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Tuesday newspaper round-up: Cornwall tin mining, Wise, pension reforms

(Sharecast News) - Tin mining is poised for a comeback in Cornwall after the UK government invested almost £29m to reopen the county's last tin mine, creating more than 1,000 jobs in the region. The South Crofty tin mine, near the Cornish village of Pool, closed in 1998, and in the years since, as tin prices have soared, attempts to reopen it have been unsuccessful. - Guardian The UK online payments company Wise is to move its main stock market listing to the US after shareholders approved the move. Investors in Wise, one of the biggest financial technology businesses in the UK with a market value of about £11bn, voted on Monday in favour of a dual listing in the US in an attempt to attract more investors and boost its value. - Guardian

The billionaire founder of easyJet has been defeated in a long-running copyright legal battle against a charity-fundraising site. Sir Stelios Haji-Ioannou, the tycoon behind easyGroup, last year filed a lawsuit against Easyfundraising, accusing the Staffordshire-based company of copyright infringement. A High Court judge ruled in favour of the fundraising platform, but Sir Stelios mounted an appeal, arguing there were a "number of contradictions" in the judgment. - Telegraph

Millions of workers in their 50s face losing up to £18,000 if the Government accelerates a rise in the state pension age, a leading wealth manager has warned. Rathbones, which manages the savings of older people, said introducing a state retirement age of 68 earlier than planned threatened to hit people aged 51 the hardest, while people aged 52 and 53 would also lose out. - Telegraph

A "house-swapping" trend has emerged in the upper echelons of the London property market. Wealthy non-doms who are making the move to Dubai or Abu Dhabi are selling their multimillion-pound homes to Emiratis wanting a UK base. In the first six months of 2025, £694 million of "super-prime" flats and houses - those valued at £15 million and above - sold in London, according to data from Beauchamp Estates, the high-end estate agent, and LonRes, the property data provider. - 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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