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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.

Sunday newspaper round-up: Bond investors, Reckitt Benckiser, Tate&Lyle

(Sharecast News) - Government bond investors are signalling to the Chancellor that her plans for an additional £80bn of debt will not trigger and Liz-Truss style panic. But that will only hold true if she first establishes clear annual expenditure plans and lays out the economic case for the projects that she wants to fund. The new borrowing would be on top of spending cuts and tax hikes needed to fill a £22bn hole in the country's finances. Chief secretary to the Treasury, Darren Jones, has promised that "independent checks and balances" will be instituted to ensure value for money. - The Sunday Times Reckitt Benckiser is preparing the sale of its £6bn homecare unit to private equity. Among the potential buyers of the division, which manufactures Air Wick air fresheners or Cillit Bang cleaners, are Apollo Global Management, KKR and Clayton, Dubilier & Rice. CVC and US outfit Carlyle have also been approached in order to gauge their interest but sources close to both firms said neither was likely to table an offer. The homecare unit-s sales hit £1.9bn during the previous year but no separate profit figures were known. - The Sunday Times

US private equity outfit Advent is plotting a takeover of Tate & Lyle. The news, first reported by the Financial Times, sent shares in the manufacturer of artificial sweeteners sharply higher, taking its market capitalisation to £3bn. Advent's past purchases and later dismemberment of Cobham and Ultra Electronics sparked outrage. - The Financial Mail on Sunday

Boeing's striking workers will vote on a proposal to end the dispute on 23 October. The labor deal may put an end to their month-long walkout. The jetmaker has offered workers a 35% pay rise. The International Association of Machinists and Aerospace Workers said that the negotiated proposal and resolution to end the strike were "worthy of consideration". Federal Democratic lawmakers pressed both the company and union representatives to reach a deal. - Guardian

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Friday newspaper round-up: Income tax, Ineos, Virgin Atlantic
(Sharecast News) - Rachel Reeves is set to abandon a plan to raise income tax in her budget with the chancellor reportedly "ripping up" the main measures in the wake of turmoil in the party. A source told the Guardian that plans to break the manifesto pledge on income tax had been ditched by the prime minister, Keir Starmer, and the chancellor. - Guardian
Thursday newspaper round-up: Stamp duty, pensions, Tate galleries, Flutter
(Sharecast News) - Rachel Reeves has been urged to abolish the "sin tax" of stamp duty in the budget by property experts including TV presenter Kirstie Allsopp, as the chancellor faced calls to replace it with an annual property tax. Allsopp, presenter of Channel 4 property shows including Location, Location, Location, said "people are in a panic" about potential stamp duty changes, and "sitting tight" ahead of the 26 November budget. - Guardian
Wednesday newspaper round-up: Heathrow, InstaDeep, LNG
(Sharecast News) - Renewables will grow faster than any major energy source in the next decade, according to the world's energy watchdog, making the transition away from fossil fuels "inevitable", despite a green backlash in the US and parts of Europe. The world is expected to build more renewable energy projects in the next five years than has been rolled out over the last 40, according to the flagship annual report from the International Energy Agency (IEA). - Guardian
Tuesday newspaper round-up: Gambling tax, Warren Buffett, Legal & General
(Sharecast News) - The Gambling Commission has demanded a UK bookmaker hand over a trove of financial documents after the company accidentally disclosed information suggesting it may be running an illegal offshore betting operation. The Guardian understands that the company, which sponsors sporting events and boasts connections to high-profile figures in sport and politics, is the subject of early inquiries that could lead to a full-blown investigation. - 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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