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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: Shein, HMRC, Tesla

(Sharecast News) - Consumer watchdogs from 21 countries have filed a formal complaint to EU authorities about alleged "dark" practices by the Chinese fast fashion firm Shein including the "shaming" of customers into buying more than they can afford. The European Consumer Organisation (BEUC) has submitted a 29-page dossier to the European Commission citing multiple examples of "dark patterns", or deceptive techniques designed to encourage purchases. - Guardian HM Revenue and Customs has lost £47m after a phishing scam breached tens of thousands of tax accounts, a group of MPs has heard. Two senior civil servants at the tax authority told the Treasury committee on Wednesday that 100,000 people had been contacted, or were in the process of being contacted, after their accounts were locked down in what the officials said was an "organised crime" incident that began last year. - Guardian

Britain risks losing its grip on a rival to Elon Musk's Starlink as part of French government rescue efforts to avert a debt crisis at the company. Eutelsat, which owns UK space business OneWeb, has been locked in talks with key shareholders including the French and British governments, as it seeks to raise funds to create a European alternative to Mr Musk's satellite business. - Telegraph

Britain has spent more than £500m on switching off wind farms this year to avoid overloading the creaking power grid. So-called curtailment, where wind farms are switched off because the network is too congested to accept their power, cost grid operators £6m on Tuesday. At the same time, another £10m was paid to gas-fired plants to provide replacement power elsewhere in the system, according to analysis by the Wasted Wind website. - Telegraph

Sales of new Tesla cars in Britain fell more than 45 per cent in May from a year earlier, underscoring the challenges facing Elon Musk as he renews his focus on the electric vehicle maker. The marque's sales declined for a fifth straight month in the UK, Germany and Italy, according to data from the research firm New Automotive. The sales decline in the UK, Europe's biggest EV market, came as industry-wide electric car sales jumped 28 per cent. - The Times

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Thursday newspaper round-up: Youth employment, SpaceX, EY
(Sharecast News) - Britain is slipping down the global league table for youth employment amid a dramatic rise in worklessness that is putting a generation's future at risk, research has warned. Sounding the alarm over a worsening youth jobs crisis, the report from the accountancy firm PwC said Britain's economy was missing out on £26bn a year because of sharp regional divisions in youth joblessness. - Guardian
Wednesday newspaper round-up: UK borrowing costs, Channel 4, Anduril
(Sharecast News) - The "premium" that the UK pays to borrow money compared with its international peers may be coming to an end as markets grow more confident about the government's plans, a thinktank has suggested. The Institute for Public Policy Research (IPPR) said that the chancellor Rachel Reeves's announcement in the autumn budget that she would be more than doubling the UK's financial headroom by 2030 from £9.9bn to £22bn had begun to assure bond markets about Labour's fiscal approach. - Guardian
Tuesday newspaper round-up: household spending, British Library, Jamie Dimon, WPP
(Sharecast News) - UK households cut back on spending at the fastest pace in almost five years last month as consumers put Christmas shopping on hold, according to a leading survey. Adding to concerns that uncertainty surrounding the budget has helped dampen consumer confidence, Barclays said card spending fell 1.1% year on year in November - the largest fall since February 2021. The bank said retailers still enjoyed their busiest day of the year so far on Black Friday, with transaction volumes 62.5% higher than the average day for 2025. - Guardian
Monday newspaper round-up: Neso, local authorities, Anglo American
(Sharecast News) - Britain's energy system operator is pulling the plug on hundreds of electricity generation projects to clear a huge backlog that is stopping "shovel-ready" schemes from connecting to the power grid. Developers will be told on Monday whether their plans will be dismissed by the National Energy System Operator (Neso) - or whether they will be prioritised to connect by either the end of the decade or 2035. - 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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