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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.

Wednesday newspaper round-up: Fracking, Netflix, HSBC

(Sharecast News) - Fracking caused an earthquake every day at the UK's only active site at Preston New Road in Lancashire, analysis has found. Between 2018 and 2019, the site near Blackpool was responsible for 192 earthquakes over the course of 182 days , according to analysis of House of Commons Library data by the Liberal Democrats. - Guardian The number of people who aren't working because of caring commitments is the highest since May 2020, with the last year marking a sustained increase in stay-at-home parents and carers after three decades of decline, new analysis from the Guardian reveals. The figures are a stark warning that at a time of record employment vacancies and skills shortages, families are being "priced out and shut out of work", said Labour's deputy leader, Angela Rayner. - Guardian

Netflix has added subscribers for the first quarter in three to halt the streaming decline trigged by the cost of living crisis. Paid subscribers using the service rose to by 2.4m to 223.1m in the third quarter of 2022. Revenues grew 6pc year-on-year to $7.9bn (£7bn). Shares rose 15pc in after hours trading in New York as investors cheered the unexpectedly strong results. - Telegraph

The boss of Goldman Sachs warned yesterday that there was a "good chance" of recession in the United States and confirmed an overhaul of the bank's structure after its profits almost halved. A robust rise in sales from its bond trading division helped partially to offset a 57 per cent drop in revenue from investment banking amid a sharp slowdown in global dealmaking. - The Times

HSBC misled consumers with its bus-shelter posters proclaiming its green credentials at the time of the global climate-change summit last autumn, the advertising regulator has ruled. Britain's biggest banking group "omitted material information", the Advertising Standards Authority has judged, ordering HSBC not to show the ads again. - The Times

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Thursday newspaper round-up: Sony Music, Royal Mail, house prices
(Sharecast News) - A leading City lobby group is calling on the next government to bring in scams legislation that forces big tech and social media companies to cough up to £40m a year to reimburse customers and fight fraud on their platforms. The demand came in a 'financial services manifesto' released by UK Finance, which represents banks, payments companies and other financial firms. UK Finance and its 300 membershave long complained about having to shoulder the costs of fraud against their customers, despite a surge in the number of scammers targeting consumers through platforms such as Facebook and Google. - Guardian
Wednesday newspaper round-up: Ryan Salame, Ocado, Shell
(Sharecast News) - The next government should force all tradespeople who install home heat pumps, solar panels and insulation to sign up to a mandatory accreditation scheme to counter mistrust in the industry, a leading consumer group is demanding. A report from Which? found that households face "significant anxiety" in choosing tradespeople to fit low-carbon heating systems, such as heat pumps, and insulation after "press stories about poor work and rogue traders". - Guardian
Tuesday newspaper round-up: Ofwat, Facebook, Deutsche Bank
(Sharecast News) - Ofwat is poised to refuse most water companies' requests to ratchet up consumer bills, with some getting as little as half of what they have asked for, the Guardian has learned. The decision from the water watchdog for England and Wales, Ofwat, has been formally delayed until 11 July because of the general election. Its verdict, known as a draft determination, comes amid a growing crisis in the water sector. - Guardian
Sunday newspaper round-up: Natwest, Shein, Nationwide
(Sharecast News) - NatWest may not be selling shares to the public any time soon following the prime minister's decision to call an election on 4 July. The Treasury has said that an offer will not occur during the election period and Labour has not confirmed whether it would revive plans for the sale should it win. The sale had been expected to take place in June. - The Sunday Times

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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