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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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Thursday newspaper round-up: ONS, Saba Capital, Telegraph
(Sharecast News) - The government's statistics agency is spending £8m to hire an army of low-paid temporary workers amid efforts to fix its "virtually unusable" data on unemployment and wages in Britain. Under pressure over the quality of its data, the Office for National Statistics last month agreed the multimillion-pound deal with the employment agency Randstad to recruit interviewers to help increase the reliability of its labour force survey (LFS). - Guardian
Wednesday newspaper round-up: HMRC, CMA, Santander
(Sharecast News) - Parliament's spending watchdog has accused HM Revenue & Customs of deliberately running down its phone services to force people to go online after finding the average call waiting time has passed 23 minutes - almost double the figure of two years earlier. With people across the country working to finish their self-assessment return before the 31 January deadline, the public accounts committee (PAC) said it was "concerned that HMRC has degraded its own phone services" in the hope that taxpayers choose other ways to get in touch. - Guardian
Tuesday newspaper round-up: Trump, Santander, Heathrow
(Sharecast News) - Donald Trump signed a memorandum on inflation and multiple orders aimed at lowering energy prices, but the incoming president's advisers offered few details on the policies, raising serious questions about whether the new administration will be able to address one of Americans' most pressing concerns. During a press call on Monday morning, incoming White House advisers pledged that Trump would pursue an "all of government approach to bringing down costs for American citizens" but they declined to outline concrete steps that the administration would pursue to lower prices. - Guardian
Monday newspaper round-up: TikTok, London salaries, Airbus
(Sharecast News) - TikTok said on Sunday that it was restoring services in the US after Donald Trump pledged earlier in the day to give the video app a reprieve on its US ban. Trump wrote on Truth Social that after taking office on Monday he would sign an executive order allowing the Chinese-owned video app additional time to find a buyer before facing a total shutdown, and proposing that the US or an American firm take a 50% ownership stake. - 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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