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: Etsy, gas boilers, BP, Axel Springer

(Sharecast News) - Tighter rules are needed to ensure that the imported "used" cooking oil that airlines hope will power cleaner flights is not in fact virgin palm oil, campaigners have warned. About 80% of waste oil is imported to create biofuels that are mostly still used in cars, vans and lorries despite growing demand from aviation. About 60% of those imports come from China. - Guardian Etsy is laying off 225 employees in a bid to cut costs as it grapples with "very challenging" economic headwinds. The online retail company will reduce its headcount by about 11% after deciding that a "leaner, more agile" workforce would help shore up growth. - Guardian

The phaseout of gas boilers will push up household energy bills from as early as 2026 under plans to reach net zero, Ofgem has warned. The energy watchdog on Wednesday said consumers face paying at least £43 extra per year through network charges on their gas bill from 2026, under proposals to manage the shift away from gas heating. - Telegraph

The former boss of BP will lose up to £32m in pay after the oil giant's board found he knowingly misled them about a string of romantic affairs he had with colleagues. Bernard Looney resigned in September after admitting he had not been "fully transparent" about his past relationships when previously quizzed about the matter. - Telegraph

One of Britain's leading captains of ­industry over the past decade and a sometime adviser to Conservative prime ministers has been appointed by the ­Labour Party to lead a rethink of rail­infrastructure before the next general election. Jurgen Maier is a former UK head of Siemens, the German multinational, which employs thousands of people in Britain and is a leading player in the railway supply chain as a signalling and communications expert. - The Times

One of Europe's most powerful media houses has said it is going to use chatbots to promote its content. Axel Springer, the Berlin-based publisher, said it is partnering with OpenAI, the company behind ChatGPT, to deliver summaries of its output to people engaging with the chatbot. It is said to be a first deal of its kind by a mainstream publisher. - The Times

Share this article

Related Sharecast Articles

Thursday newspaper round-up: CMA, Riverford, Lloyds, Arm Holdings
(Sharecast News) - The appointment of the former boss of Amazon UK to lead the competition watchdog poses a threat to its independence and pledge to hold big tech to account, according to a group including tech companies and the former business secretary Vince Cable. The group - which includes the News Media Association, the Firefox developer Mozilla, the consumer group Which? and the Future of Technology Institute - has written to the chancellor, Rachel Reeves, to raise concerns about the appointment of Doug Gurr as the interim chair of the Competition and Markets Authority (CMA). - Guardian
Wednesday newspaper round-up: Thames Water, Johnson & Johnson, BoE
(Sharecast News) - Thames Water may need as much as £10bn in debt and equity investment to repair its finances, according to a representative of creditors hoping to lend the struggling utility another £3bn. London's high court heard evidence on Tuesday that suggested the UK's largest water company may need significantly more resources than the roughly £6.3bn it has previously indicated. - Guardian
Monday newspaper round-up: Zero-hours contracts, Barclays, Asos
(Sharecast News) - Hundreds of thousands of British workers are on zero-hours contracts despite being with the same employer for years, according to analysis from the TUC. The majority of zero-hours contract workers have been with their employer for more than 12 months, while one in eight have not been granted regular employment rights after more than a decade working in the same place, the organisation said. - Guardian
Friday newspaper round-up: Apple, Daily Mail, OpenAI, Homebase
(Sharecast News) - Apple slightly beat analysts' expectations in its first-quarter earnings for fiscal year 2025 on Thursday. The iPhone-maker's revenue rose by 4%, coming in at $124.30bn, barely above estimates of $124.12bn. Earnings per share were $2.40, just ahead of analysts' expectations of $2.35. Shares rose more than 8% in extended trading after CEO Tim Cook indicated in an earnings call on Thursday that Apple is on the trajectory for revenue growth next quarter. - 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.