Nov 2023 07:11

(Sharecast News) - Manchester City have announced record-breaking revenue for the 2022-23 financial year. The club confirmed income of £712.8m, outstripping the Premier League record £648.4m reported by Manchester United last month. City's figure is up from £613m and the club almost doubled its profit to £80.4m, from £41.7m, despite a large increase in wages. The 2022-23 season was highly successful for City, who won a Premier League, Champions League and FA Cup treble, boosting finances through commercial and broadcast revenue. - Guardian The UK's business and trade secretary has signed a deal to increase trade with Florida, the British government's latest pact with a single American state as it awaits a broader, post-Brexit US free trade agreement. The memorandum of understanding, signed on Tuesday by Kemi Badenoch and the Florida governor, Ron DeSantis, is the seventh deal between the UK and individual US states. - Guardian

A Thai retailer has seized control of Selfridges after a key shareholder in the luxury department store was hit by a cash crunch. Central Group said it has become Selfridges' largest shareholder after converting a €364m (£317m) loan provided to the department store into equity. - Telegraph

Over-65s refusing to downsize are stopping young families getting on the property ladder, says Zoopla. Older homeowners who are staying in homes that are larger than they need are driving a national shortage of three-bedroom homes, according to the property website. - Telegraph

Jeremy Hunt should create a "British Isa" in next week's autumn statement to end a "downward spiral of investment and lower valuations" on London's markets, business leaders have said. In a letter to The Times, a group of investors, brokers, City grandees and chief executives call on the chancellor to launch a dedicated incentive for backers of UK-listed companies that would put the £70 billion invested each year into the tax-efficient savings accounts "to work on behalf of the UK". - The Times

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Related Sharecast Articles

Thu 28 May 2026 07:13
Thursday newspaper round-up: Food crisis, Universal Music, Samsung
(Sharecast News) - Britain is "sleepwalking into a food crisis" caused by extreme weather, inflation and the impacts of the Iran war - and the government is failing to take the threat seriously, food experts have said. Farmers are facing severe strain from the current heatwave following a dry spring, with many crops likely to yield less as temperatures rise beyond their tolerance. Livestock are also suffering heat stress and there is a rising risk of wildfires. Economic losses are likely to be measured in the hundreds of millions of pounds. - Guardian
Wed 27 May 2026 07:16
Wednesday newspaper round-up: Energy price cap, Post Office Horizon, Radley
(Sharecast News) - Households will face the steepest summer rise in energy charges in four years after months of soaring market prices caused the government's energy price cap for Great Britain to climb by 13%. Under the cap the average gas and electricity bill will increase to the equivalent of £1,862 a year from July until the end of September to take account of the rise in global energy market prices caused by the war on Iran. - Guardian
Tue 26 May 2026 07:18
Tuesday newspaper round-up: Meta, British businesses, Eurowag
(Sharecast News) - Rachel Reeves has instructed cabinet colleagues to award government contracts in four critical industries directly to British companies, making clear her irritation that ministers have been sending too much government business abroad. In a letter seen by the Guardian, the chancellor tells every cabinet minister in charge of a spending department to "buy British" wherever possible, adding that she is disappointed they are not already doing so. - Guardian
Fri 22 May 2026 07:14
Friday newspaper round-up: Cancelled govt projects, oil and gas tax raid, recession risk
(Sharecast News) - Cancelled government projects such as the Rwanda deportation scheme and the road tunnel under Stonehenge are wasting billions of pounds of taxpayer money a year, parliament's spending watchdog has found. About £6.6bn was written off by government departments last year alone - state spending that did not achieve its intended objectives or create any value for the taxpayer, the public accounts committee said. - 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.

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