Skip Header
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: Nexperia, face-to-face banking, ULEZ

(Sharecast News) - The British government has blocked the takeover of the UK's largest producer of semiconductors by a Chinese-owned manufacturer, citing "a risk to national security". The business department's decision on Wednesday comes more than a year after semiconductor company Nexperia first announced that it had taken control of Newport Wafer Fab in south Wales in July 2021, in a £63m deal. - Guardian Labour is planning to force a vote on guaranteeing in-person banking across the country, following swathes of branch closures that have left local communities without face-to-face services. The party's amendment to the financial services and markets bill would give City regulators the power to ensure communities have regular access to "essential" in-person services, including opening new accounts, applying for loans, making and receiving payments and setting up standing orders. - Guardian

The average price of used cars fell for the first time in over two years, as supply chain problems started to ease for manufacturers. New inflation figures from the Office for National Statistics show that the price of second-hand cars fell by 2.7pc in the year to October. This is the first month that it has gone negative since the onset of the pandemic. However, it follows 23pc growth in the year to October 2021, meaning that prices are still much higher than before Covid. - Telegraph

Sadiq Khan is under fresh pressure to drop his controversial expansion of the ultra-low emission zone (Ulez) as new polling reveals the majority of Londoners oppose the mayor's flagship policy. Around 60pc of Londoners said they oppose Ulez expansion across all of Greater London, according to a YouGov survey conducted on behalf of Conservative party members of the Greater London Assembly. - Telegraph

The head of the financial regulator has warned the City that the way in which financial firms treat consumers during the looming recession "will determine the industry's reputation for decades ahead". In a speech to industry bosses at the annual UK Finance dinner in London last night, Nikhil Rathi urged banks to ensure they passed on the Bank of England's interest rate increases to savers. - The Times

The media regulator has sounded the alarm over the amount of power and influence that Silicon Valley's biggest companies have over the news that people consume online. Two thirds of UK adults get their news from social media companies including Facebook and Twitter, search engines such as Google and apps including Apple News, up from 18 per cent in 2005. Facebook is the third most popular news source in Britain, after the BBC and ITV, while among younger teenagers Instagram, TikTok and YouTube come top. - The Times

Share this article

Related Sharecast Articles

Monday newspaper round-up: LSE, Ofwat, house prices...
(Sharecast News) - London Stock Exchange Group is weighing whether to launch 24-hour trading as bourses race to extend access to stocks amid growing demand from small investors active outside normal business hours. The group is looking into the practicalities of increasing its trading hours, according to people familiar with the situation, from the technology required to regulatory implications. Financial Times
Friday newspaper round-up: JLR, BNPL, Telegraph sale, water industry
(Sharecast News) - Britain's largest carmaker, Jaguar Land Rover, has delayed the planned launches of its new electric Range Rover and electric Jaguar models to give it time for more testing and for demand to pick up, the Guardian can reveal. JLR has written to customers waiting for the Range Rover Electric to inform them that deliveries of the new version of the model will not start until next year, after initially aiming for late 2025. - Guardian
Thursday newspaper round-up: WPP, Jerome Powell, Elon Musk
(Sharecast News) - The advertising agency WPP has been asked to work up ideas for a government-endorsed advertising blitz to urge more consumers to invest in stocks through a "Tell Sid"-style campaign expected to cost tens of millions of pounds. Plans for the nationwide push were announced by chancellor Rachel Reeves on Tuesday at her Mansion House speech, as she unveiled a fresh deregulation drive meant to increase financial risk-taking across the UK to help spur growth. - Guardian
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

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.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.