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Monday newspaper round-up: Four-day week, UK energy, Apple

(Sharecast News) - Fraudsters may have stolen £500,000 from a taxpayer-funded scheme aimed at accelerating the removal of dangerous cladding from buildings, the public spending watchdog has revealed. The National Audit Office said the government decision to prioritise speed in handing out money to building owners had increased its risk of losses from fraud. The warning came in an NAO report into the government's progress in remediating dangerous cladding from blocks after the Grenfell Tower fire in 2017. - Guardian One thousand workers in the UK will get extra time off with no loss of pay in the first official pilot by the four-day week campaign under the Labour government. The British Society for Immunology and Crate Brewery in Hackney, east London, are among the businesses to have joined the latest trial, which is being led by the 4 Day Week Campaign, as it launches on Monday. - Guardian

Cornwall is home to more solar panels than anywhere else in the country, new figures show, fuelling a growing backlash from local farmers and small businesses. The south-west county now boasts more than 27,000 sites generating solar energy, with even more planned under Ed Miliband's green energy rollout. The spread of solar energy across the Cornish countryside has been welcomed by climate campaigners. However, it has also sparked anger among residents and councillors who claim the local landscape has been ruined by an influx of large glass solar panels. - Telegraph

Shares in Apple will be in focus on Monday after Warren Buffett's Berkshire Hathaway continued to slash its stake in the tech company as part of a selling spree that has lifted his cash pile to record levels. The billionaire's industrials-to-insurance conglomerate disclosed on Saturday that it had reduced its position in Apple to $69.9 billion in the third quarter, indicating it had shed a further 100 million shares in the period, or a quarter of its holding. - The Times

The head of the International Energy Agency has backed the government's ambitious plan to clean up Britain's power supply by 2030 so the UK can keep its lead in cutting-edge energy industries. Labour has faced criticism for its ambition to supply almost all the country's electricity with wind, solar and nuclear energy in only six years' time. - 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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