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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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Mon 13 Jul 2026 07:13
Monday newspaper round-up: Pub sector, Eurostar, war bonds
(Sharecast News) - The beleaguered pub sector is getting a boost from England's World Cup run, with some landlords reporting roaring sales as anticipation builds for a bumper night on Wednesday for the semi-final clash with Argentina. Lisa Mayall, the manager of the British Oak in Kingswinford near Dudley in the West Midlands, was jubilant after England's 2-1 win against Norway on Saturday night and brisk takings at the pub's till. She expects hundreds more customers for the team's next game at 8pm BST. - Guardian
Fri 10 Jul 2026 07:16
Friday newspaper round-up: Nigel Farage, diesel prices, Kraken Technology
(Sharecast News) - Chancellor Rachel Reeves is to announce a new City "skills compact" that will commit firms such as Barclays and Lloyds to retraining thousands of financial sector workers for the AI revolution. The financial services skills compact will be launched on Tuesday, during what is likely to be Reeves's final Mansion House speech to City bosses before Andy Burnham's expected takeover of No 10. The government-backed initiative will commit employers to improving workers' skills and helping them "keep pace" with significant technological changes that have prompted fears of mass redundancies. - Guardian
Thu 09 Jul 2026 07:17
Thursday newspaper round-up: UK vets, Sizewell B, Terry Smith
(Sharecast News) - UK vets may have to have a licence and cap prescriptions for pet medicine at £21 under plans being considered by the government. Ministers are also considering establishing a regulator for the veterinary sector, including inspections, a mandatory licensing system and published compliance reports to improve accountability and choice. Every vet practice could need an official operating licence - similar to GP surgeries and care homes - under proposals in a white paper. - Guardian
Wed 08 Jul 2026 07:27
Wednesday newspaper round-up: Regional income divide, John Lewis, mortgages
(Sharecast News) - Britain's deep regional income divide has barely changed in 30 years despite the promises of successive governments to narrow the gap, according to a report showing the challenge for Andy Burnham. As the prime minister-in-waiting prepares for government, the Resolution Foundation said almost no progress had been made since 1997 to tackle stark divisions in household income, before housing costs are taken into account, between the richest and poorest parts of the country. - Guardian

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