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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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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
Thu 09 Jul 2026 07:17
Thursday newspaper round-up: UK vets, Sizewell B, Terry Smith
(Sharecast News) - UK vets may have to have a licence and cap prescriptions for pet medicine at £21 under plans being considered by the government. Ministers are also considering establishing a regulator for the veterinary sector, including inspections, a mandatory licensing system and published compliance reports to improve accountability and choice. Every vet practice could need an official operating licence - similar to GP surgeries and care homes - under proposals in a white paper. - Guardian
Wed 08 Jul 2026 07:27
Wednesday newspaper round-up: Regional income divide, John Lewis, mortgages
(Sharecast News) - Britain's deep regional income divide has barely changed in 30 years despite the promises of successive governments to narrow the gap, according to a report showing the challenge for Andy Burnham. As the prime minister-in-waiting prepares for government, the Resolution Foundation said almost no progress had been made since 1997 to tackle stark divisions in household income, before housing costs are taken into account, between the richest and poorest parts of the country. - Guardian

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