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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: Speciality Steel UK, Canada tariffs, X and Meta

Fri 11 Jul 2025 07:22

(Sharecast News) - Ministers are considering options to step in to save another major steel plant if its parent company collapses into administration after a key court case next week. The business secretary, Jonathan Reynolds, is understood to be looking at what the government can do to support Speciality Steel UK (SSUK) - part of the Liberty Steel Group owned by Sanjeev Gupta - should it be faced with possible closure after Wednesday's insolvency hearing. - Guardian Bad management of private finance contracts is leading to poor quality assets being handed back to the government, including schools and hospitals, according to parliament's spending watchdog. Its report into the use of private finance initiatives (PFI) for infrastructure comes at a time when the government has identified private investment in projects such as power plants and transport outside London as a key part of its growth agenda. - Guardian

The US will impose a new tariff of 35 per cent on Canadian goods, Donald Trump has said. In a letter released on his social media platform, Mr Trump told Canada's prime minister the new rate would go into effect on August 1 and would go up if Canada retaliated. - Telegraph

Elon Musk's X and Mark Zuckerberg's Meta may have profited from spreading misinformation during last year's Southport riots, MPs have said. A report from the Commons Science and Technology committee, covering last year's unrest, found that the business models of social media companies "incentivise the spread of content that is damaging and dangerous". - Telegraph

Meta has agreed a compensation package of more than $200 million to poach a former Apple engineer for its "superintelligence" team, according to a media report. The owner of Facebook and WhatsApp has been luring top artificial intelligence talent from rival companies with huge salaries as it attempts to get ahead in the AI race. - The Times

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Wed 15 Jul 2026 07:23
Wednesday newspaper round-up: Heating oil customers, benefit claimants, SoftBank chief
(Sharecast News) - Heating oil customers whose deliveries were cancelled when the war in the Middle East caused a price surge are to receive compensation of up to £350 each following an investigation by the UK competition watchdog. As the crisis unfolded, the Competition and Markets Authority (CMA) said it was investigating heating oil suppliers after complaints that existing orders were being scrapped, with customers offered new deliveries at a significantly higher price. - Guardian
Tue 14 Jul 2026 07:13
Tuesday newspaper round-up: North Sea oil, Anthropic, EV owners
(Sharecast News) - The US government has already paid back tens of billions of dollars in tariffs it collected before the supreme court ruled them illegal, according to budget figures released on Monday. Tariffs - taxes on imported goods - have been a key part of president Donald Trump's game economic plan since he took office again last year. But in February, the supreme court shut down a big chunk of the extra tariffs Trump ordered, forcing the government to return money to the companies that had paid them. - Guardian
Mon 13 Jul 2026 07:13
Monday newspaper round-up: Pub sector, Eurostar, war bonds
(Sharecast News) - The beleaguered pub sector is getting a boost from England's World Cup run, with some landlords reporting roaring sales as anticipation builds for a bumper night on Wednesday for the semi-final clash with Argentina. Lisa Mayall, the manager of the British Oak in Kingswinford near Dudley in the West Midlands, was jubilant after England's 2-1 win against Norway on Saturday night and brisk takings at the pub's till. She expects hundreds more customers for the team's next game at 8pm BST. - Guardian
Fri 10 Jul 2026 07:16
Friday newspaper round-up: Nigel Farage, diesel prices, Kraken Technology
(Sharecast News) - Chancellor Rachel Reeves is to announce a new City "skills compact" that will commit firms such as Barclays and Lloyds to retraining thousands of financial sector workers for the AI revolution. The financial services skills compact will be launched on Tuesday, during what is likely to be Reeves's final Mansion House speech to City bosses before Andy Burnham's expected takeover of No 10. The government-backed initiative will commit employers to improving workers' skills and helping them "keep pace" with significant technological changes that have prompted fears of mass redundancies. - Guardian

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