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: Housing market, Tata Steel, electric cars

(Sharecast News) - The housing market has had some "respite" in recent weeks as activity picked up amid easing mortgage rates after a challenging 2023, according to surveyors. Inquiries from new buyers are approaching a flatter trend, after falling in recent months, according to the December report from the Royal Institution of Chartered Surveyors (Rics). - Guardian Concern is mounting that Tata Steel will confirm plans to shut down much of its production at the Port Talbot steelworks during a crunch meeting with trade unions, putting thousands of jobs at risk. Three sources said they believed that Tata, owned by the Indian billionaire Ruia brothers, was on the brink of confirming plans to close Port Talbot's two blast furnaces, ending more than a century of making steel from scratch in south Wales. - Guardian

Electric cars lose as much as half of their value after just three years on the road, new figures show, as the rate of depreciation far outstrips conventional equivalents. Research from Auto Trader said there were "unsustainable levels of depreciation" in the electric car market, with used prices of battery-powered vehicles dropping by 23pc in the last year alone. - Telegraph

Chinese brands will launch a price war and will capture a sixth of the UK electric car market by 2030, according to Auto Trader. With BYD, China's largest electric car manufacturer, having overtaken Tesla as the world leader in zero-emission vehicles and with Shanghai Automotive's MG brand already out-selling Volkswagen and BMW in the segment in Britain, a new order is coming, according to the online car-buying platform's latest The Road to 2030 report. - The Times

Britons doubled their spending on bowling in December compared with the same month a year ago, according to Lloyds Bank. People also spent more on booking holidays last month, with demand for cruises up by more than a quarter compared with December 2022, the high street lender said. - The Times

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.