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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: 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

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Thursday newspaper round-up: CMA, Riverford, Lloyds, Arm Holdings
(Sharecast News) - The appointment of the former boss of Amazon UK to lead the competition watchdog poses a threat to its independence and pledge to hold big tech to account, according to a group including tech companies and the former business secretary Vince Cable. The group - which includes the News Media Association, the Firefox developer Mozilla, the consumer group Which? and the Future of Technology Institute - has written to the chancellor, Rachel Reeves, to raise concerns about the appointment of Doug Gurr as the interim chair of the Competition and Markets Authority (CMA). - Guardian
Wednesday newspaper round-up: Thames Water, Johnson & Johnson, BoE
(Sharecast News) - Thames Water may need as much as £10bn in debt and equity investment to repair its finances, according to a representative of creditors hoping to lend the struggling utility another £3bn. London's high court heard evidence on Tuesday that suggested the UK's largest water company may need significantly more resources than the roughly £6.3bn it has previously indicated. - Guardian
Monday newspaper round-up: Zero-hours contracts, Barclays, Asos
(Sharecast News) - Hundreds of thousands of British workers are on zero-hours contracts despite being with the same employer for years, according to analysis from the TUC. The majority of zero-hours contract workers have been with their employer for more than 12 months, while one in eight have not been granted regular employment rights after more than a decade working in the same place, the organisation said. - Guardian
Friday newspaper round-up: Apple, Daily Mail, OpenAI, Homebase
(Sharecast News) - Apple slightly beat analysts' expectations in its first-quarter earnings for fiscal year 2025 on Thursday. The iPhone-maker's revenue rose by 4%, coming in at $124.30bn, barely above estimates of $124.12bn. Earnings per share were $2.40, just ahead of analysts' expectations of $2.35. Shares rose more than 8% in extended trading after CEO Tim Cook indicated in an earnings call on Thursday that Apple is on the trajectory for revenue growth next quarter. - 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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