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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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Wednesday newspaper round-up: News Corp, BBC, Asda
(Sharecast News) - News Corp's global chief executive has described news organisations as a valuable "input" for artificial intelligence, as the media empire signs an AI content licensing deal with Meta worth up to US$50m (A$71m) a year. In an upbeat presentation, the chief executive of Rupert Murdoch's company, Robert Thomson, said the "reliable" breaking news and information in publications like the Australian, the Times of London and Dow Jones was "hard to beat" as an "input" for AI. - Guardian
Tuesday newspaper round-up: Anthropic's Claude, BrewDog, energy bills
(Sharecast News) - The AI model Claude has surged in popularity after being blacklisted by the Pentagon last week over ethics concerns. Claude climbed to the No 1 spot on Apple's chart of top free apps on Saturday in the US - dethroning OpenAI's ChatGPT, just one day after the Pentagon tapped OpenAI to supply AI to classified military networks. The bot's app climbed the iPhone app charts in the UK but did not beat out ChatGPT. Claude also raced up the Android charts in the US and UK, though ChatGPT reigned supreme, according to data from Sensor Tower. - Guardian
Monday newspaper round-up: OBR, Rolls-Royce, small businesses
(Sharecast News) - Rachel Reeves must reform the Office for Budget Responsibility (OBR) to open the way to more public investment, an alliance of thinktanks has argued ahead of the chancellor's spring forecast on Tuesday. With Keir Starmer's government under intense pressure after Labour's defeat by the Greens in Thursday's Gorton and Denton byelection, the thinktanks called on Reeves to review the watchdog's remit. - Guardian
Friday newspaper round-up: Mandelson, social media, Lloyds
(Sharecast News) - Peter Mandelson is facing an inquiry by the EU's anti-fraud agency after the European Commission requested the body look into his activities during his time as trade commissioner in Brussels. The commission said it referred the peer, 72, to the European Anti-Fraud Office, known as Olaf, last week after the US Department of Justice released documents allegedly showing he shared sensitive government information with sex offender Jeffrey Epstein. - 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.

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