Skip Header
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: Business energy, Vectura, Rhodes fire, Barbenheimer, interest rates

(Sharecast News) - A coalition representing 1m small businesses is urging the energy regulator to crack down on the rogue energy brokers who rip off firms, charities, care homes and faith groups by piling billions of pounds in hidden commission fees on to bills. The business groups have written to Ofgem demanding it force gas and electricity suppliers to disclose how much they are paying the intermediaries who market deals on their behalf. - Guardian The pharmaceuticals business bought by Philip Morris International has suffered a series of senior departures amid other setbacks to the transformation of the world's biggest tobacco group. Michael Austwick, the chief executive of Vectura, the respiratory drugs company that Philip Morris contentiously acquired for £1 billion two years ago, is stepping down having been in the role only since he joined from Novartis in June last year. - The Times

Travel companies are scrambling to repatriate thousands of tourists from a Greek island ravaged by wildfires, as British holidaymakers spent a second night in temporary accommodation. Government officials held emergency meetings on Sunday as they called for more help for those stranded in Rhodes. - Telegraph

The success of Barbie and Oppenheimer at the box office has led to Vue International reporting its biggest weekend for UK cinema ticket sales since before the pandemic. On Sunday, the cinema chain said a fifth of its customers had bought tickets to see both films in a double bill given the moniker Barbenheimer on social media. - Guardian

Rising interest rates have prompted a leading forecaster to more than halve its expectations for economic growth next year. The latest projections from the EY Item Club predict that annual growth will amount to only 0.8 per cent in 2024, less than half the 1.9 per cent forecast it made earlier in the year. - The Times

Spain's conservatives won the country's general election yesterday but failed to gain enough votes to form a government after the Socialist prime minister, Pedro Sánchez, outperformed predictions. Although the Popular Party was victorious, the hung parliament was a setback for Alberto Feijóo, its leader. His party has no obvious coalition partner other than the hard-right Vox party, which lost more than a third of its seats, down to 33 from 52. - The Times

Low-traffic neighbourhoods face a ban and landlords will get longer to meet energy efficiency targets as ministers retreat on "costly and unpopular" green policies. Rishi Sunak is planning to hold firm on net-zero goals while delaying or ditching a host of measures that would impose direct costs on consumers, as he comes under pressure from the right of his party to rethink Britain's climate commitments. - The Times

The owner of British Airways has invested in a green aviation fuel producer based in Teesside as the airline industry races to meet net zero targets. IAG, the FTSE 100 group behind the UK flag carrier, Aer Lingus and Spain's Iberia, is to invest in Nova Pangaea Technologies, which is building its headquarters within the Teesside Freeport. - Telegraph

Belarus is struggling to restrain Wagner mercenaries from attacking Poland, Alexander Lukashenko has said. The Belarusian leader made the claim during a meeting with Vladimir Putin in St Petersburg, days after Warsaw accused Moscow of using Wagner and Minsk to destabilise Eastern Europe. - Telegraph

New Zealand's justice minister resigned on Monday after police charged her with reckless driving and resisting arrest after a car crash. Kiri Allan was involved in the crash shortly after 9pm on Sunday in Wellington, said prime minister Chris Hipkins, and she was detained at the central police station before being released four hours later. - Guardian

Share this article

Related Sharecast Articles

Sunday newspaper round-up: Middle East, Aston Martin, Defence
(Sharecast News) - Britons must accept that their country was now involved in the Middle East conflict, Tobias Ellwood said. The former defence minister warned that "nobody was in full control" of the growing conflict as more and more countries were sucked in. Ellwood also said that Tehran's strike had taken the conflict into a "new dangerous territory". - Sunday Telegraph
Friday newspaper round-up: Everton, AstraZeneca, Amazon
(Sharecast News) - Everton has paid about £30m in interest charges to an opaque lender associated with a tax exile, corporate records suggest. The charges appear to have reached about £438,000 a week, according to the troubled Premier League club's most recent set of accounts, a figure more than three times the reported wages of the Everton and England goalkeeper Jordan Pickford. - Guardian
Thursday newspaper round-up: Border controls, McKinsey, KPMG
(Sharecast News) - New post-Brexit UK border controls coming into force later this month will cost British businesses £2bn and fuel higher inflation, according to a report warning that UK-EU trade will be damaged as a result. With less than a month before the introduction of new checks on animal and plant products from 30 April, the insurer Allianz Trade said the controls agreed under Boris Johnson's Brexit deal could add 10% to import costs over the first year. - Guardian
Wednesday newspaper round-up: Shoplifting, EnQuest, Klarna
(Sharecast News) - The government is investing more than £55m in expanding facial recognition systems - including vans that will scan crowded high streets - as part of a renewed crackdown on shoplifting. The scheme was announced alongside plans for tougher punishments for serial or abusive shoplifters in England and Wales, including being forced to wear a tag to ensure they do not revisit the scene of their crime, under a new standalone criminal offence of assaulting a retail worker. - 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.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.