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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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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
Tue 27 Oct 2026 07:12
Tuesday newspaper round-up: Shop price inflation, Microsoft, Helsing
(Sharecast News) - Shop price inflation has risen to the highest level in two and a half years, according to the British Retail Consortium, which warned that "the dam is starting to break" when it comes to retailers trying to limit price rises for customers. The lobby group said shop price inflation was 2.1% year on year in October, a sharp rise compared with 1.4% in September, and an indication that retailers were beginning to pass on the rising costs of energy and food ingredients since the Middle East conflict broke out. - Guardian

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