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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.

Wednesday newspaper round-up: Fracking, Netflix, HSBC

(Sharecast News) - Fracking caused an earthquake every day at the UK's only active site at Preston New Road in Lancashire, analysis has found. Between 2018 and 2019, the site near Blackpool was responsible for 192 earthquakes over the course of 182 days , according to analysis of House of Commons Library data by the Liberal Democrats. - Guardian The number of people who aren't working because of caring commitments is the highest since May 2020, with the last year marking a sustained increase in stay-at-home parents and carers after three decades of decline, new analysis from the Guardian reveals. The figures are a stark warning that at a time of record employment vacancies and skills shortages, families are being "priced out and shut out of work", said Labour's deputy leader, Angela Rayner. - Guardian

Netflix has added subscribers for the first quarter in three to halt the streaming decline trigged by the cost of living crisis. Paid subscribers using the service rose to by 2.4m to 223.1m in the third quarter of 2022. Revenues grew 6pc year-on-year to $7.9bn (£7bn). Shares rose 15pc in after hours trading in New York as investors cheered the unexpectedly strong results. - Telegraph

The boss of Goldman Sachs warned yesterday that there was a "good chance" of recession in the United States and confirmed an overhaul of the bank's structure after its profits almost halved. A robust rise in sales from its bond trading division helped partially to offset a 57 per cent drop in revenue from investment banking amid a sharp slowdown in global dealmaking. - The Times

HSBC misled consumers with its bus-shelter posters proclaiming its green credentials at the time of the global climate-change summit last autumn, the advertising regulator has ruled. Britain's biggest banking group "omitted material information", the Advertising Standards Authority has judged, ordering HSBC not to show the ads again. - The Times

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Monday newspaper round-up: Investment bankers, energy price cap, Raspberry Pi
(Sharecast News) - London's investment bankers are expected to rake in bigger bonuses this financial year, as the City begins to recover from a two-year slump in deals caused by surging interest rates. Demand for investment banking services - such as facilitating mergers and acquisitions, advising companies and governments on fundraising, and underwriting new stock and bonds - was hit by a sharp increase in borrowing rates after the pandemic, as central banks acted to tame runaway inflation. Jobs and pay were cut as investment banks sought to reduce costs. - Guardian
Sunday share tips: Eco Animal Health, Intertek
(Sharecast News) - The Financial Mail on Sunday's Midas column tipped shares of Eco Animal Health to its readers, touting the company's animal drug pipeline.
Sunday newspaper round-up: Britvic, Prices of UK homes, BT Group
(Sharecast News) - Aviva, one of the ten largest shareholders in Britvic, thinks that Carlsberg needs to raise its takeover offer. During the preceding week, Britvic had let it be known that it had already rebuffed two acquisition offers from the Danish brewer, the highest of which had been for £3.1bn. In particular, Aviva said that Carlsberg was not taking sufficiently into account how Britvic's finances were expected to improve over the next few years. - The Financial Mail on Sunday
Friday newspaper round-up: Port Talbot, Elon Musk, Amazon
(Sharecast News) - Tata Steel has told workers it could to cease operations at its steel plant in Port Talbot months earlier than planned because of a strike. The company had been planning to shut down one of the blast furnaces by the end of June and the second one by September. But workers at the south Wales site have been told that Tata plans to cease operations at both furnaces no later than 7 July because of the strike by members of Unite, which starts the following day. - 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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