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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: Entain, Invesco, Deltic Energy

Wed 12 Jun 2024 07:21

(Sharecast News) - The owner of South West Water has warned that global heating will increase the risk of outbreaks of the parasite that caused diarrhoea and vomiting in south Devon. Pennon Group said that "gradual and significant increasing average and high temperatures" could pose "risks to water quality and water treatment" - including the cryptosporidium parasite - in its annual report, published this week. - Guardian Investors could seek more than £100m in compensation from the owner of Ladbrokes and Coral for failure to update them on issues with bribery and corruption at the group's former Turkish operation. The planned action, led by the legal firm Fox Williams, follows Entain's agreement to pay almost £600m - one of the largest financial penalties ever imposed in the UK - in a deal with HM Revenue and Customs finalised in December 2023 after an investigation into alleged bribery. - Guardian

An investment team formerly run by Neil Woodford is being disbanded amid flagging interest in London-listed shares. Invesco is to close its dedicated UK stock-picking unit and merge it with its European division from January. The teams are being merged as investor interest in British stocks wanes. Money in the Invesco UK Equity Income and High Income funds has shrunk to £6.86bn, compared to £33bn when Mr Woodfood oversaw them. - Telegraph

An oil and gas company run by a Labour campaigner has blamed "negative political rhetoric" for its decision to abandon work on one of the most significant discoveries in the North Sea. Deltic Energy on Tuesday blamed "deteriorating sentiment towards the oil and gas industry as a result of ongoing fiscal volatility and negative political rhetoric in the run-up to the July election" for its decision to walk away from the Pensacola field. - Telegraph

Banana firm Chiquita Brands has been ordered to pay $38.3m (£30m) to 16 family members of people killed by a right-wing paramilitary group it funded during Colombia's long civil war. The decision by a federal jury in Florida marks the first time the company has been found liable in any of a number of similar lawsuits pending elsewhere in the US. - Sky News

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Thu 09 Jul 2026 07:17
Thursday newspaper round-up: UK vets, Sizewell B, Terry Smith
(Sharecast News) - UK vets may have to have a licence and cap prescriptions for pet medicine at £21 under plans being considered by the government. Ministers are also considering establishing a regulator for the veterinary sector, including inspections, a mandatory licensing system and published compliance reports to improve accountability and choice. Every vet practice could need an official operating licence - similar to GP surgeries and care homes - under proposals in a white paper. - Guardian
Wed 08 Jul 2026 07:27
Wednesday newspaper round-up: Regional income divide, John Lewis, mortgages
(Sharecast News) - Britain's deep regional income divide has barely changed in 30 years despite the promises of successive governments to narrow the gap, according to a report showing the challenge for Andy Burnham. As the prime minister-in-waiting prepares for government, the Resolution Foundation said almost no progress had been made since 1997 to tackle stark divisions in household income, before housing costs are taken into account, between the richest and poorest parts of the country. - Guardian
Tue 07 Jul 2026 07:17
Tuesday newspaper round-up: Gambling customers, student loan repayments, Russian bankruptcies
(Sharecast News) - The Scottish government is about to consider a sweeping moratorium on building new datacentres, putting a key plank of the UK's AI strategy at risk. Last Sunday the Scottish National party (SNP)'s national council passed a motion to freeze all new datacentres in Scotland. That motion has been sent to the Scottish government to consider. It could apply to all datacentre projects that have not yet received planning permission - although its exact implementation is up to the Scottish government to decide. - Guardian
Mon 06 Jul 2026 07:12
Monday newspaper round-up: Affordable housing, mobile coverage, unemployment
(Sharecast News) - Half of all affordable housing supply in rural England could be under threat under plans being considered by ministers to relax regulations for private housing developers, according to analysis. The government has proposed ending affordable housing quotas - known as section 106 agreements - for new developments of between 10 and 49 houses in an effort to jumpstart sluggish housebuilding rates. Ministers are due to make a final decision within weeks on whether developers should be allowed to make cash payments to local authorities instead. - Guardian

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