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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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Tue 03 Nov 2026 07:13
Tuesday newspaper round-up: Poundland staff, Apple, Anthropic
(Sharecast News) - The founder of Poundland has warned that staff at the retailer could be out of work for "years" if it collapses, as he called on the owners of the troubled chain to accept a proposed buyout deal. Steve Smith, who set up the firm with a store in Burton upon Trent in 1990, said: "Once these jobs are lost, they are lost" from Britain's struggling high streets. His warning comes as the chain's 12,000 employees face uncertainty over their future in the run-up to Christmas. - Guardian
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(Sharecast News) - The world's biggest oil companies are on track to amass profits of more than $95bn (£71bn) in the third quarter as the war in the Middle East drives up the price of fossil fuels. The windfall war profits have sparked calls for oil corporations such as Saudi Aramco and BP to pay for environmental damage and help the world transition towards renewable energy. - Guardian
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(Sharecast News) - The amount Britons can earn from a side hustle without paying tax will rise to £3,000 next year in a fillip for those who make extra cash from hobbies or reselling. Up to 1.4 million people could benefit from the change announced in the budget, with the chancellor confirming the tax-free "trading" allowance will increase from £1,000 to £3,000 in April 2027. - Guardian
Thu 29 Oct 2026 07:19
Thursday newspaper round-up: Thames Water, Toblerone, Rolls-Royce
(Sharecast News) - A group of creditors to troubled Thames Water are poised to vote on whether to grant an emergency £2.4bn loan to keep the company afloat, as campaigners raise concerns it could add £40 to each household's bills in interest alone. A consortium of creditors, called London & Valley Water, will vote on Thursday on whether to increase a funding facility for the debt-laden utility company to £5.4bn to keep it operating to autumn 2027. - Guardian

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