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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.

Thursday newspaper round-up: Energy bills, Qantas, CrowdStrike

(Sharecast News) - Ministers have committed to help households struggling with their gas and electricity bills this winter after energy industry bosses warned that consumer debt had climbed to more than £3bn. With Labour under fire for scrapping universal winter fuel payments to pensioners, ministers met energy industry bosses on Wednesday to discuss ways of supporting struggling households through the coming colder months. - Guardian Qantas Airways has posted a $2.1bn annual underlying profit - down 16% from last year's record result - amid a surge in demand for budget Jetstar fares and mounting public anger at its service and ticket policies. Australia's biggest airline said bookings and travel demand remained stable across its flying brands, although moderating air fares had eroded profits, especially on international flights. - Guardian

A City whistleblower has been awarded more than half a million pounds after he was fired for exposing an alleged Chinese spy. An employment tribunal has awarded Bharat Bhagani, a former compliance officer at Goldenway Global Investments, nearly £565,000 in compensation, according to a ruling published earlier this week. - Telegraph

The Savoy hotel in central London is facing an increasingly competitive luxury hotel market on the back of a host of openings by rivals. According to the hotel's accounts, filed this week, at least 15 new luxury hotels with a total of 2,677 rooms are opening across the capital over the 2023-2025 period. - The Times

CrowdStrike has cut its annual sales and profit forecast as demand for its cybersecurity products is hit by the global Windows outage caused by a faulty update from the company. The outage last month hit 8.5 million Microsoft Windows devices, interrupting internet services and leaving thousands of people stranded at airports after mass flight cancellations. - The Times

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Thursday newspaper round-up: Shorter working week, Microsoft, EY
(Sharecast News) - Nearly 1,000 British workers will adopt a permanently shorter working week, after the latest trial of a four-day week and similar changes to traditional working patterns. All 17 British businesses in a six-month trial of the four-day week said they would continue with an arrangement consisting of either four days a week or nine days a fortnight. All the employees remained on their full salary. - Guardian
Wednesday newspaper round-up: Prax Lindsey, Santander/TSB, pensions, Qantas
(Sharecast News) - The married couple behind the Prax Lindsey oil refinery awarded themselves at least $15.9m (£11.5m) in pay and dividends in the years leading up to its collapse, it has emerged, as the government urged the company's boss to "put his hand in his pockets" to help workers. Winston Soosaipillai, who goes by his middle names Sanjeev Kumar, jointly owned the refinery with his wife, Arani, until it plunged into insolvency on Monday. - Guardian
Tuesday newspaper round-up: King Charles, Google, offshore companies
(Sharecast News) - King Charles is set to receive official annual income of £132m next year, after his portfolio of land and property made more than £1bn in profits thanks to a boom in the offshore wind sector. Profits at the crown estate - which partly funds the monarchy - were flat at £1.1bn in its financial year to the end of March but more than double their level two years ago, at £442.6m. - Guardian
Monday newspaper round-up: Cyber attacks, Asda, Lloyds IT outages
(Sharecast News) - Shiploads of Minis, Aston Martins and Range Rovers will set sail for the US on Monday as the UK-US trade deal kicks in, but British farmers say they have been used as collateral to save the car industry. Auto shipments across the Atlantic were down more than half in May after Donald Trump's imposition of a 25% tariff on 3 April on top of an existing 2.5% levy. - 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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