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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

Thu 25 May 2023 07:26

(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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Tue 30 Jun 2026 07:18
Tuesday newspaper round-up: Brompton, TG Jones, housebuilders
(Sharecast News) - The French sports gear retailer Decathlon and a Chinese investment group that was an early backer of Labubu soft toys have bought stakes in the British folding bike maker Brompton, as its boss said the cycling market was recovering from a slump in sales. Decathlon has acquired a 10% stake in the manufacturer while BA Capital has bought 5% in a deal understood to collectively be worth about £18m. - Guardian
Mon 29 Jun 2026 07:00
Monday newspaper round-up: Chipmakers, HS2, Revolut
(Sharecast News) - Shares in chipmakers have surged in the first half of this year as investors piled into companies that make the hardware underpinning the AI boom, according to analysis. Investors have driven up the value of semiconductor and memory chip manufacturers, whose profits have soared during 2026, at the expense of some large software companies, which have fallen out of favour this year. - Guardian
Fri 26 Jun 2026 07:17
Friday newspaper round-up: Crown estate, UK food and drink exports, Ocado
(Sharecast News) - King Charles's property management company has made more than £1bn for the third consecutive year thanks to the boom in offshore windfarms paid for through energy bills. The crown estate, the royals' portfolio of land and property, reported £1.2bn in profit for the last financial year, almost three times the amount it made three years ago. Two-thirds came from the offshore wind industry. - Guardian
Thu 25 Jun 2026 07:20
Thursday newspaper round-up: UK graduates, Andy Burnham, Micron Technology
(Sharecast News) - Great Britain's grid operator is expected to pay millions to fire up gas power plants to avoid a rare summer power supply crunch on Wednesday evening as extreme heat puts pressure on the energy system. The National Energy System Operator (Neso) is expected to pay about £10m on Wednesday to secure enough electricity to meet demand as households turn on air conditioners and electric fans, according to industry data. - Guardian

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