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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: Energy price cap, Twitter, GB Group

Wed 05 Oct 2022 07:07

(Sharecast News) - Liz Truss's intervention to freeze energy prices for households for two years is expected to cost the government £89bn, according to the first major costing of the policy by the sector's leading consultancy. The analysis from Cornwall Insight, seen exclusively by the Guardian, shows the prime minister's plan to tackle the cost of living crisis could cost as much as £140bn in a worst-case scenario. - Guardian Elon Musk has offered to complete his proposed $44bn (£38bn) acquisition of Twitter in a dramatic U-turn on his decision to walk away from the deal. Lawyers for Musk confirmed in a court filing on Tuesday that the world's richest man is prepared to push ahead with the transaction on the agreed terms following months of legal drama. - Guardian

Crispin Odey has made returns of almost 200pc so far this year as market turmoil and a slump in the pound boosted gains at his hedge fund. The Tory donor, who was a vocal backer of the Brexit campaign, last week declared that government bonds were "the gift that keeps on giving" after prices plunged. He has previously bet that the pound would slide against the dollar, while also shorting gilts. - Telegraph

The Bank of England chose not to buy any bonds yesterday under its emergency two-week operation to calm gilt markets, turning down offers from traders looking to sell £2.2 billion of debt. Having bought only £22 million of UK government bonds on Monday, the latest lack of intervention suggests that the Bank has so far succeeded in halting a dramatic sell-off without having to spend anywhere near what it had originally set aside. - The Times

Shares in GB Group dropped to a one-month low after the American private equity group GTCR said it would not proceed with a potential takeover bid. The company, one of the world's biggest providers of fraud prevention software, confirmed that talks with Chicago-based GTCR had ended because an agreement "could not be reached on terms". - The Times

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Tue 03 Nov 2026 07:13
Tuesday newspaper round-up: Poundland staff, Apple, Anthropic
(Sharecast News) - The founder of Poundland has warned that staff at the retailer could be out of work for "years" if it collapses, as he called on the owners of the troubled chain to accept a proposed buyout deal. Steve Smith, who set up the firm with a store in Burton upon Trent in 1990, said: "Once these jobs are lost, they are lost" from Britain's struggling high streets. His warning comes as the chain's 12,000 employees face uncertainty over their future in the run-up to Christmas. - Guardian
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

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