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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: Mortgage reforms, JLR, Crispin Odey

(Sharecast News) - The UK spends less on low-carbon energy policy than any other major European economy, analysis has shown, despite evidence that such spending could lower household bills and increase economic growth more than the tax cuts the government has planned. Spending on low-carbon measures for the three years from April 2020 to the end of April 2023 was about $33.3bn (£26.2bn) in total for the UK, the lowest out of the top five European economies, according to an analysis by Greenpeace of data from the International Energy Agency. - Guardian Mortgage reforms introduced after the 2008 banking crisis have "tilted too far" in support of financial stability to the point that first-time buyers are being excluded from the housing market, building societies have warned. A report commissioned by the Building Societies Association has called for an overhaul of affordability and repayment rules, which they say have contributed to a steady decline in first-time buyer mortgages since the mid-2000s. - Guardian

A group of former Twitter executives have launched a legal battle against Elon Musk over claims they are owed $128m (£100m) in severance pay. Those suing the Tesla billionaire, who bought Twitter for $44bn in October 2022 before renaming it X, include ex-chief executive Parag Agrawal and former finance boss Ned Segal. - Telegraph

The Indian owner of Jaguar Land Rover (JLR) is to spin off its car division as it prepares for a future built around electric vehicles (EVs). Tata Motors on Monday said the demerger will see its existing auto business effectively divided between passenger cars and commercial vehicles. The former will focus on EVs while the latter will produce larger vehicles such as trucks and buses. - Telegraph

The boss of Marks & Spencer has branded the inflation-linked increase to commercial property taxes as "economically illiterate" in a last-ditch effort to persuade the government to make a U-turn before this week's budget. Stuart Machin, chief executive of the food-to-fashion retailer, said the government needed to do more to understand the importance of the retail sector as existing policy "makes being an employer of people and running stores really hard". - The Times

Crispin Odey has ignited speculation that he may try to stage a return to the investment industry after the implosion of the disgraced hedge fund manager's firm amid allegations of sexual misconduct. Accounts for Odey Asset Management Group Limited, a holding company that counts Odey, 65, as its only director, said it was "currently exploring alternative business opportunities". - The Times

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Thursday newspaper round-up: CMA, Riverford, Lloyds, Arm Holdings
(Sharecast News) - The appointment of the former boss of Amazon UK to lead the competition watchdog poses a threat to its independence and pledge to hold big tech to account, according to a group including tech companies and the former business secretary Vince Cable. The group - which includes the News Media Association, the Firefox developer Mozilla, the consumer group Which? and the Future of Technology Institute - has written to the chancellor, Rachel Reeves, to raise concerns about the appointment of Doug Gurr as the interim chair of the Competition and Markets Authority (CMA). - Guardian
Wednesday newspaper round-up: Thames Water, Johnson & Johnson, BoE
(Sharecast News) - Thames Water may need as much as £10bn in debt and equity investment to repair its finances, according to a representative of creditors hoping to lend the struggling utility another £3bn. London's high court heard evidence on Tuesday that suggested the UK's largest water company may need significantly more resources than the roughly £6.3bn it has previously indicated. - Guardian
Monday newspaper round-up: Zero-hours contracts, Barclays, Asos
(Sharecast News) - Hundreds of thousands of British workers are on zero-hours contracts despite being with the same employer for years, according to analysis from the TUC. The majority of zero-hours contract workers have been with their employer for more than 12 months, while one in eight have not been granted regular employment rights after more than a decade working in the same place, the organisation said. - Guardian
Friday newspaper round-up: Apple, Daily Mail, OpenAI, Homebase
(Sharecast News) - Apple slightly beat analysts' expectations in its first-quarter earnings for fiscal year 2025 on Thursday. The iPhone-maker's revenue rose by 4%, coming in at $124.30bn, barely above estimates of $124.12bn. Earnings per share were $2.40, just ahead of analysts' expectations of $2.35. Shares rose more than 8% in extended trading after CEO Tim Cook indicated in an earnings call on Thursday that Apple is on the trajectory for revenue growth next quarter. - 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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