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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: Twitter, energy price cap, mortgage rates

(Sharecast News) - Elon Musk may get access to Twitter data used in a 2021 audit of active users but other information the billionaire seeks in a bid to end his $44bn deal to buy the company were rejected as "absurdly broad", a judge said on Thursday. Twitter must turn over data from the 9,000 accounts sampled in the fourth quarter as part of its process to estimate the number of spam accounts. - Guardian British households were on average £160 worse off in July than a year earlier, according to research by the supermarket Asda, as it said it would do more to help shoppers being squeezed by soaring food and energy costs. Asda bosses said they would keep "grocery bills in check" and do all they could to support customers "during these tough times", as they monitor how much money consumers have to spend through their income tracker. - Guardian

The new Prime Minister is set to announce help for households with their energy bills within days of taking office, the public will be assured on Friday, as the price cap almost doubles to more than £3,500. Nadhim Zahawi, the Chancellor, is expected to say that measures will be announced "as soon as possible" after the winner of the Tory leadership contest is announced on September 5. - Telegraph

Marks & Spencer has been dragged back into a row over its decision to allow shoppers to choose whether to use the men's or women's changing rooms. Critics have warned the policy could be exploited and accused the retailer of introducing unisex changing rooms by "stealth". - Telegraph

The doubling of mortgage rates means that first-time buyers need an extra £12,250 to buy a home compared with last year. Sharply rising borrowing costs have sent short-term mortgage rates above 4 per cent for the first time in nearly a decade, hitting first-time buyers and those on lower incomes the hardest, according to Zoopla, the property website. - The Times

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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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