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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: 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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Tuesday newspaper round-up: FCA, housebuilders, Panmure Liberum
(Sharecast News) - A top UK regulator has launched an investigation into how it handled a whistleblower - who highlighted alleged ties between the late sex offender Jeffrey Epstein and the US commerce secretary, Howard Lutnick - after he took his own life. The British banker Simon Andriesz died late last month aged 57, the campaign group Transparency Task Force, of which he was a member, confirmed over the weekend. - Guardian
Monday newspaper round-up: North Sea strikes, BT/TalkTalk, bank taxes
(Sharecast News) - A looming strike by oil workers in the North Sea could "severely disrupt" UK fuel supplies, the Unite union has said, adding that staff were left with no choice after a breakdown in pay talks with the Texas oil company Apache. The union said Apache workers had "emphatically" backed strike action after being given what it said was an unacceptable pay offer that amounted to a real-terms pay cut for many employees, at a time when the company was "raking in eye-watering profits". - Guardian
Friday newspaper round-up: BBC, airlines, OpenAI
(Sharecast News) - The BBC has started a redundancy process in its TV and streaming division, heightening staff fears that Matt Brittin will announce the closure of the poorly performing BBC Three and BBC Scotland channels next week. The corporation's director general, who has repeatedly said that linear TV and radio services may have to shut as audiences move online, is expected to inform staff on Wednesday of the latest stage of a plan to save £500m and shed up to 2,000 jobs. - Guardian
Thursday newspaper round-up: New oil and gas projects, Micron, ElevenLabs
(Sharecast News) - An internal watchdog said the Federal Reserve mismanaged costs associated with a $2.4bn renovation of its Washington DC headquarters, but noted that no criminal violations occurred, according to a report released on Wednesday. For over a year, Donald Trump has centered his attacks against the Fed and former chair Jerome Powell around the renovations, including a months-long Department of Justice criminal investigation that was dropped in April. - 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.