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Friday newspaper round-up: Energy bills, ticket touting, BlackRock

(Sharecast News) - The number of people in England and Wales who sought help with energy bills jumped by 20% last year, according to Citizens Advice, which assisted 60,000 households struggling with the soaring cost of gas and electricity. That number was double the figure for 2020, the national consumer advice charity said, with problems with billing being the single most common type of issue raised with its service providers. - Guardian The price at which tickets for live events can be resold is to be capped under "gamechanging" proposals put forward by the government to crack down on touting in the sector. In a move hailed by music industry figures, the culture minister, Lisa Nandy, has launched a consultation that she said would end the "misery" of fans being exploited by touts, some of whom have made huge profits by selling hundreds of tickets a year. - Guardian

More than 100 earthquakes that damaged households across Surrey were likely caused by fracking, according to a landmark study by the University College London (UCL). As part of their findings, researchers suggested that oil extraction from a Surrey well led to powerful tremors across various villages in 2018-19, including Newdigate and Charlwood - which lie just four miles from Gatwick Airport. - Telegraph

BlackRock, the world's biggest asset manager, is abandoning an influential net-zero alliance after coming under pressure from Republican politicians over its support for "woke" climate policies. The New York-headquartered firm, which manages $11.5 trillion of assets, said it would leave the Net Zero Asset Managers initiative. Members of the group pledge to support the goal of net-zero greenhouse gas emissions by 2050, including by using their votes on behalf of shareholders at corporate meetings. - The Times

The increase in employers' national insurance contributions will result in an overall slowing of wage growth in the long run, a deputy governor of the Bank of England has said. Sarah Breeden, who is in charge of financial stability at the Bank, said she no longer feared a resurgence in consumer price inflation this year as the economy has slowed, the labour market has cooled and government tax changes to NICs could push down on earnings growth. - The Times

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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
Monday newspaper round-up: Neso, local authorities, Anglo American
(Sharecast News) - Britain's energy system operator is pulling the plug on hundreds of electricity generation projects to clear a huge backlog that is stopping "shovel-ready" schemes from connecting to the power grid. Developers will be told on Monday whether their plans will be dismissed by the National Energy System Operator (Neso) - or whether they will be prioritised to connect by either the end of the decade or 2035. - 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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