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Thursday newspaper round-up: Microsoft, energy price cap, benefits

(Sharecast News) - Microsoft has filed an appeal against the UK competition watchdog's decision to block its $69bn (£56bn) acquisition of the Call of Duty creator Activision Blizzard. The US tech company confirmed that it had formally lodged an appeal against the Competition and Markets Authority (CMA) verdict against the deal last month. Its case will be argued before the Competition Appeal Tribunal (CAT). - Guardian The founder of Monzo has quit London in favour of San Francisco as he said the US was "much more accepting" of tech companies than Britain. Tom Blomfield, who co-founded the banking app in 2015 and left the company in 2021, said Britain was "not always favourable to ambitious founders who want to do something unusual". - Telegraph

Nearly 4 million people are being paid jobless benefits without ever having to look for work following a surge in claims of mental health and joint pain during lockdown. Around 3.7 million of the 5.2 million people currently claiming out of work benefits have been granted an exemption from finding a job, meaning that taxpayers face bankrolling their benefits indefinitely. - Telegraph

Energy bills will fall by 17 per cent to an average of £2,074 a year for a typical household from July, Ofgem has announced. Households have been paying record high prices since October - equivalent to £2,500 a year based on typical usage - under the government's energy price guarantee. - The Times

A lawsuit against the former boss of Barclays alleging that he hid what he knew about Jeffrey Epstein while working at a US bank has been allowed to proceed by a New York judge. Jes Staley, 66, faces a claim that could run to tens of millions of dollars from JP Morgan, the US bank where he filled senior roles between 1999 and 2013, before joining Barclays in 2015. - The Times

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Monday newspaper round-up: Truth Social, TalkTalk, Brunswick
(Sharecast News) - The chancellor, John Healey, has said the government is standing by to prevent the public from "being taken for a ride at the pump or the till" as the Iran war continues to hit prices. While he said there had been "no significant evidence of so-called price gouging" during the crisis, he used a weekend column to tell the big retailers that ministers were "watching closely" for any signs of profiteering. - Guardian
Friday newspaper round-up: Anthropic, JLR, Apple
(Sharecast News) - Anthropic ⁠said on Thursday its AI Claude model hacked ⁠systems of ⁠three organizations during testing, days after rival OpenAI ⁠revealed a rogue agent had gone on a days-long ⁠hacking spree at AI firm Hugging ‌Face. Claude gained ‌unauthorized access to the ‌systems during cybersecurity evaluations after a misconfiguration allowed the models to reach the internet from testing environments that ‌were supposed to be isolated, Anthropic said. - Guardian
Thursday newspaper round-up: Carmakers, worklessness, Macfarlanes
(Sharecast News) - Carmakers are delaying final decisions to invest in UK factories until electric car sales rules are relaxed, according to the head of the British car industry's lobby group. The chief executive of the Society of Motor Manufacturers and Traders (SMMT), Mike Hawes, said those with existing UK operations were considering building new models, but had held back so far. - Guardian
Wednesday newspaper round-up: Apple, Netflix, grid operators
(Sharecast News) - Andy Burnham has been warned by a leading thinktank of "very difficult trade-offs in the next autumn budget" if the Iran war keeps oil prices and inflation high. The National Institute of Economic and Social Research (NIESR) said the new prime minister faced a "challenging inheritance" and his plans to revamp public services would meet severe pressure from persistently higher prices. - Guardian

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