Open an account Help & support Register Account summary Log out
Skip Header
Home Stock market news

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: EasyJet, Direct Line, Cairo

Sun 03 Mar 2024 15:16

(Sharecast News) - EasyJet founder Sir Stelios Haji.Ioannou has called time on his long-running feud with the "scoundrels" running the carrier. Haji-Ioannou has admitted that his war with easyJet boss Johan Lundgren was motivated by his fear that it would not get through Covid-19. His latest remarks come as the company is preparing to re-enter the ranks of the FTSE 100. They also come after attempts by easyJet to fill the gap in the market left by the collapse of Monarch and Thomas Cook, with Lundgren and chairman Stephen Hester having tried to shift focus towards selling holidays instead of just flights. - The Sunday Times Sir Peter Wood believes that Direct Line, the insurer he founded in 1985 has been "terribly" managed for years, leaving it a potential target for bidders. Indeed, given a decent price, that is exactly what he thinks should happen, Wood told the Mail on Sunday. Belgium's Ageas tabled a £3.1bn bid during the previous week, but that was not enough, Wood added. Wood further described the share and cash deal offered by Ageas as "messy". He was also "sure" that other offers would materialise. - Financial Mail on Sunday

A delegation of Hamas officials arrived in the Egyptian capital for talks to try and reach a ceasefire deal. It followed indications that Tel Aviv was ready to accept a phased six-week agreement for the release of hostages and a truce before the start of Muslims' holy month of Ramadan. Negotiators from Qatar and the U.S. had also arrived in Cairo to take part in the talks. A response from Hamas was anticipated on Sunday or Monday. - Guardian

Ministers are under pressure to present their plans should Thames Water collapse, an outcome that could cost taxpayers billons of pounds. The rescue plans drawn up by the Department for Environment, Food and Rural Affairs are known as "Project Timber" and according to Thames Water executives have a value of £5bn. The supplier is facing a £190m loan in April that its bosses have already said that it will not be able to meet. - The Sunday Telegraph

St.James's Place has put aside £426m to cover compensations to clients who allege that it fraudulently charged for annual reviews of client portfolios that were never conducted. The provision also follows the 15,000 complaints lodged with law firm AMK Legal on their behalf over the past three months. - The Sunday Times

Share this article

Related Sharecast Articles

Thu 25 Jun 2026 07:20
Thursday newspaper round-up: UK graduates, Andy Burnham, Micron Technology
(Sharecast News) - Great Britain's grid operator is expected to pay millions to fire up gas power plants to avoid a rare summer power supply crunch on Wednesday evening as extreme heat puts pressure on the energy system. The National Energy System Operator (Neso) is expected to pay about £10m on Wednesday to secure enough electricity to meet demand as households turn on air conditioners and electric fans, according to industry data. - Guardian
Wed 24 Jun 2026 07:20
Wednesday newspaper round-up: WH Smith, card payments, BBC News
(Sharecast News) - Small suppliers including the charity Help for Heroes are to lose at least half the money owed to them by the former WH Smith high street chain if a planned restructure is voted through this week. The books to paperclips retailer, which has 450 stores, was bought by the private equity firm Modella Capital last year and rebranded TG Jones. It has said it is likely that it will have to call in administrators if creditors, including shop landlords, do not approve an amended restructuring plan, seen by the Guardian, designed to cut costs in a vote on Wednesday. - Guardian
Tue 23 Jun 2026 07:10
Tuesday newspaper round-up: Rail passengers, Lime, BoE
(Sharecast News) - Rail passengers have been told to attempt to travel only if "absolutely essential" and check trains are running, with extreme heat expected to disrupt services around Britain. Temperatures are forecast to rise to 37C across most of southern England and Wales over the next three days, and potentially to 40C in the most affected areas. Intercity trains from London to Birmingham, Manchester and beyond are expected to be among the worst affected. - Guardian
Mon 22 Jun 2026 07:11
Monday newspaper round-up: Tech companies, Pennon, David Lloyd gyms
(Sharecast News) - Leave-voting areas have seen faster relative growth in foreign workers since the Brexit referendum, a Guardian investigation has found. Data analysis suggests that the decade since the Brexit vote may not have matched the expectations of many Leave supporters, showing their local areas have also become relatively more deprived over the same period. - 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.

Policies and important information
 

Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme

 

Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document or Product Summary document which contains important information about the fund.

This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.

© FIL Limited 2026