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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: Energy bills, Qantas, CrowdStrike

(Sharecast News) - Ministers have committed to help households struggling with their gas and electricity bills this winter after energy industry bosses warned that consumer debt had climbed to more than £3bn. With Labour under fire for scrapping universal winter fuel payments to pensioners, ministers met energy industry bosses on Wednesday to discuss ways of supporting struggling households through the coming colder months. - Guardian Qantas Airways has posted a $2.1bn annual underlying profit - down 16% from last year's record result - amid a surge in demand for budget Jetstar fares and mounting public anger at its service and ticket policies. Australia's biggest airline said bookings and travel demand remained stable across its flying brands, although moderating air fares had eroded profits, especially on international flights. - Guardian

A City whistleblower has been awarded more than half a million pounds after he was fired for exposing an alleged Chinese spy. An employment tribunal has awarded Bharat Bhagani, a former compliance officer at Goldenway Global Investments, nearly £565,000 in compensation, according to a ruling published earlier this week. - Telegraph

The Savoy hotel in central London is facing an increasingly competitive luxury hotel market on the back of a host of openings by rivals. According to the hotel's accounts, filed this week, at least 15 new luxury hotels with a total of 2,677 rooms are opening across the capital over the 2023-2025 period. - The Times

CrowdStrike has cut its annual sales and profit forecast as demand for its cybersecurity products is hit by the global Windows outage caused by a faulty update from the company. The outage last month hit 8.5 million Microsoft Windows devices, interrupting internet services and leaving thousands of people stranded at airports after mass flight cancellations. - The Times

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Friday newspaper round-up: Pension funds, OpenAI, Goodwin Procter
(Sharecast News) - More than 250 British company bosses have urged Rachel Reeves to use her budget to make UK pension schemes channel extra funds into domestic businesses, increasing private investment by as much as £95bn. In a letter to the chancellor, business leaders said the government must address a crisis in which pension investment in UK-listed companies has fallen from 53% of total equity holdings in 1997 to 4% this year. - Guardian
Thursday newspaper round-up: Fired Earth, Nick Candy, Nvidia boss
(Sharecast News) - The firm linked to the former Conservative peer Michelle Mone that was found last month to have supplied unusable personal protective equipment during the pandemic owes £39m in unpaid taxes, according to company documents. PPE Medpro, owned by Mone's husband, the Isle of Man-based businessman Doug Barrowman, was put into administration on 30 September, the day before the high court judgment was made public. - Guardian
Wednesday newspaper round-up: Worklessness crisis, telecoms companies, fuel duty
(Sharecast News) - Employers have been told in a landmark government review that fixing Britain's health-related worklessness crisis will require them to spend £6bn a year on support for their staff. In a major report before this month's budget, Charlie Mayfield warned that businesses needed to play a more central role in tackling a rising tide of ill-health that is pushing millions of people out of work. - Guardian
Tuesday newspaper round-up: Ofwat, Budget, law firms
(Sharecast News) - More than $70tn (£53tn) of inherited wealth will pass down the generations across the world over the next decade, widening inequality and highlighting the need for intervention by the G20 group of leading nations, a group of economists and campaigners have warned. In a report ahead of the G20 meetings in Johannesburg, hosted by the South African government later this month, the expert panel said the gap in global wealth between rich and poor will widen over the next decade without a permanent monitoring group such as the UN Intergovernmental Panel on Climate Change. - 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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