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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: Forecourt owners, fake reviews, BuzzFeed

(Sharecast News) - Forecourt owners in the UK are adding to soaring inflation for consumers by charging many businesses that rely on diesel more than necessary at the pumps, campaigners have claimed. The pump price for diesel is about 10% higher than for petrol, even though the wholesale market price is lower, reigniting concerns that forecourt owners are profiteering at the expense of diesel drivers. - Guardian Facebook groups offering fake reviews on the likes of Amazon, Google and Trustpilot are persistent despite regulators' demands that tech platforms do more to tackle the issue, according to an investigation by a consumer group. Groups on the social network with thousands of members offer free products in exchange for reviews, said the consumer group Which?, despite past interventions by UK regulators. - Guardian

The City watchdog is clearing the way for millions of buy-to-let landlords and flat owners to claw back billions of pounds lost in secret building insurance commissions. Leaseholders will be defined as customers of buildings insurance under new rules planned by the Financial Conduct Authority (FCA) that will give homeowners new grounds to claim for thousands in wrongly charged fees. - Telegraph

Over-50s are dropping out of the workforce because of "ageist" companies, MPs have claimed. A report from the Labour-led Business, Energy and Industrial Strategy select committee blamed businesses for the recent exodus of older workers, saying unfriendly policies were the cause rather than a wave of early retirement. - Telegraph

BuzzFeed News, the lossmaking website that once won a Pulitzer Prize, is closing as its parent company seeks to cut costs by slashing 15 per cent of its workforce. The business has gone through "more challenges than I can count in the past few years", Jonah Peretti, 49, BuzzFeed's chief executive, said. - The Times

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Wednesday newspaper round-up: Aviva Investors, HSBC, car finance
(Sharecast News) - One of the UK's biggest pension funds has lost more than £350m on a series of "calamitous" investments in incinerator power plants that are expected to go bust in the coming days. The Guardian understands that Aviva Investors will put three incinerators into administration this week after pouring millions of pounds into what has been described as the country's "dirtiest form of power generation". - Guardian
Tuesday newspaper round-up: Starling Bank, Asos, Morrisons
(Sharecast News) - Staff have resigned at Starling Bank after its new chief executive demanded thousands of workers attend its offices more regularly, despite lacking enough space to host them. In his first major policy change since taking over from the UK digital bank's founder, Anne Boden, in March, Raman Bhatia has ordered all hybrid staff - many of whom were in the office only one or two days a week, or on an ad-hoc basis - to travel to work for a minimum of 10 days each month. - Guardian
Monday newspaper round-up: Energy bills, Black Friday, Lloyds Bank, Sephora
(Sharecast News) - Household energy bills across Great Britain are set to rise at the start of next year, analysts predict, putting more pressure on household finances. Officially, the price cap for January-March 2025 will be set on Friday morning by regulator Ofgem, limiting what energy providers can charge in England, Scotland and Wales. - Guardian
Sunday newspaper round-up: Kursk, AstraZeneca, BAE Systems
(Sharecast News) - America's President has authorised Ukraine to employ long-range ATACMS supplied by the US to strike targets inside Russia. More specifically, Kyiv will now be allowed to strike targets within the Kursk region, the New York Times reported. Speculation may increase that permission from Britain, the US and France to do the same with Storm Shadow missiles could follow. Joe Biden's decision is said to have been triggered by the appearance of North Korean troops in the Kursk region. - The Sunday Telegraph

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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