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.
(Sharecast News) - Andy Burnham must avoid another "summer of speculation" on tax and spend that would spook British business, the chief executive of the CBI has warned. As Burnham prepares to take up the Labour leadership on Friday, with a new cabinet to be announced on Monday, Rain Newton-Smith urged him to tread carefully. - Guardian
SpaceX shares dropped below their initial public offering price for the first time on Wednesday, just over a month after the rockets-to-AI firm completed the biggest IPO ever and made Elon Musk the world's first trillionaire. The shares slid 1.5% to $134, falling below the $135 IPO price and well below last month's high that briefly propelled the company's market valuation above those of Silicon Valley giants Microsoft and Amazon, firms with longer public track records and stronger financial results. - Guardian
Builders have accused Ed Miliband of forcing them to install solar panels on houses even when they do not receive any sun. Under the Energy Secretary's Future Homes Standard, the Government mandates that solar panels on roofs should cover 40pc of the ground-floor area of each new-build house. The rule forms part of a push to ensure new houses emit 75pc less carbon than older properties. It will apply to homes built from March 2028 in buildings measuring under 18 metres. - Telegraph
Britain's biggest pub group is facing an investigation into claims that it has been failing to properly repair run-down sites. The Pubs Code Adjudicator, the industry watchdog, has launched an investigation into Stonegate to determine whether it was providing new tenants with accurate information about potential repairs and the financial prospects of pubs. - Telegraph
The owners of Utmost are planning a £2.5 billion float of the wealth business as soon as September in a potential fillip for London's moribund listings market. City sources have told The Times that advisers to Utmost, which is controlled by Oaktree Capital Management, the American investment group, are in the advanced stages of preparing for an initial public offering. - The Times
