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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.

Sunday newspaper round-up: Sainsbury's, British Steel, DeSantis

(Sharecast News) - Sainsbury's chief Simon Roberts gave his support to the Financial Mail on Sunday's campaign for police to crack down on shoplifters as an epidemic of retail crime sweeps across the country. Roberts also said he backed making abuse or violence against retail staff a specific offence. He also noted that the grocer had been the first to offer all of its 150,00 staff body-worn cameras that can aid support teams at its stores. - The Financial Mail on Sunday British Steel's new auditor has unexpectedly resigned, further putting at risk £600m of state aid needed to stave off collapse at the Chinese-owned manufacturer.The decision by Moore Kingston Smith follows its inability to verify tens of millions of pounds' worth of inventories. The auditor had taken over just over a year ago from Mazars which had resigned after a row over fees. Moore Kingston Smith said it could not account for £45.8m worth of stock during the year ending in December 2021, the accounts for which had been severely delayed. - The Sunday Times

US state of Florida hard-right governor Ron DeSantis has bowed out of the running for the Republican party's presidential nomination. Instead, he has thrown his support behind Donald Trump. "It's clear to me that a majority of Republican primary voters want to give Donald Trump another chance," DeSantis said on X. "He has my endorsement because we can't go back to the old Republican guard of yesteryear, a repackaged form of warmed over corporatism that Nikki Haley represents." - Guardian

Enquest chief executive officer Amjad Bseisu criticised Labour's plan to ban new oil and gas drilling, calling it "economically senseless". Bseisu believed that it would lead to rigs being shut down a decade ahead of plan. Indeed, the driller's two large Magnus and Kraken platforms would be rendered less economical and put at risk of being closed early. Early closures would also have an impact on the Treasury as oil companies get big tax breaks for decommissioning. - The Sunday Telegraph

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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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