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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.

Thursday newspaper round-up: Disney, Russian airlines, renters

(Sharecast News) - Walt Disney edged past Netflix with a total of 221 million streaming subscribers at the end of the most recent quarter and announced it will launch a Disney+ option with advertising this December. In the just-ended quarter, Disney+ added 14.4 million Disney+ customers, beating the consensus of 10 million expected by analysts polled by FactSet, as it released Star Wars series Obi-Wan Kenobi and Marvel's Ms Marvel. - Guardian One of the UK's largest home insurers has warned over the impact of record temperatures on claims, saying the climate crisis was already resulting in a rise in fire and subsidence cases this year. LV=General Insurance (LV=GI), which was bought by the German insurer Allianz in 2019, said it was dealing with claims worth £1.2m after the extreme heat that hit the country between 17 and 20 July. - Guardian

Russian airlines are dismantling Western-made aeroplanes for spare parts as sanctions over the invasion of Ukraine cripple its aviation industry. At least one Russian-made Sukhoi Superjet 100 and an Airbus A350, both operated by Aeroflot, are currently grounded and being stripped for spares, one source familiar with the matter told Reuters. - Telegraph

A top banker who was suspended after telling a female analyst that he needed "love and affection" while on a work trip in Barcelona has quit. Sources said that Jan Skarbek, one of the most high-profile dealmakers at Citigroup, has resigned from the Wall Street lender after allegedly making the comments to a colleague while on a staff getaway. - Telegraph

Renters should be able to use their history of payments as proof that they can afford a mortgage, a think tank has argued. The recommendation is one of several made by Policy Exchange that it says should be adopted by the government if it is serious about helping people to get on the housing ladder. - The Times

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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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