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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, Gatwick, banks

Fri 07 Jul 2023 07:32

(Sharecast News) - Twitter has threatened to sue Meta over its new Threads app, which Mark Zuckerberg has openly billed as a rival, claiming the company has violated Twitter's "intellectual property rights". In a letter to CEO Mark Zuckerberg, first published by the news outlet Semafor, a lawyer for Twitter said the company "has serious concerns that Meta Platforms (Meta) has engaged in systematic, willful and unlawful misappropriation of Twitter's trade secrets and other intellectual property". - Guardian London Gatwick has formally submitted plans for a £2.2bn second runway, as the airport looks to double its passenger numbers to 75 million a year. Gatwick said the planned runway would generate 14,000 jobs and bring a £1bn annual boost to the region. Campaigners said the additional flights would significantly worsen noise and air pollution, as well as carbon emissions, from the airport. - Guardian

Almost 390,000 people who took early retirement during the onset of the pandemic have fallen into poverty, according to a leading think-tank. The Institute for Fiscal Studies (IFS) said around half of those aged 50 to 70 who left the workforce in 2020-21 ended up living in "relative poverty" because of "labour market disruptions or health concerns". - Telegraph

The financial regulator called on banks to move faster to raise savings rates for consumers after calling in the bosses of high street banks yesterday. The Financial Conduct Authority said that the banks recognised they "needed to do more to help their consumers access the best rates" and urged them to accelerate recent increases. - Telegraph

The quality of work produced by Britain's auditors is improving, although some of the challenger firms looking to break the stranglehold of the Big Four have been scolded again for their "unacceptable" performances. BDO, the UK's fifth-largest accountant, and Mazars, the seventh-largest, were admonished last year by the Financial Reporting Council, the industry regulator, for "growing too fast". - The Times

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Wed 07 Oct 2026 07:23
Wednesday newspaper round-up: Energy bills, O2 , BT/TalkTalk, Meta
(Sharecast News) - John Healey is planning a major intervention to cut energy bills for poorer households in this month's budget, after ministers became alarmed at forecasts that show bills rising by hundreds of pounds in January. The chancellor is working on plans to spend more than £1bn to help energy consumers, the bulk of which is likely to go towards increasing the discount given to households on certain benefits. - Guardian
Tue 06 Oct 2026 07:20
Tuesday newspaper round-up: FCA, housebuilders, Panmure Liberum
(Sharecast News) - A top UK regulator has launched an investigation into how it handled a whistleblower - who highlighted alleged ties between the late sex offender Jeffrey Epstein and the US commerce secretary, Howard Lutnick - after he took his own life. The British banker Simon Andriesz died late last month aged 57, the campaign group Transparency Task Force, of which he was a member, confirmed over the weekend. - Guardian
Mon 05 Oct 2026 07:10
Monday newspaper round-up: North Sea strikes, BT/TalkTalk, bank taxes
(Sharecast News) - A looming strike by oil workers in the North Sea could "severely disrupt" UK fuel supplies, the Unite union has said, adding that staff were left with no choice after a breakdown in pay talks with the Texas oil company Apache. The union said Apache workers had "emphatically" backed strike action after being given what it said was an unacceptable pay offer that amounted to a real-terms pay cut for many employees, at a time when the company was "raking in eye-watering profits". - Guardian
Fri 02 Oct 2026 07:06
Friday newspaper round-up: BBC, airlines, OpenAI
(Sharecast News) - The BBC has started a redundancy process in its TV and streaming division, heightening staff fears that Matt Brittin will announce the closure of the poorly performing BBC Three and BBC Scotland channels next week. The corporation's director general, who has repeatedly said that linear TV and radio services may have to shut as audiences move online, is expected to inform staff on Wednesday of the latest stage of a plan to save £500m and shed up to 2,000 jobs. - Guardian

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