Skip Header
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: Prepayment meters, The Telegraph, Vertical Aerospace

(Sharecast News) - London is capturing an ever-bigger share of the UK's record service sector exports and government action is needed to ensure other big cities keep pace with the capital, a report says. The Resolution Foundation said London accounted for almost half of the UK's service sector exports, with its share of the total rising from 38% to 46% between 2016 and 2021. - Guardian More than 2 million people across the UK will be cut off from their gas and electricity this winter because they cannot afford to top up their prepayment meters, according to Citizens Advice. The charity said it had made the estimate for what is expected to be its busiest winter ever for helping people who cannot afford to top up, after last year 1.7 million people were disconnected at least once a month. About 800,000 people went more than 24 hours without gas and electricity, unable to make a hot meal or take a warm shower, because they could not afford to top up. - Guardian

The leader of the Abu Dhabi-backed bid for The Telegraph has attended a Conservative networking lunch alongside the Prime Minister and the Culture Secretary, as they prepare to decide whether the takeover can go ahead. Jeff Zucker, the head of RedBird IMI and former CNN chief, was among guests at the Conservative Friends of Israel's annual business lunch at the InterContinental Park Lane in London. - Telegraph

Vertical Aerospace, the electric flying taxi business, has been handed $50 million by its founder to keep it airborne. Stephen Fitzpatrick, the Northern Irish entrepreneur who is behind the household supplier Ovo Energy, will inject $25 million of equity capital in the first instance at $10 a share, with a further $25 million by the end of July at an undetermined price. This will be reduced if the company secures equity funding from alternative sources. - The Times

A start-up that can clone people's voices has been valued at more than $1 billion in its latest funding round, with investment from Silicon Valley stalwarts including Andreessen Horowitz and Sequoia Capital. ElevenLabs uses artificial intelligence to convert written words into speech that sounds as if it is being read by real voices and "renders human intonation and inflections with unrivalled fidelity", according to the business. - The Times

Share this article

Related Sharecast Articles

Sunday newspaper round-up: Middle East, Aston Martin, Defence
(Sharecast News) - Britons must accept that their country was now involved in the Middle East conflict, Tobias Ellwood said. The former defence minister warned that "nobody was in full control" of the growing conflict as more and more countries were sucked in. Ellwood also said that Tehran's strike had taken the conflict into a "new dangerous territory". - Sunday Telegraph
Friday newspaper round-up: Everton, AstraZeneca, Amazon
(Sharecast News) - Everton has paid about £30m in interest charges to an opaque lender associated with a tax exile, corporate records suggest. The charges appear to have reached about £438,000 a week, according to the troubled Premier League club's most recent set of accounts, a figure more than three times the reported wages of the Everton and England goalkeeper Jordan Pickford. - Guardian
Thursday newspaper round-up: Border controls, McKinsey, KPMG
(Sharecast News) - New post-Brexit UK border controls coming into force later this month will cost British businesses £2bn and fuel higher inflation, according to a report warning that UK-EU trade will be damaged as a result. With less than a month before the introduction of new checks on animal and plant products from 30 April, the insurer Allianz Trade said the controls agreed under Boris Johnson's Brexit deal could add 10% to import costs over the first year. - Guardian
Wednesday newspaper round-up: Shoplifting, EnQuest, Klarna
(Sharecast News) - The government is investing more than £55m in expanding facial recognition systems - including vans that will scan crowded high streets - as part of a renewed crackdown on shoplifting. The scheme was announced alongside plans for tougher punishments for serial or abusive shoplifters in England and Wales, including being forced to wear a tag to ensure they do not revisit the scene of their crime, under a new standalone criminal offence of assaulting a retail worker. - 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.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.