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.

Sunday newspaper round-up: Twitter, British Airways, Russian oil imports

(Sharecast News) - Relations between Twitter and and Elon Musk may be thawing if reports that the former is taking a fresh look at the technology magnate's £33bn takeover offer is anything to go by. According to the Wall Street Journal, the two sides were set to meet on Sunday to discuss the deal and Twitter's board was now said to be "more receptive to a deal". - Sunday Telegraph British Airways will open a maiden crew base in Madrid for short-haul flights in a bid to avoid the crew shortages that hampered travel last summer. Thus far in April, 1,400 flights have already been cancelled, marking the worst disruptions at UK airports for 10 years. But the move could put the company on a collision course with unions because the minimum wage of £6.35 in Spain is well below the £9.50 paid in the UK. - Sunday Telegraph

The European Union is readying a package of "smart sanctions" to foist on Russian oil imports designed to minimise the fallout for the bloc's economy while responding to pressure to deprive Moscow of those revenues. "We are working on a sixth sanctions package and one of the issues we are considering is some form of an oil embargo. When we are imposing sanctions, we need to do so in a way that maximises pressure on Russia while minimising collateral damage on ourselves," European Commission economic vice-president, Valdis Dombrovskis, told The Times. - The Times

The UK government may need to recruit Big Tobacco's help if it is to hit its goal of less than 5% of the country's population still being smokers by 2030. But anti-smoking campaigners are angered by the thought of any role for tobacco companies and some are criticising the lack of action over the preceding three years, arguing that there was still no plan, no investment and based on current trends zero chance of success. Yet of the seven million smokers in the UK at present, the statistical probability is that two-thirds will die. - Sunday Telegraph

Centrica, the owner of British Gas, is in the running to take over parts Bulb Energy, the collapsed electricity and gas supplier. Yet the fact that it is interested in Bulb's 1.7m customers, but not the brand, staff or offices could be controversial, not least because as it is also seeking government help for the transaction. Nonetheless, the special administration process under which the company is being run is expected to cost the government £2.2bn. - Financial Mail on Sunday

Share this article

Related Sharecast Articles

Wednesday newspaper round-up: Motor finance compensation, car manufacturers, Rebel Energy
(Sharecast News) - A court of appeal ruling that has left lenders fearing PPI-level compensation bills over the motor finance commission scandal "goes too far", the City regulator said on Tuesday. The Financial Conduct Authority (FCA) made the comments in a written submission to the supreme court on Tuesday, as part of a high-profile case being closely watched by the government. The Treasury, which tried but failed to intervene in the case, is concerned the standing decision could spook businesses and threaten investment in the UK. - Guardian
Tuesday newspaper round-up: Household bills, OpenAI, BBC
(Sharecast News) - Millions of households are bracing themselves for a raft of price increases across a range of bills - from energy and water to car tax and the TV licence - that take effect on Tuesday. With so many costs rising at once - prompting some to label this month "awful April" - the government is facing fresh calls to take action to limit the impact of some of the increases. The Liberal Democrats claimed ministers needed to "get a grip" on energy bills. - Guardian
JPMorgan starts coverage of Wise at 'overweight'
(Sharecast News) - JPMorgan Cazenove initiated coverage of Wise on Monday with an 'overweight' rating and a 1,242p price target.
Monday newspaper round-up: Scams, Aviva, retailers
(Sharecast News) - Anti-scam campaign groups are calling for police forces to be much tougher on fraudsters, who they claim are scamming millions from victims in "a penalty-free crime". The pleas are being made just days after the UK government announced it is working on an "expanded" fraud strategy as part of a "robust response" to surging reported fraud rates, which rose by 19% last year according to the Office for National Statistics. - 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.