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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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Thu 08 Oct 2026 07:18
Thursday newspaper round-up: Live petrol prices, Lotus, Taylor Wimpey
(Sharecast News) - Drivers will be able to see live petrol prices on Google Maps for the first time from Thursday, in a move that will help motorists shop around for the cheapest fuel. Millions of motorists will be able to find the cheapest petrol and diesel prices by searching for a local forecourt in the Google app, in what could prove to be "a major development" in making fuel prices more fair, according to campaigners. - Guardian
Wed 07 Oct 2026 07:23
Wednesday newspaper round-up: Energy bills, O2 , BT/TalkTalk, Meta
(Sharecast News) - John Healey is planning a major intervention to cut energy bills for poorer households in this month's budget, after ministers became alarmed at forecasts that show bills rising by hundreds of pounds in January. The chancellor is working on plans to spend more than £1bn to help energy consumers, the bulk of which is likely to go towards increasing the discount given to households on certain benefits. - Guardian
Tue 06 Oct 2026 07:20
Tuesday newspaper round-up: FCA, housebuilders, Panmure Liberum
(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

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