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Thursday newspaper round-up: Fuel poverty, strikes, Lloyds Banking

(Sharecast News) - More than 7 million people who no longer qualify for energy support from next spring face years in fuel poverty if average heat and light bills remain at £3,000, according to a report calling for more targeted help. In his November budget the chancellor, Jeremy Hunt, announced that the government's energy price guarantee (EPG) would rise from April to £3,000 a year for the typical home, and the £400 help paid to all households this winter - regardless of income - would not be repeated. - Guardian Britain is to be disrupted by strikes every day until Christmas as trade unions seek to bring the country to a halt in a new winter of discontent. Rail workers, including staff at Eurostar, nurses, teachers, security guards handling cash, driving examiners and rural payments officers are planning industrial action that will affect every day over advent. - Telegraph

Google has been hit with a £13.6bn lawsuit over claims the tech giant's stranglehold on the online advertising market has deprived publishers of revenue. The class action lawsuit, filed in the Competition Appeals Tribunal on Wednesday, claims that Google raked in "super profits" at the expense of hundreds of thousands of websites and mobile apps in the UK. - Telegraph

Italian oil major Eni is in early stage talks to buy Sam Laidlaw's Neptune Energy for up to $6 billion. Preliminary talks are under way but no formal offer has been made, a source said, confirming a report by Reuters. - The Times

Lloyds Banking Group's £52 billion staff pension fund was forced into fire sales of equities and faced collateral calls of billions of pounds at the height of the gilts market crisis, according to unusual evidence tabled in parliament. Henry Tapper, a pensions expert who gave evidence to the work and pensions committee last week, made a written disclosure in which he referred to his partner, Stella Eastwood, who is head of group pensions at Lloyds. - The Times

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(Sharecast News) - San Francisco federal courthouse on Thursday as a key witness in his own criminal fraud trial, which began in March. US authorities have charged the former software tycoon with 16 counts of wire fraud, securities fraud and conspiracy relating to his company's acquisition deal with Hewlett-Packard in 2011. If convicted, Lynch faces up to 25 years in prison. He has pleaded not guilty. - Guardian
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(Sharecast News) - Ministers have earmarked north Wales as the site of a large-scale nuclear power plant, which is part of plans to resuscitate Britain's nuclear power ambitions. Wylfa on Anglesey (Ynys Môn) has been named as the preferred site for the UK's third major nuclear power plant in a generation, coming after EDF's Hinkley Point C nuclear plant, which is under construction in Somerset, and its Sizewell C nuclear project planned for Suffolk. - 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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