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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.

Friday newspaper round-up: Fuel prices, Microsoft, Aviva

(Sharecast News) - Pressure is mounting on petrol station owners to slash fuel prices after accusations of not passing on falling wholesale costs to drivers. The average price of petrol in the UK fell by 8p a litre in December to 151p and diesel by 9p to 174p, according to the RAC. But the motoring group accused retailers, including the largest supermarkets, of not cutting prices quickly or significantly enough compared with the falls in wholesale costs. - Guardian Microsoft is reportedly in the works to launch a version of its search engine Bing using the artificial intelligence behind ChatGPT, launched by OpenAI. The Information reported the news on Tuesday, citing two people with direct knowledge of the plans. - Guardian

Margaret Thatcher's efforts to turn Britain into a "property-owning democracy" appear to have been reversed after the census revealed that home ownership had plummeted to its lowest level since 1983. The proportion of homes owned in England fell from 64.1pc to 62.3pc between 2011 and 2021, data shows. This is the lowest level since 40 years ago, when the figure was 61.4pc. - Telegraph

Ireland plans to sue the EU for "overreach", as a row between Dublin and Brussels over how to regulate Big Tech escalates. Ireland's Data Protection Commission (DPC) has announced plans to take the European Data Protection Supervision Board (EDPB) to the EU Court of Justice, accusing the Brussels-based body of overstepping its authority. - Telegraph

Manchester's grade II-listed Corn Exchange has been sold to a wealthy Middle Eastern businessman for about £40 million. It had been owned since 2005 by Aviva who paid about £67 million. The insurer also spent £30 million clearing out the old retail units and converting the interior to a hotel, bar and restaurants, including Pizza Express and Zizzi's. - 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

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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