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Tuesday newspaper round-up: Arm takeover, Motorola, Silentnight

(Sharecast News) - Thousands of homes could soon be paid to halve their electricity usage for a couple of hours daily when the UK's power demand is high under a new scheme to help reduce energy bills and create a zero carbon power supply system. From next week the trial by Octopus Energy and National Grid's electricity system operator will offer the household supplier's customers the chance to earn money by cutting their power use by between 40% and 60% below normal levels during a set two-hour period. - Guardian

The former owner of Norton Motorcycles faces up to two years in prison after pleading guilty to illegally investing millions of pounds of people's retirement savings into his own businesses. Stuart Garner, who acquired the classic marque in 2008 and was feted by a series of UK government ministers including the MP Stephen Barclay, the prime minister's new chief of staff since Saturday, admitted three offences at Derby magistrates court on Monday. - Guardian

The $40bn (£30bn) US takeover of Arm Holdings, one of Britain's biggest tech firms, has collapsed in the face of opposition from regulators. Authorities in the UK, US and EU raised concerns over its impact on competition in the global semiconductor industry, the Financial Times reported. It also said that Arm, based in Cambridge, may face a management reshuffle. It is understood that Rene Haas, head of the company's intellectual property unit, could replace chief executive Simon Segars. - Telegraph

Motorola has failed to block an investigation into concerns that it is "cashing in" on the mobile network used by Britain's emergency services. The Competition and Markets Authority (CMA) is scrutinising the US telecoms giant, which is working on a much-delayed new system for the police, fire brigade and ambulance service, while still operating the old network. - Telegraph

The professional body for chartered accountants came under more pressure to hand £13.5 million of fine proceeds to the Silentnight pension scheme after it was estimated that the cheated members of the scheme would face 30 per cent cuts to their promised pensions. The Institute for Chartered Accountants in England and Wales has been asked to pay to the pension scheme the fines levied on KPMG for its part in leaving the 1,200 members short-changed. - The Times

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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
Tuesday newspaper round-up: Rachel Reeves, electric cars, Marks & Spencer
(Sharecast News) - Rachel Reeves will claim that cutting red tape for City firms will have trickle-down benefits for households across Britain, as she tries to drum up support for a new financial services strategy. A raft of regulatory reforms are due to be announced by the chancellor on Tuesday, in what the Treasury says will be the "biggest financial regulation reforms in a decade". It will come before her Mansion House address to City bosses during a dinner at Guildhall in London on Tuesday evening. - Guardian
Monday newspaper round-up: Pubs, country houses, Severn Trent
(Sharecast News) - The boss of the pub chain Greene King has called for changes to business rates to remedy "unfairness" that he said added to financial pressures on the struggling pubs industry. Nick Mackenzie, Greene King's chief executive, said the business rates system of property taxes should be changed to a tax on profits. - Guardian
Sunday newspaper round-up: EU tariffs, Begbies Traynor, Burberry's
(Sharecast News) - The US President announced that imports from the EU and Mexico would both be taxed at 30% commencing on 1 August. The announcement was a surprise for both Brussels and the US trade representative, Jamieson Greer, as both believed that they had reached a deal that would be acceptable to both sides. EU trade ministers' previously scheduled Monday meeting will now see them come under pressure to show a "tough" reaction. - 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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