Skip Header
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.

Tuesday newspaper round-up: Big tech, mortgages, Glencore

(Sharecast News) - The UK's City watchdog is to examine how to regulate "big tech" companies such as Apple, Google and Amazon over fears they could harm competition in Britain's financial services sector. The Financial Conduct Authority (FCA) said that big tech companies could provide innovations in financial services and drive down costs, but also expressed concerns that they could build dominant positions leading to the "potential exploitation of market power", according to analysis published on Tuesday. - Guardian The number of low-deposit 95% mortgages on sale has fallen by more than half since last month's scrapped mini-budget, stoking fears that financial uncertainty could lead some banks to scrap the deals that are often the only way first-time buyers with small deposits can own a home. Data from Moneyfacts shows that the number of new 95% mortgages stood at 137 on Monday. - Guardian

Lawyers are to be hit with a £200 penalty if they fly to meetings as part of efforts by one of the country's largest legal firms to cut down on its carbon footprint. Shoosmiths will dock the sum from its communal travel budget if its lawyers choose to hop on a flight, as part of its ambitious plans to reach net zero emissions. - Telegraph

Executives involved in a major bribery scandal at Glencore are to have their identities kept secret as British fraud prosecutors decide whether to charge them. A total of 17 individuals are under investigation and could face criminal charges, according to the Serious Fraud Office (SFO) after the mining titan pleaded guilty to paying more than $28m (£22m) in bribes to gain access to oil cargoes. - Telegraph

City law firms are gearing up for a potential wave of legal disputes after pension funds were forced to sell assets quickly in the wake of the mini-budget. Professional advisers are assessing a range of legal risks arising out of the crisis that engulfed defined-benefit pension schemes, legal sources said. - The Times

Share this article

Related Sharecast Articles

Monday newspaper round-up: Four-day week, UK energy, Apple
(Sharecast News) - Fraudsters may have stolen £500,000 from a taxpayer-funded scheme aimed at accelerating the removal of dangerous cladding from buildings, the public spending watchdog has revealed. The National Audit Office said the government decision to prioritise speed in handing out money to building owners had increased its risk of losses from fraud. The warning came in an NAO report into the government's progress in remediating dangerous cladding from blocks after the Grenfell Tower fire in 2017. - Guardian
Friday newspaper round-up: Boeing, Amazon, Harland & Wolff
(Sharecast News) - Striking Boeing workers will vote on an improved contract offer on Monday, which includes a 38% pay rise over four years and a bigger signing bonus, their union said on Thursday. More than 30,000 factory workers who produce Boeing's strongest-selling 737 Max commercial jet and other planes have been on strike since 13 September and have rejected two earlier offers from Boeing. - Guardian
Thursday newspaper round-up: Lloyds Banking Group, Microsoft, car finance crisis
(Sharecast News) - The former cryptocurrency executive Nishad Singh, who once shared a $35m Bahamas penthouse with the FTX founder, Sam Bankman-Fried, was spared prison time by a judge on Wednesday for his role in the theft by his imprisoned former boss of about $8bn in customer funds from the now bankrupt exchange. The United States district judge Lewis Kaplan imposed the sentence during a hearing in Manhattan federal court. - Guardian
Wednesday newspaper round-up: Starbucks, Santander, Alphabet
(Sharecast News) - Starbucks office workers will risk losing their jobs if they fail to comply with the company's hybrid work requirement that employees are in the office three times a week. According to the Wall Street Journal an internal message sent to employees warns that an "accountability process" will start in January 2025. Consequences for non-compliance are "up to, and including, separation", according to the company message. - 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.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.