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.

Thursday newspaper round-up: Diesel, Glencore, HBOS

(Sharecast News) - Drivers experienced a "severe shock" after the price of diesel shot up in October amid the fallout from the Opec+ oil cartel's decision to cut production, the RAC has said. The price of diesel rose by 10p a litre to 190.5p on average - the third worst monthly increase on record, behind previous increases this year, data from the motoring group showed. - Guardian Glencore flew cash bribes to officials in Africa via private jet amid "endemic" corruption within the mining company, a London court has heard, in sentencing of the first ever UK corporate conviction on charges of bribing another person. Third-party agents used Glencore's money to bribe officials in Nigeria, Cameroon, Ivory Coast, Equatorial Guinea and South Sudan, causing harms worth $128m, a sentencing hearing at Southwark crown court heard. - Guardian

Apollo Global Management acquired assets worth $1.1 billion from British pension funds during the fire sale in the wake of September's mini-budget. The American investment group's Athene business raced to acquire collateralised loan obligations - securities backed by debt, also known as CLOs - as pension funds scrambled to raise cash. - The Times

A review into whether executives at Lloyds Banking Group covered up a fraud has been held up yet again, with a witness to the inquiry calling the series of delays an "ongoing scandal". Dame Linda Dobbs, who is leading an investigation into the bank's handling of the HBOS Reading scam, said yesterday that she had experienced "significant delays in concluding interviews with a number of important witnesses", which was having a "material impact" on the completion of her review. - The Times

The cost of capping Britain's energy bills is expected to be slashed by an expected 30pc slide in gas prices this winter, as mild weather and full storage eases fears of shortages across Europe. City economists said the slump in gas prices in recent months will provide a £5bn boost to Chancellor Jeremy Hunt as he mulls options to help families with energy bills beyond next spring. - Telegraph

Share this article

Related Sharecast Articles

Sunday share tips: PPHE, Keystone Law
(Sharecast News) - The Financial Mail on Sunday's Midas column labelled shares of PPHE an "attractive long-term buy" citing their valuation.
Sunday newspaper round-up: Middle East, Aston Martin, Defence
(Sharecast News) - Britons must accept that their country was now involved in the Middle East conflict, Tobias Ellwood said. The former defence minister warned that "nobody was in full control" of the growing conflict as more and more countries were sucked in. Ellwood also said that Tehran's strike had taken the conflict into a "new dangerous territory". - Sunday Telegraph
Friday newspaper round-up: Everton, AstraZeneca, Amazon
(Sharecast News) - Everton has paid about £30m in interest charges to an opaque lender associated with a tax exile, corporate records suggest. The charges appear to have reached about £438,000 a week, according to the troubled Premier League club's most recent set of accounts, a figure more than three times the reported wages of the Everton and England goalkeeper Jordan Pickford. - Guardian
Thursday newspaper round-up: Border controls, McKinsey, KPMG
(Sharecast News) - New post-Brexit UK border controls coming into force later this month will cost British businesses £2bn and fuel higher inflation, according to a report warning that UK-EU trade will be damaged as a result. With less than a month before the introduction of new checks on animal and plant products from 30 April, the insurer Allianz Trade said the controls agreed under Boris Johnson's Brexit deal could add 10% to import costs over the first year. - 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.