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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.

Tuesday newspaper round-up: British Airways, Sony, Bulb

(Sharecast News) - British Airways has announced another round of cancellations, axing 10,000 flights to and from Heathrow until the end of March next year as it adapts to the persistent staff shortages that have hit aviation. The carrier's decision to shrink its short-haul timetable by 8% comes after the London airport extended the summer's 100,000 daily cap on passenger numbers by another six weeks until the end of October and asked airlines to sell fewer flights. - Guardian

Sony has been overcharging PlayStation gamers for six years, a new legal claim alleges, and could be forced to pay almost £5bn in damages if the claim succeeds. According to Alex Neill, the consumer champion who has filed the case with the UK's competition appeal tribunal, Sony has been abusing its dominance in the British market to impose unfair terms and conditions on the PlayStation Store, where it sells digital games, downloadable content and subscriptions. - Guardian

Europe's population will halve this century as soaring house prices combined with the fallout from Covid lockdowns force couples to have fewer children. The continent could be home to fewer than 350m people by the end of the 21st century, according to economist James Pomeroy at HSBC, down from more than 700m today. - Telegraph

One of the UK's most promising science-based start-ups has threatened to leave the country over what its boss called political "paralysis" and a lack of clarity in national industrial strategy. Paragraf, a leader in efforts to commercialise graphene for electronic devices, is likely to move its base to the United States because the UK government "just doesn't know what it's doing", according to Simon Thomas, its co-founder and chief executive. - The Times

The taxpayer bill for running Bulb could hit £3 billion by the spring because of the government's "crazy" decision not to buy energy in advance for the failed supplier. A fresh surge in wholesale energy prices means that government-backed administrators running Bulb will have to buy gas and electricity at far higher costs than they are allowed to charge customers under the energy price cap. - The Times

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Monday newspaper round-up: Job vacancies, Mike Ashley, John Lewis Partnership
(Sharecast News) - Rachel Reeves plans to end the UK's "fractious" post-Brexit accord with the EU, a relationship she said had been defined by "division and chaos", by promising closer ties in the first speech by a UK chancellor to eurozone finance ministers since 2020. Reeves will say she wants to adopt a "business-like" approach through an "economic reset" with the EU, offering the goal of driving up trade and growth. - Guardian
Sunday newspaper round-up: Al-Assad, Argentina, Aviva
(Sharecast News) - Syrian President Bashar al-Assad's regime appeared to collapse on Sunday morning, after rebels entered the capital Damascus. Assad's whereabouts are not clear but Moscow or Tehran are possibilities. One source told Reuters that Assad's plane disappeared off the radar when it was headed towards the country's coastal region. It made an abrupt turn before vanishing from the map. The pilot may have turned off the transponder but it's more likely that it was shot down. - Sunday Times
Friday newspaper round-up: Boeing, Boohoo, nuclear power stations
(Sharecast News) - Ten years ago, marketing executives at Britain's biggest supermarket had a brainwave: might slashing the price of basic vegetables tempt shoppers to do their Christmas shop with them? Tesco, under chief executive Dave Lewis, was trying to revive a business reeling after falling sales, five profit warnings and an accounting scandal. That promotion in December 2014, dubbed its Festive Five, offered bags of carrots, potatoes, brussels sprouts, parsnips and a cauliflower for 49p each. - Guardian
Thursday newspaper round-up: Airbus, Boohoo, Home Reit
(Sharecast News) - Ministers are considering renationalising British Steel in a last-ditch attempt to save thousands of jobs, amid a standoff between the government and the company's Chinese owners over a £1bn investment. Jonathan Reynolds, the business secretary, is locked in talks with British Steel and its owner, Jingye, to agree how much each party should put into a rescue plan for its main Scunthorpe site. - 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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