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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.

Wednesday newspaper round-up: Avanti West Coast, Twitter, FTSE reshuffle

Wed 30 Nov 2022 07:18

(Sharecast News) - Labour has called on ministers to claw back £12m in dividends paid by Avanti West Coast to its shareholders last year, when it was subsidised by £343m by the taxpayer. Figures released by the rail watchdog on Tuesday showed that Avanti paid out £12m in 2021-22 from management and performance fees. - Guardian Subsidising the railways has cost British households £1,800 each over the past six years, new figures show. Taxpayers have been forced to inject £50.4bn to prop up the railways since 2016/17 as fare income is not enough to balance the books. Figures released by regulator the Office of Rail and Road (ORR) on Tuesday showed Government funding was £13.3bn in the year to March 2022, compared with £17.6bn in the previous year. - Telegraph

Republican rising star Ron DeSantis has warned Apple that banning Twitter from the iPhone would be a "huge mistake" as a row rages over free speech on the social network. The Florida governor, seen as a leading contender for the presidency in 2024, on Tuesday praised changes pushed through at Twitter by Elon Musk, including the end of bans for right-wing politicians such as Donald Trump. - Telegraph

Three companies look set to be promoted to the FTSE 100 next month, including what would be a blue-chip debut for the insurer Beazley, although Abrdn now looks likely to miss out. The fund manager had seemed set for a swift re-entry to the top tier of the London Stock Exchange, having been demoted at the reshuffle in September. - The Times

The government has repeated its goal of making the UK a global cryptocurrency hub even as the fallout from the FTX collapse continues to reverberate around the world. Andrew Griffith, economic secretary to the Treasury and City minister, said he stood by that ambition, although he placed the emphasis on fiat-backed stable coins rather than the more volatile privately-created crypto assets. - The Times

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(Sharecast News) - A top UK regulator has launched an investigation into how it handled a whistleblower - who highlighted alleged ties between the late sex offender Jeffrey Epstein and the US commerce secretary, Howard Lutnick - after he took his own life. The British banker Simon Andriesz died late last month aged 57, the campaign group Transparency Task Force, of which he was a member, confirmed over the weekend. - Guardian
Mon 05 Oct 2026 07:10
Monday newspaper round-up: North Sea strikes, BT/TalkTalk, bank taxes
(Sharecast News) - A looming strike by oil workers in the North Sea could "severely disrupt" UK fuel supplies, the Unite union has said, adding that staff were left with no choice after a breakdown in pay talks with the Texas oil company Apache. The union said Apache workers had "emphatically" backed strike action after being given what it said was an unacceptable pay offer that amounted to a real-terms pay cut for many employees, at a time when the company was "raking in eye-watering profits". - Guardian
Fri 02 Oct 2026 07:06
Friday newspaper round-up: BBC, airlines, OpenAI
(Sharecast News) - The BBC has started a redundancy process in its TV and streaming division, heightening staff fears that Matt Brittin will announce the closure of the poorly performing BBC Three and BBC Scotland channels next week. The corporation's director general, who has repeatedly said that linear TV and radio services may have to shut as audiences move online, is expected to inform staff on Wednesday of the latest stage of a plan to save £500m and shed up to 2,000 jobs. - Guardian
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Thursday newspaper round-up: New oil and gas projects, Micron, ElevenLabs
(Sharecast News) - An internal watchdog said the Federal Reserve mismanaged costs associated with a $2.4bn renovation of its Washington DC headquarters, but noted that no criminal violations occurred, according to a report released on Wednesday. For over a year, Donald Trump has centered his attacks against the Fed and former chair Jerome Powell around the renovations, including a months-long Department of Justice criminal investigation that was dropped in April. - Guardian

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