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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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Thu 23 Jul 2026 07:16
Thursday newspaper round-up: Business rates, Barclays, Moonshot
(Sharecast News) - Business rates will be cut by 20% for pubs, clubs and live music venues across England from April next year, Downing Street has announced. The discount will apply to nearly 32,000 hospitality businesses and is expected to save a typical pub about £1,100 annually, but will not be available to the very largest live music venues. - Guardian
Wed 22 Jul 2026 06:54
Wednesday newspaper round-up: Donald Trump, Airbus, Heathrow
(Sharecast News) - Donald Trump must divulge detailed financial information from his many businesses as part of his $10bn defamation lawsuit against the British Broadcasting Corporation, a federal judge ruled during a discovery hearing on Tuesday, according to news reports. The ruling by US magistrate judge Enjoliqué Lett could open a unique window into the hundreds of businesses owned by Trump's family trust. It also highlights a potential drawback for Trump's strategy of bludgeoning critical media with multibillion-dollar lawsuits. - Guardian
Tue 21 Jul 2026 07:18
Tuesday newspaper round-up: Wealth tax, Paramount, UK pension funds
(Sharecast News) - Andy Burnham has announced a fresh tax cut to remove VAT from domestic electricity bills from 1 October, a move that will funded from cancelling the Digital ID programme. The prime minister said in a statement: "Westminster has not been working for people for too long, with families struggling with the cost of living. That needs to change. I said I wanted to give people breathing space, and that's what I'm announcing on my second day as prime minister." - Guardian
Mon 20 Jul 2026 07:09
Monday newspaper round-up: Pay gap, Thames Water, Boohoo
(Sharecast News) - The bosses of Britain's largest listed companies received record pay last year, fuelling the widest earnings gap with workers in eight years. Median pay for FTSE 100 chief executives hit £5.06m in the last financial year, according to data released by the High Pay Centre, an 8.6% increase on £4.66m the previous year and the highest level on record. Executive remuneration has been rising steadily since the pandemic, when CEOs took pay and bonus cuts as the lockdowns affected business performance. - Guardian

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