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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: Energy price cap, Palantir, Newport Wafer Fab

Tue 21 Jun 2022 08:14

(Sharecast News) - The energy price cap could reach nearly £3,000 in the Britain at the beginning of October, with the planned increase possibly being more than £1,000 according to a new forecast. It is expected to rise to £2,980.63 for the next period, which runs between October and December, after another spike in wholesale demand prices last week. - Guardian For a company tipped to provide the NHS's new overarching data platform, it is appropriate that Palantir Technologies is named after an all-seeing orb. Palantir, which draws its name from the powerful crystal balls deployed in JRR Tolkien's The Lord of the Rings, is the favourite to win a £360m contract for the NHS's Federated Data Platform (FDP). Covering everything from individual patients' data to vaccination programmes, waiting lists and medical trials, the FDP will aggregate data from multiple sources and different formats on to a single platform. - Guardian

The Bank of England must prop up the pound with a rapid increase in interest rates or risk a further surge in inflation, a senior policymaker has warned. Catherine Mann, a member of the Bank's rate-setting Monetary Policy Committee (MPC), said that Britain is falling behind the US after the Federal Reserve embarked on a vigorous round of rate increases. - Telegraph

The Government could be forced to pay a compensation bill as big as the entire defence budget if a legal challenge launched today over the rejigging of the retail prices index succeeds. Analysts estimate that the Treasury could in theory be forced to pay compensation of as much as £40 billion to holders of index-linked government bonds tied to the RPI if the Government loses. - The Times

The owner of Britain's largest microchip manufacturer has rejected suggestions that it is controlled by China. The takeover of Newport Wafer Fab by Nexperia, a subsidiary of the Chinese smartphone maker Wingtech Technology, is the subject of a national security investigation which could potentially lead to the £63 million takeover being unwound. - The Times

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Monday newspaper round-up: UK productivity, Shein, Poundland
(Sharecast News) - Productivity in the UK - a vital measure of economic health - is growing more strongly than official figures suggest, according to analysis from the Resolution Foundation. The thinktank suggests the chancellor, John Healey, may have inherited an economy finally starting to emerge from the long shadow of the 2008 global financial crisis. Productivity measures the economic output produced by each worker, and is a crucial determinant of growth. - Guardian
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Friday newspaper round-up: Cash stocks, Specsavers, TfL
(Sharecast News) - The number of banknotes in circulation in the EU is increasing despite widespread smartphone payments, new data shows, with wildfires ripping through parts of Europe fuelling demand for an emergency stash of cash. While cash plays second fiddle to contactless payments in many cities across Europe, the amount in circulation is actually going up, Philip Lane, the chief economist of the European Central Bank (ECB), said at the MacGill summer school conference in Ireland. - Guardian
Thu 20 Aug 2026 07:17
Thursday newspaper round-up: US debt, Oxfam, Mark Zuckerberg, KPMG
(Sharecast News) - US debt reached $40tn for the first time on Wednesday, the US treasury department said, after the government deficit doubled over the last decade. The treasury's latest debt balance showed $40.047tn on Tuesday afternoon, the highest in US history. The milestone marks years of government spending that grew under both Donald Trump and Joe Biden. During his first term, Trump approved $8.4tn worth of debt, with a huge chunk going to Covid-19 relief spending, while Biden approved $4.3tn worth of debt, according to the Committee for a Responsible Federal Budget. - Guardian
Wed 19 Aug 2026 07:19
Wednesday newspaper round-up: OpenAI, tariffs, Thames Water, Land Securities
(Sharecast News) - The UK is vulnerable to food price shocks because of its dependence on imports of fruit and vegetable from countries even more exposed to the climate crisis, researchers say. Much of Britain has sweltered under a record five heatwaves this year and endured drought and wildfires, with the hot, dry conditions damaging crops and reducing yields of domestic produce. However, the UK relies on countries under even greater climate pressure for supplies of some of its most popular fresh foods, according to a report from the Food Foundation charity published on Wednesday. - Guardian

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