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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: House sales, fuel prices, The Telegraph

(Sharecast News) - House sales are expected to accelerate over the next four months as buyers seek to benefit from tax breaks that are due to run out in April 2025, according to the online property website Zoopla. The number of home sales increased across the UK this year, pushing up prices by 1.5% in the year to October. Next year prices are expected to rise by 2.5% and transactions will jump by 5%, the website said. - Guardian UK motorists are paying more than they should for petrol and diesel even as global energy market prices have fallen in recent months, the competition watchdog has warned. The Competition and Markets Authority (CMA) repeated its call for the new government to take action "as soon as possible" to end the "persistent" overcharging, six months after it found that motorists paid £1.6bn more than they should have last year alone. - Guardian

The UK's gambling regulator is preparing to settle a £200m claim for damages brought by media baron Richard Desmond over the running of the National Lottery. The Telegraph understands that the Gambling Commission has requested a so-called mediation meeting with Mr Desmond's business, Northern and Shell, at which it will propose settling the legal claim out of court. The showdown is expected to take place in the coming weeks. - Telegraph

The sale of The Telegraph has been thrown into limbo after the leading bidder was handed an effective open-ended extension to takeover talks. Dovid Efune, the little-known publisher behind The New York Sun, is in exclusive discussions to buy The Telegraph from Abu Dhabi fund RedBird IMI in a deal expected to be worth £550m. - Telegraph

George Osborne has boosted the personal fortune he has made since leaving politics after he was one of a trio of investment bankers that shared in a £30 million pot following record profits at the City firm where he works. Accounts for Robey Warshaw, the influential advisory business the former chancellor joined in 2021, show the Mayfair-based firm enjoyed profits of £70 million in the 12 months to the end of March, up sharply from £31.8 million a year earlier. - The Times

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Thursday newspaper round-up: Höfner, Sotheby's, Christie's
(Sharecast News) - Ministers and senior MPs have warned that the UK's agreements with Donald Trump are "built on sand" after the Guardian established that the deal to avoid drug tariffs has no underlying text beyond limited headline terms. The "milestone" US-UK deal announced this month on pharmaceuticals, which will mean the NHS pays more for medicines in exchange for a promise of zero tariffs on the industry, still lacks a legal footing beyond top lines contained in two government press releases. - Guardian
Wednesday newspaper round-up: Grangemouth ethylene plant, Warner Bros, ChatGPT
(Sharecast News) - Jim Ratcliffe's chemicals company Ineos has been granted £120m of government funding to help save the UK's last ethylene plant at Grangemouth, in a deal expected to protect more than 500 jobs. The investment in the Scottish plant was necessary to preserve a vital part of the country's chemicals infrastructure, the UK government said. The ethylene produced there was essential for medical-grade plastics production, water treatment and in aerospace and car-building, it added. - Guardian
Tuesday newspaper round-up: Nissan, Morrisons, Ford
(Sharecast News) - Nissan has started the production of its latest electric car in Sunderland, a crucial step in the UK automotive industry's transition away from petrol and diesel. The Japanese manufacturer will launch the third generation of the Leaf on Tuesday, which was the first mass-market battery electric car to be built in the UK. Nissan has made 282,704 Leaf models at the north-east England plant so far. - Guardian
Monday newspaper round-up: Cryptocurrencies, jobs downturn, Cycle Pharma
(Sharecast News) - Cryptocurrencies will be regulated in a similar way to other financial products under legislation coming into force in 2027. The Treasury is drawing up rules that will require crypto companies to meet a set of standards overseen by the Financial Conduct Authority (FCA). Ministers have sought to overhaul the crypto market, which has ballooned in popularity as a way of investing money and making payments. Cryptocurrencies have not been subject to the same regulation as traditional financial products such as stocks and shares, which means that in many cases consumers do not enjoy the same level of protection. - 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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