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.

Wednesday newspaper round-up: Twitter, airport chaos, Imperial Brands, Glencore

(Sharecast News) - A Twitter shareholder is suing Elon Musk for failing to disclose that he had bought a substantial stake in the company, affecting share prices. The Tesla CEO revealed on 4 April that he had acquired a 9.2% stake in Twitter. Shares in the social media company soared, as investors viewed the move as a vote of confidence from the richest man in the world. - Guardian More than one in eight privately rented homes in England pose a serious threat to people's health and safety, costing the NHS about £340m a year, according to a report from a committee of MPs. It also uncovered evidence of unlawful discrimination, with an estimated one in four landlords unwilling to let to non-British passport holders. - Guardian

Priti Patel was warned a month ago about a looming wave of travel chaos after passport control staff were sent to deal with the Dover migrant crisis instead. Airline chiefs told the Home Secretary in March that a lack of Border Force workers could spark massive passenger queues at terminals across Britain. - Telegraph

US regulators have banned Imperial Brands' myblu vaping device after a review found there was a lack of evidence they would protect public health, in a blow for the tobacco industry's transition from cigarettes. The Food and Drug Administration has issued marketing denial orders for several myblu electronic nicotine delivery products. After considering their design and manufacturing it concluded the applications "did not demonstrate that the potential benefit to smokers who switch completely or significantly reduce their cigarette use would outweigh the risk to youth". - The Times

Glencore funded two Russian refinery businesses whose owners are close associates of President Putin, documents show. The FTSE 100 commodities giant has sought to play down its links to Russia since the invasion of Ukraine, saying that its trading exposure to Russia is "not material". But newly uncovered documents show that in recent years it has had more extensive dealings benefiting senior figures close to the regime than previously reported. - The Times

Share this article

Related Sharecast Articles

Sunday newspaper round-up: Hargreaves Lansdown, Crest Nicholson, Michael Kors
(Sharecast News) - Hargreaves Lansdown's three private equity suitors have until Wednesday to either table a formal bid for the investment platform or walk away. A £4.7bn offer presented in April was rejected. In particular, the bidders have been attracted by the firm's ability to deposit client cash at the Bank of England for a rate of 5.25%, whilst paying just 3% on a cash Isa of up to £10,000. That netted its £269m last year at no risk. - The Financial Mail on Sunday
Sunday share tips: Oxford Instruments
(Sharecast News) - The Financial Mail on Sunday's Midas column labelled shares of Oxford Instruments a "long-term buy".
Friday newspaper round-up: Insecure work, Stellantis, Nationwide
(Sharecast News) - The UK has seen an "explosion" in insecure, low-paid work in the past 14 years, according to a new report. The TUC said its study had found that the number of people in insecure work had reached a record high of 4.1 million. The analysis of official statistics shows the number of people in "precarious" employment - such as zero-hours contracts, low-paid self-employment and casual or seasonal work - increased by nearly 1 million between 2011 and 2023. - Guardian
Thursday newspaper round-up: Revolut, BT Group, housing market
(Sharecast News) - Pensioners and people on disability benefits are the winners from radical changes to the welfare system made by the Tories over the last decade, while working-age families are losing out by thousands of pounds every year, according to a report by the Resolution Foundation. The Conservatives' 14-year overhaul of social security has shifted spending away from children and housing to supporting elderly people, and broken the link between entitlement and need for some of the poorest households in the country, the report says. - 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.