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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.

Friday newspaper round-up: Elon Musk, Co-op Bank, BP

Fri 25 Feb 2022 07:29

(Sharecast News) - The US Securities and Exchange Commission has reportedly opened an investigation into whether recent stock sales by Tesla CEO Elon Musk and his brother Kimbal Musk violated insider trading rules. The SEC inquiry - first reported by the Wall Street Journal on Thursday - was sparked in part by the Tesla CEO's own tweets. - Guardian The Co-operative Bank has more than tripled its bonus pot for bankers after a "milestone year" that resulted in its first profit in a decade. The ethical lender, which has struggled to turn a profit since 2011, announced it was paying bankers a total of £13.3m in bonuses for 2021, compared with a £4.2m bonus pot shared among its more than 3,200 staff in 2020. - Guardian

BP is under renewed pressure to abandon its stake in the oil giant Rosneft after Boris Johnson said Britain must reduce its reliance on Russian hydrocarbons. The FTSE 100 oil firm has held a 20pc stake in Russia's state-owned gas company Rosneft for 10 years.- Telegraph

Alibaba has recorded its slowest quarterly growth since its listing in New York in 2014 after being hit by rising competition and a slowing Chinese economy. The world's second largest ecommerce business behind Amazon said that its group sales had risen by 10 per cent in the final three months of last year to 242.6 billion yuan (£28.6 billion). - The Times

Leading chip manufacturers have said that they are prepared for any immediate disruption caused by the Russia-Ukraine conflict to the supply of materials used to make the microprocessors that power cars, smartphones and computers. The United States remains highly dependent on the two countries for materials such as palladium and neon. Techcet, a supply chain research company that advises the world's largest semiconductor manufacturers and suppliers, said that Russia accounted for 35 per cent of the palladium imported to America, while Ukraine supplied the majority of neon consumed in the US chip manufacturing sector. - The Times

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Mon 28 Sep 2026 07:09
Monday newspaper round-up: Heathrow, diesel cars, empty homes
(Sharecast News) - Plans for a third runway at Heathrow are once again up in the air after the prime minister refused to say whether he backs the "contested" project which is delayed by up to four years. Over the weekend it emerged that ​Heathrow no longer expects to meet the original 2035 deadline. Instead, the airport hopes to secure planning permission by 2029 and then open the runway "within a decade", meaning it would not be operational until 2039. - Guardian
Fri 25 Sep 2026 07:10
Friday newspaper round-up: Food and drink trade deficit, datacentre project, Meta, Morgan Stanley
(Sharecast News) - The gap between Britain's food and drink exports and imports has neared its highest this century, as a combination of Brexit, war in the Middle East and US tariffs dented deliveries overseas while imports soared. The UK's food and drink trade deficit has risen to more than £21bn - the largest since 2000 - in what industry leaders said was a "wake-up call" for the government to protect homegrown produce in the interest of national security. - Guardian
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Thursday newspaper round-up: Defence contractors, Bentley, McDonald's
(Sharecast News) - Defence contractors have promised to create 40,000 apprenticeships, work experience placements and jobs for young people each year, as Wes Streeting claimed to be overseeing a "ministry for growth". Labour is keen to demonstrate that the rapid increase in defence spending planned for the coming years, which may necessitate tax rises, will result in jobs in the UK. - Guardian
Wed 23 Sep 2026 07:05
Wednesday newspaper round-up: state pension, pharmaceutical companies, BMW
(Sharecast News) - A thinktank linked to Reform UK has called for the abolition of the state pension and £75bn worth of sweeping tax cuts in a "radical" report likely to influence the party's platform for the next election. The Centre for a Better Britain's (CFABB) report - which also calls for weaker rules for UK banks and Trump-style investment accounts offering £1,000 to newborns - will be formally launched at a private event with City executives on Wednesday. - Guardian

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