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Tuesday newspaper round-up: Telegraph, UK offices, China

(Sharecast News) - The Treasury has sought to defuse a bitter row with the North Sea oil and gas industry by promising to keep investment reliefs on low-carbon projects, aiming to protect jobs and soften the expansion of the energy windfall tax. The chancellor, Rachel Reeves, said last month that she would expand the levy on energy industry profits as part of her plan to plug a £22bn "hole" in the public finances that Labour said had been left by the previous Conservative government. - Guardian The UK's biggest housing association has been fined after a watchdog found that its failure to carry out repairs to a child's bedroom window for four years left the home mouldy and caused serious illness in the family that lived there. Clarion housing association showed "no urgency" to fix the window, instead leaving it boarded up, despite repeated complaints from the tenant who said the mould caused his asthma to flare up and affected his son's mental health. - Guardian

Boris Johnson has held talks about a role at The Telegraph as part of former Tory chancellor Nadhim Zahawi's takeover bid. The former prime minister had informal discussions with Mr Zahawi, who is assembling a consortium to buy The Telegraph as part of an auction process, about a possible job if he is successful. - Telegraph

Offices in the UK are selling for almost a fifth less than what their owners were hoping they would fetch, the biggest discount since the global financial crisis 15 years ago. In a sign of how tepid demand is, especially for older and less eco-friendly blocks, buyers of offices this year have on average paid 18 per cent less than the asking price, data from CoStar, the property analytics group, shows. - The Times

Investors pulled a record amount of cash out of China in the second quarter of this year amid concerns about the health of the world's second-largest economy, official data showed. In the three months to June, outflows of investor capital from China reached $15 billion, according to balance of payments figures published by the State Administration of Foreign Exchange last Friday. The numbers were first reported by Bloomberg. - 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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