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Tuesday newspaper round-up: Mark Zuckerberg, BoE, electric car batteries

(Sharecast News) - Washington DC's attorney general has sued Mark Zuckerberg, seeking to hold the Facebook co-founder personally responsible for his alleged role in allowing the political consultancy Cambridge Analytica to harvest the personal data of millions of Americans during the 2016 election cycle. The suit, filed in the capital by the District of Columbia attorney general, Karl Racine, alleges that Zuckerberg directly participated in policies that allowed Cambridge Analytica to gather the personal data of US voters without their knowledge in an attempt to help Donald Trump's election campaign. - Guardian The Bank of England will be forced to continue home working if it wants to hire more staff despite the "benefits" of face-to-face conversations, Andrew Bailey has said. The Governor warned the Bank could struggle to recruit if it refuses to let employees work from home, but said he wanted more of them to come into the office. - Telegraph

The cost of electric car batteries will surge 15pc if metal prices remain high, in a blow to millions of consumers seeking to upgrade, the International Energy Agency (IEA) has warned. Supply disruption caused by Russia's war in Ukraine is adding to already surging costs of key components in electric vehicle (EV) batteries, such as nickel and cobalt, forcing manufacturers to pay more or try to find other sources. - Telegraph

A proposed new nuclear power plant in north Wales could cost as much as £17 billion but would be quicker and cheaper to build than EDF's Hinkley Point C in Somerset, according to the American consortium behind the project. Westinghouse, the reactor maker, and Bechtel, the engineering group, hope to win government support and potential taxpayer investment for their plan to build two reactors at Wylfa on Anglesey. - The Times

Almost one in five British workers expect to switch to a new job in the coming year as they seek higher pay. Eighteen per cent said they were very likely to switch to a new employer in the next 12 months, with a desire for a pay rise driving 72 per cent of those employees. More than a quarter, or 27 per cent, plan to ask for more money next year, according to the survey by PwC of about 2,000 UK workers and a further 50,000 from across the world. - The Times

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Monday newspaper round-up: Chipmakers, HS2, Revolut
(Sharecast News) - Shares in chipmakers have surged in the first half of this year as investors piled into companies that make the hardware underpinning the AI boom, according to analysis. Investors have driven up the value of semiconductor and memory chip manufacturers, whose profits have soared during 2026, at the expense of some large software companies, which have fallen out of favour this year. - Guardian
Friday newspaper round-up: Crown estate, UK food and drink exports, Ocado
(Sharecast News) - King Charles's property management company has made more than £1bn for the third consecutive year thanks to the boom in offshore windfarms paid for through energy bills. The crown estate, the royals' portfolio of land and property, reported £1.2bn in profit for the last financial year, almost three times the amount it made three years ago. Two-thirds came from the offshore wind industry. - Guardian
Thursday newspaper round-up: UK graduates, Andy Burnham, Micron Technology
(Sharecast News) - Great Britain's grid operator is expected to pay millions to fire up gas power plants to avoid a rare summer power supply crunch on Wednesday evening as extreme heat puts pressure on the energy system. The National Energy System Operator (Neso) is expected to pay about £10m on Wednesday to secure enough electricity to meet demand as households turn on air conditioners and electric fans, according to industry data. - Guardian
Wednesday newspaper round-up: WH Smith, card payments, BBC News
(Sharecast News) - Small suppliers including the charity Help for Heroes are to lose at least half the money owed to them by the former WH Smith high street chain if a planned restructure is voted through this week. The books to paperclips retailer, which has 450 stores, was bought by the private equity firm Modella Capital last year and rebranded TG Jones. It has said it is likely that it will have to call in administrators if creditors, including shop landlords, do not approve an amended restructuring plan, seen by the Guardian, designed to cut costs in a vote on Wednesday. - Guardian

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