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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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Mon 02 Nov 2026 07:15
Monday newspaper round-up: Oil companies, mortgage payments, Chery Automobile
(Sharecast News) - The world's biggest oil companies are on track to amass profits of more than $95bn (£71bn) in the third quarter as the war in the Middle East drives up the price of fossil fuels. The windfall war profits have sparked calls for oil corporations such as Saudi Aramco and BP to pay for environmental damage and help the world transition towards renewable energy. - Guardian
Fri 30 Oct 2026 09:33
Friday newspaper round-up: Binance, water bosses, entrepreneurs, Amazon
(Sharecast News) - The amount Britons can earn from a side hustle without paying tax will rise to £3,000 next year in a fillip for those who make extra cash from hobbies or reselling. Up to 1.4 million people could benefit from the change announced in the budget, with the chancellor confirming the tax-free "trading" allowance will increase from £1,000 to £3,000 in April 2027. - Guardian
Thu 29 Oct 2026 07:19
Thursday newspaper round-up: Thames Water, Toblerone, Rolls-Royce
(Sharecast News) - A group of creditors to troubled Thames Water are poised to vote on whether to grant an emergency £2.4bn loan to keep the company afloat, as campaigners raise concerns it could add £40 to each household's bills in interest alone. A consortium of creditors, called London & Valley Water, will vote on Thursday on whether to increase a funding facility for the debt-laden utility company to £5.4bn to keep it operating to autumn 2027. - Guardian
Wed 28 Oct 2026 07:16
Wednesday newspaper round-up: Sizewell plant, Rosebank oilfield, Google
(Sharecast News) - The government's plan to fund a multibillion-pound nuclear plant at the Sizewell site in Suffolk represents a "terrible deal" for the UK taxpayer over the rest of the century, according to the government's spending watchdog. MPs on the public accounts committee (PAC) have warned the government that the cost of the Sizewell C nuclear reactor could spiral to almost £48bn, leaving bill payers on the hook to provide an extra £9.8bn to construct the plant before 2040 and a further £12bn over its 60-year operating life. - Guardian

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