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: Scams, second-hand car sales, AstraZeneca

(Sharecast News) - Companies could face fines of up to $50m for failing to prevent scams and may be forced to compensate victims under new laws the Albanese government says would give Australians the strongest anti-scammer protection in the world. The government will introduce legislation to federal parliament on Thursday to establish its long-awaited "scams prevention framework". - Guardian About 1,000 London buildings including the Houses of Parliament and the National Gallery could soon be warmed by low-carbon heat sourced from the River Thames, London Underground and sewer networks. Plans to develop the UK's biggest heat network to supply decarbonised heat to buildings across Westminster were set out on Wednesday by the government as part of its pledge to back seven heat network zones with more than £5m of public funding. - Guardian

Second-hand car sales are climbing as cash-strapped consumers shun the new vehicle market. The number of used car transactions rose by 4.3pc from July to September compared to a year ago to reach 1.96m, according to the Society of Motor Manufacturers and Traders (SMMT). Of these, a record 53,423 were electric vehicles (EVs) - an increase of 57pc, or about 19,000. - Telegraph

Rachel Reeves has played down concerns around Donald Trump's expected wave of tariffs, as she vowed to strengthen Britain's trade links with the US. In comments made shortly after Mr Trump declared victory in the election, the Chancellor said she would fight to maintain "free and open trade" with America. In a signal that the Government is seeking ways to work with Mr Trump's tariff-driven economic agenda, Ms Reeves said she recognises how important it is to care about "where things are made, who makes them and who owns them". - Telegraph

The head of AstraZeneca's international business has been arrested in China and separately about 100 former employees have been sentenced for alleged insurance fraud in the FTSE 100 company's second-biggest market. Britain's biggest pharmaceuticals company released the information on Wednesday as it tried to calm investor fears after Chinese media reports of widening investigations by authorities triggered a renewed sell-off of its shares on the London Stock Exchange. - The Times

The government will force a Chinese tech company to sell its majority stake in a British chipmaker a year after The Times revealed that microchips it had sold to Russia were found in a tank destroyed in Ukraine. The Cabinet Office issued a "final order" yesterday under the National Security and Investment Act mandating that the Chinese state-owned holding company that acquired an 80.2 per cent stake in FTDI must sell it within a "specified period". - The Times

Share this article

Related Sharecast Articles

Monday newspaper round-up: Hospitality, wind generation, Vertical Aerospace
(Sharecast News) - Great Britain "lags behind" Europe on measures to restrict betting adverts, according to a report released days after official data showed a sharp increase in the number of children with a gambling problem. Restrictions on ads by bookmakers and casinos are increasingly becoming "the norm" across Europe in response to public health concerns, according to a report commissioned by GambleAware, the UK's leading gambling charity. - Guardian
Friday newspaper round-up: AI, Bentley, News Corp
(Sharecast News) - Dozens of health and children's groups have urged ministers to tackle obesity by imposing taxes on foods containing too much salt or sugar. New levies based on the sugar tax on soft drinks would make it easier for consumers to eat more healthily by forcing food manufacturers to reformulate their products, they claim. - Guardian
Wednesday newspaper round-up: Eurostar, Asda, jobless rate
(Sharecast News) - Cross-channel train operator Eurostar has been criticised by the advertising watchdog for exaggerating the number of £39 seats on sale. The Advertising Standards Authority (ASA) ruled that Eurostar ads across Instagram and Facebook for £39 tickets from London to Amsterdam and Brussels were misleading, the second time it has censured its ads this year. - 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.