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Tuesday newspaper round-up: Electric cars, Twitter, Aviva chief, Rightmove

(Sharecast News) - Drivers are scrambling to buy secondhand electric cars, more than doubling sales in the past year as demand for zero-emission vehicles surges. Figures from the Society of Motor Manufacturers and Traders (SMMT) show that the number of transactions for electric cars increased from 6,600 in the first three months of 2021 to almost 14,600 in the first quarter of this year, an increase of 120%. - Guardian A US firm known for betting against companies' share prices has said Elon Musk could submit a lower bid for Twitter, owing to a slump in tech stocks and a weak financial performance at the social media platform. Hindenburg Research said there was a "significant chance" that the Tesla chief executive will seek to pay less than the agreed bid price of $54.20 (£43.90) a share, which values Twitter at $44bn and has been accepted by the company's board. - Guardian

Rail chiefs are on the cusp of privatising thousands of miles of trackside phone lines in a move that will pave the way for commuters to get faster on-board internet coverage. Some 10,000 miles of phone cables running next to railway lines are to be sold off under proposals also intended to boost broadband speeds for millions of households. - Telegraph

The chairman of Aviva said he was "flabbergasted" after female board members suffered a torrent of sexist abuse at the company's annual general meeting. George Culmer hit out at "simply inappropriate" comments by shareholders including one investor who said that Amanda Blanc, chief executive, is "not the man for the job". He said that her speech did not match with Aviva's share price performance over the past decade. - Telegraph

It is often the case that success breeds resentment and so it has proved with Rightmove. The company's success is undoubted. It dominates Britain's online property search market, with its site attracting 2.5 billion visits last year. The group's business model is also highly profitable, with an operating margin of 74 per cent last year, one of the highest in the FTSE 100. Yet it is not without its critics in the property industry. Three years ago analysts at Jefferies, the investment bank, described Rightmove's relationship with estate agents as akin to a "psychological chokehold". - The Times

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Wednesday newspaper round-up: Red tape, billionaires, diesel emissions
(Sharecast News) - Rachel Reeves has claimed that rules and red tape are acting as a "boot on the neck" of businesses and risk "choking off" innovation across the UK without bold reforms. In a speech to City bosses attending the Mansion House dinner at London's Guildhall on Tuesday evening, the chancellor heaped further pressure on regulators to allow for more risk in order to boost economic growth. - Guardian
Tuesday newspaper round-up: Rachel Reeves, electric cars, Marks & Spencer
(Sharecast News) - Rachel Reeves will claim that cutting red tape for City firms will have trickle-down benefits for households across Britain, as she tries to drum up support for a new financial services strategy. A raft of regulatory reforms are due to be announced by the chancellor on Tuesday, in what the Treasury says will be the "biggest financial regulation reforms in a decade". It will come before her Mansion House address to City bosses during a dinner at Guildhall in London on Tuesday evening. - Guardian
Monday newspaper round-up: Pubs, country houses, Severn Trent
(Sharecast News) - The boss of the pub chain Greene King has called for changes to business rates to remedy "unfairness" that he said added to financial pressures on the struggling pubs industry. Nick Mackenzie, Greene King's chief executive, said the business rates system of property taxes should be changed to a tax on profits. - Guardian
Sunday newspaper round-up: EU tariffs, Begbies Traynor, Burberry's
(Sharecast News) - The US President announced that imports from the EU and Mexico would both be taxed at 30% commencing on 1 August. The announcement was a surprise for both Brussels and the US trade representative, Jamieson Greer, as both believed that they had reached a deal that would be acceptable to both sides. EU trade ministers' previously scheduled Monday meeting will now see them come under pressure to show a "tough" reaction. - 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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