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Wednesday newspaper round-up: Telecoms providers, redundancy capital, Telegraph

(Sharecast News) - A Tory MP who accused the gambling regulator of being too "heavy handed" has received more than £8,000 in hospitality and payments from the betting industry this year, including tickets to see Madonna. Craig Whittaker, the MP for Calder Valley in West Yorkshire, criticised the Gambling Commission in an article for the Conservative Home website last week. - Guardian The UK's biggest telecoms providers are lining up above-inflation price increases for broadband and mobile customers that will add almost £500m to consumers' bills from next spring, according to a new estimate. BT, EE, Vodafone, Virgin Media O2 and TalkTalk are to increase bills for more than 22 million broadband and mobile phone customers under "mid-contract" price rise clauses from April and May next year. - Guardian

A downturn in tech and construction has made London the redundancy capital of Britain, new data shows. One in six companies is planning to cut staff as the jobs market there is disproportionately hit by slumps in retail, housebuilding and IT, according to the Recruitment and Employment Confederation (REC). - Telegraph

An anti-greenwashing rule intended to stop fund managers from misleading investors with unsubstantiated environmental claims has been put back by six months. The Financial Conduct Authority (FCA) revealed the new regime would now be implemented on May 31 next year and not immediately as previously planned. - The Times

More than two thirds of subscribers to The Daily Telegraph have said they would be less likely to read the newspaper if it is taken over by an Abu Dhabi-backed group, according to a survey highlighting the risks to the publication from its possible change of ownership. A YouGov poll of more than 500 adults found that 69 per cent of those who had a subscription, and 64 per cent who were readers, were either "a bit" or "much" less likely to continue to pick the paper if it is backed by Sheikh Mansour bin Zayed al-Nahyan of Abu Dhabi. This rose to 76 per cent of subscribers and readers when the United Arab Emirates' history of censorship was highlighted to survey respondents. - The Times

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Thursday newspaper round-up: CMA, Riverford, Lloyds, Arm Holdings
(Sharecast News) - The appointment of the former boss of Amazon UK to lead the competition watchdog poses a threat to its independence and pledge to hold big tech to account, according to a group including tech companies and the former business secretary Vince Cable. The group - which includes the News Media Association, the Firefox developer Mozilla, the consumer group Which? and the Future of Technology Institute - has written to the chancellor, Rachel Reeves, to raise concerns about the appointment of Doug Gurr as the interim chair of the Competition and Markets Authority (CMA). - Guardian
Wednesday newspaper round-up: Thames Water, Johnson & Johnson, BoE
(Sharecast News) - Thames Water may need as much as £10bn in debt and equity investment to repair its finances, according to a representative of creditors hoping to lend the struggling utility another £3bn. London's high court heard evidence on Tuesday that suggested the UK's largest water company may need significantly more resources than the roughly £6.3bn it has previously indicated. - Guardian
Monday newspaper round-up: Zero-hours contracts, Barclays, Asos
(Sharecast News) - Hundreds of thousands of British workers are on zero-hours contracts despite being with the same employer for years, according to analysis from the TUC. The majority of zero-hours contract workers have been with their employer for more than 12 months, while one in eight have not been granted regular employment rights after more than a decade working in the same place, the organisation said. - Guardian
Friday newspaper round-up: Apple, Daily Mail, OpenAI, Homebase
(Sharecast News) - Apple slightly beat analysts' expectations in its first-quarter earnings for fiscal year 2025 on Thursday. The iPhone-maker's revenue rose by 4%, coming in at $124.30bn, barely above estimates of $124.12bn. Earnings per share were $2.40, just ahead of analysts' expectations of $2.35. Shares rose more than 8% in extended trading after CEO Tim Cook indicated in an earnings call on Thursday that Apple is on the trajectory for revenue growth next quarter. - Guardian

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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