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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: Climate Change, The Telegraph, Stamp duty

(Sharecast News) - Humanity has failed at the goal of keeping the degree of global warming below 1.5C. According to the head of the Intergovernmental Panel on Climate Change, Jim Skea, the planet was on course to warm by 3C by 2100. But surface temperatures would rise by more than those of the sea. Furthermore, western Europe and the UK were at threat from even greater warming, possibly as much as 5C by the turn of the century. - The Sunday Telegraph The New York Sun's owner is close to clinching a more than £550m deal for The Telegraph. Over the next few days, Dovid Efune will start exclusive negotiations with RedBird IMI to take over the newspaper. Insiders say that talks are already at an advanced stage. - The Sunday Telegraph

The Investment Association is asking the Chancellor to do away with stamp duty on share as a means of boosting the stock market. At present, investors must shell out an 0.5% tax when buying shares of UK-listed companies, but not when buying those of foreign ones. IA pointed out that it was one of the highest such taxes anywhere. Other critics have been arguing for some time that the tax keeps investors away from the London market. The association further argued that it would incentivise pension funds to increase their allocations to UK-listed stocks. - The Financial Mail on Sunday

Forty businesses, including Ocado, penned an open letter to the mayor of London asking him not to expand the congestion charge to include electric vans. Starting from Christmas 2025, electric van drivers in central London will be forced to pay £15 a day, the same as petrol and diesel vehicles. Such a measure would hinder uptake of electric vans, whose carbon emissions have jumped by 63% since 1990 alongside growth in home deliveries. Car emissions on the other hand had decreased. - Guardian

Mulberry founder Roger Saul has come out against the proposed £83m takeover bid for the fashion outfit presented by retail billionaire Mike Ashley the week before. In his opinion, a European luxury firm, such as LVMH, would be a better fit. To build a brand such as Mulberry from scratch would cost LVMH hundreds of millions of pounds, Saul added. - The Financial Mail on Sunday

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(Sharecast News) - California's home-insurance safety net does not have enough money to pay all of the claims from damage caused by the Los Angeles wildfires and has asked private insurers to contribute $1bn toward those claims. All private insurers operating in California are required to contribute to the Fair plan, a plan of last resort established so all Californians would have access to fire insurance. More than 450,000 California homeowners got their insurance through the Fair plan in 2024 - more than double the number in 2020. As of 4 February, the plan had received more than 4,700 claims from the Palisades and Eaton fires, almost half of which were for "total losses". - Guardian
Wednesday newspaper round-up: British economy, Heathrow, FOS
(Sharecast News) - The British economy is on course to expand by 1.5% this year after the budget gave a boost to public spending but could be blown off course if Donald Trump goes ahead with threatened tariffs, a leading economic thinktank has warned. In a boost to Rachel Reeves after a bruising month of negative economic figures, the National Institute of Economic and Social Research (NIESR) upped its annual growth prediction from 1.2% to 1.5%. - Guardian
Tuesday newspaper round-up: OpenAI, EVs, gas prices
(Sharecast News) - Elon Musk escalated his feud with OpenAI and its CEO Sam Altman on Monday. The billionaire is leading a consortium of investors that announced it had submitted a bid of $97.4bn for "all assets" of the artificial intelligence company to OpenAI's board of directors. The startup, which operates ChatGPT, has been working to restructure itself away from its original non-profit status. OpenAI also operates a for-profit subsidiary, and Musk's unsolicited offer could complicate the company's plans. The Wall Street Journal first reported the proposed bid. - Guardian
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(Sharecast News) - An increasingly complex tax system is burdening the government and businesses with hundreds of millions of pounds more in administration costs, Whitehall's spending watchdog has warned. The report by the National Audit Office (NAO) also said "poor levels of service" meant some taxpayers and their representatives were "finding it more difficult to deal with their tax matters and are losing trust in HM Revenue & Customs [HMRC]". - 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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