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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.

Monday newspaper round-up: Britishvolt, Octopus, LSE Group

(Sharecast News) - The Australia-based company Recharge Industries will take over collapsed battery maker Britishvolt after finalising a deal with administrators late on Sunday in the UK. The agreement revives hopes for the construction of a £3.8bn (A$6.7bn) "gigafactory" in northern England, the backbone of a plan to modernise the British automotive industry and supply the next generation of UK-built electric vehicles. - Guardian Jeremy Hunt's tax raid poses one of the biggest threats to UK businesses this year, according to a survey of British bosses that urged the Chancellor to make restoring competitiveness a "priority" for the Budget. Business leaders said reducing the tax burden on companies and their staff were two of their top three policy priorities this year. - Telegraph

Drivers risk being forced to pay a "tyre tax" as Britain explores a crackdown on brake and tyre wear emissions. Ministers have hired advisers to explore how to address harmful emissions that experts say are more harmful than diesel fumes. The Department for Transport has asked consultancy Arup to "develop recommendations on how to better assess and control these emissions which will persist after a transition to zero tailpipe emission vehicles", according to a Government filing. - Telegraph

Investors who first backed the Octopus financial services and energy group have made 158 times their money, according to its co-founder. For the first time Simon Rogerson, who says he found his early backers in 2020 by dialling the numbers of random financial advisers in the Yellow Pages, has published some numbers for the overall privately owned Octopus business. - The Times

Results from London Stock Exchange Group this week could fire the starting pistol on the sale of as much as £4 billion of its shares by a consortium led by Blackstone, the American private equity group, and Thomson Reuters. A lock-up arrangement preventing these owners from selling an initial 10 per cent stake in the group expired in January, but in practice as insiders with seats on its board they can only begin to sell on Thursday, when the company's "quiet period" ends. - The Times

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Thursday newspaper round-up: Revolut, BT Group, housing market
(Sharecast News) - Pensioners and people on disability benefits are the winners from radical changes to the welfare system made by the Tories over the last decade, while working-age families are losing out by thousands of pounds every year, according to a report by the Resolution Foundation. The Conservatives' 14-year overhaul of social security has shifted spending away from children and housing to supporting elderly people, and broken the link between entitlement and need for some of the poorest households in the country, the report says. - Guardian
Wednesday newspaper round-up: Entain, Invesco, Deltic Energy
(Sharecast News) - The owner of South West Water has warned that global heating will increase the risk of outbreaks of the parasite that caused diarrhoea and vomiting in south Devon. Pennon Group said that "gradual and significant increasing average and high temperatures" could pose "risks to water quality and water treatment" - including the cryptosporidium parasite - in its annual report, published this week. - Guardian
Tuesday newspaper round-up: Asda, Apple, Elon Musk
(Sharecast News) - One in three Asda staff have been attacked at work, according to research that included reports of workers being stabbed, punched and threatened with syringes. The poll of almost 1,000 members of GMB, one of the UK's biggest unions, returned stories of delivery drivers being chased by people in cars, while store workers had food thrown at them. More than half (58%) of respondents said they had suffered injury or illness on the job. - Guardian
Monday newspaper round-up: Macron, THG, LSE Group
(Sharecast News) - France's president, Emmanuel Macron, has been accused of gambling with French democracy after announcing that he will dissolve parliament and call snap legislative elections in the wake of his allies' crushing defeat to Marine Le Pen's far-right National Rally (RN) in Sunday's European parliament elections. - 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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