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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.

Tuesday newspaper round-up: EV charging network, net zero targets, St James's Place

(Sharecast News) - Almost £1bn meant to help build Britain's electric vehicle charging network remains unallocated more than three years after it was first announced by Rishi Sunak. Promised in March 2020 before the first Covid lockdown in Sunak's early weeks as Boris Johnson's chancellor, the "rapid charging fund" was meant to support electrical capacity at motorway service stations. It was intended to help fund upgrades to the grid so that more electric cars can be rapidly charged at the same time. - Guardian Rishi Sunak faces further pressure over his U-turn on net zero targets, after the head of the world's energy watchdog said countries that water down green policies risked worsening the climate crisis and damaging their own economies. In its annual report, the International Energy Agency (IEA) hailed the gathering pace of the worldwide transition to cleaner energy, forecasting for the first time that demand for oil, gas and coal would peak before the end of the decade. - Guardian

London-based landlords are shunning investment in the capital to buy more lucrative properties in the North. Around two-thirds of London's buy-to-let investors who have bought properties this year have done so in other parts of the country. The North of England has received the greatest boost from the shift as it now accounts for 24pc of all purchases by London landlords. - Telegraph

St James's Place has suspended dealings in its property unit trust, the latest fund investing people's savings in UK commercial property to be gated as clients look to get out of the struggling market. The wealth manager's move means investors cannot take out or put in more money for the time being. The offices, warehouses and shops in the trust were last valued at £826 million. - The Times

Investors from the Middle East are choosing properties in London over rival international centres, given the "availability of diverse assets" in the capital. According to research from Al Rayan Bank, one of Britain's largest Islamic banks, London "remains the primary focus" for investors thanks to its combination of strong rental growth, surplus demand and its status as a "reliable location for safe returns". - The Times

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Thursday newspaper round-up: Lloyds Banking Group, Microsoft, car finance crisis
(Sharecast News) - The former cryptocurrency executive Nishad Singh, who once shared a $35m Bahamas penthouse with the FTX founder, Sam Bankman-Fried, was spared prison time by a judge on Wednesday for his role in the theft by his imprisoned former boss of about $8bn in customer funds from the now bankrupt exchange. The United States district judge Lewis Kaplan imposed the sentence during a hearing in Manhattan federal court. - Guardian
Wednesday newspaper round-up: Starbucks, Santander, Alphabet
(Sharecast News) - Starbucks office workers will risk losing their jobs if they fail to comply with the company's hybrid work requirement that employees are in the office three times a week. According to the Wall Street Journal an internal message sent to employees warns that an "accountability process" will start in January 2025. Consequences for non-compliance are "up to, and including, separation", according to the company message. - Guardian
Tuesday newspaper round-up: Brexit border checks, Evri, UK bond sales
(Sharecast News) - A lack of social mobility is costing the UK £19bn a year, a report produced by the cross-party thinktank Demos and the Co-op has found. The Social Mobility Commission, which advises the government, defines social mobility as "the link between a person's occupation or income and the occupation or income of their parents". - Guardian
Monday newspaper round-up: Sellafield, HBOS, retail investors
(Sharecast News) - Rachel Reeves has been urged not to carry out mooted funding cuts for nuclear sites including Sellafield amid safety concerns, as it emerged that the number of incidents where workers narrowly avoided harm had increased at the Cumbrian site. The GMB union has written to Reeves, the chancellor, before Wednesday's budget to raise safety concerns after rumours emerged that the budget for the taxpayer-owned Nuclear Decommissioning Authority (NDA) could be reduced, which could result in cuts at nuclear sites including Sellafield and Dounreay in Scotland. - 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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