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Wednesday newspaper round-up: THG, Twitter, European aviation

(Sharecast News) - The troubled online beauty retailer THG faces more pain after a leading credit insurer reduced cover to its suppliers. The Guardian can reveal that Allianz Trade, one of the UK's largest credit insurers, cut back cover for suppliers to the beauty-to-nutrition retailer, formerly known as the Hut Group, in recent weeks. - Guardian As the cost of living crisis continues to ravage people's incomes, it has emerged that almost 2m households have defaulted on at least one significant bill in the run-up to Christmas. According to the latest findings from Which?'s consumer insight tracker, an estimated 1.9m households failed to make at least one mortgage, rent, loan, credit card or other bill payment over the last month. - Guardian

Mick Lynch has held secret talks with Network Rail bosses amid hopes that he will sue for peace in the New Year as public support for train strikes crumbles. The RMT trade union general secretary and his deputy Eddie Dempsey met Network Rail's representatives in a hastily-arranged meeting on Tuesday morning, The Telegraph can disclose. - Telegraph

Elon Musk has said he will quit as chief executive of Twitter as soon as he has found "someone foolish enough" to take over. The Tesla billionaire was "actively searching" for a new Twitter boss on Tuesday, CNBC reported, despite having made comments that cast doubt over whether he was prepared to step down. - Telegraph

The government has ordered the sale of a regional broadband provider owned by LetterOne, the oligarch-backed investment company, over national security concerns. LetterOne agreed to finance Upp last year as part of a £1 billion investment plan to provide a regional full-fibre broadband network for a million premises in eastern England by 2025. - The Times

The European aviation industry has formally confirmed what many airlines and airports have been privately warning for months: air travel will not recover to pre-pandemic levels until 2025. ACI Europe, the European division of the Airports Council International professional body, has downgraded its forecasts for 2023 stating that it thinks 220 million fewer passengers will fly around the Continent than in 2019, a shortfall of 9 per cent. - The Times

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Wednesday newspaper round-up: Aviva Investors, HSBC, car finance
(Sharecast News) - One of the UK's biggest pension funds has lost more than £350m on a series of "calamitous" investments in incinerator power plants that are expected to go bust in the coming days. The Guardian understands that Aviva Investors will put three incinerators into administration this week after pouring millions of pounds into what has been described as the country's "dirtiest form of power generation". - Guardian
Tuesday newspaper round-up: Starling Bank, Asos, Morrisons
(Sharecast News) - Staff have resigned at Starling Bank after its new chief executive demanded thousands of workers attend its offices more regularly, despite lacking enough space to host them. In his first major policy change since taking over from the UK digital bank's founder, Anne Boden, in March, Raman Bhatia has ordered all hybrid staff - many of whom were in the office only one or two days a week, or on an ad-hoc basis - to travel to work for a minimum of 10 days each month. - Guardian
Monday newspaper round-up: Energy bills, Black Friday, Lloyds Bank, Sephora
(Sharecast News) - Household energy bills across Great Britain are set to rise at the start of next year, analysts predict, putting more pressure on household finances. Officially, the price cap for January-March 2025 will be set on Friday morning by regulator Ofgem, limiting what energy providers can charge in England, Scotland and Wales. - Guardian
Sunday newspaper round-up: Kursk, AstraZeneca, BAE Systems
(Sharecast News) - America's President has authorised Ukraine to employ long-range ATACMS supplied by the US to strike targets inside Russia. More specifically, Kyiv will now be allowed to strike targets within the Kursk region, the New York Times reported. Speculation may increase that permission from Britain, the US and France to do the same with Storm Shadow missiles could follow. Joe Biden's decision is said to have been triggered by the appearance of North Korean troops in the Kursk region. - The Sunday Telegraph

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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