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.

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

Share this article

Related Sharecast Articles

Wednesday newspaper round-up: Post Office, Spirit AeroSystems, Flutter
(Sharecast News) - The Post Office is expected to announce the closure of dozens of branches and cut up to 1,000 head office jobs as it seeks to reduce costs to secure its financial future. There are about 11,500 Post Office branches across the UK, of which 115 are wholly centrally owned. The rest are operated by independent post office operators under contract and partners such as WH Smith and Tesco. - Guardian
Tuesday newspaper round-up: Bluesky, British Steel, FRC
(Sharecast News) - Social media platform Bluesky has picked up more than 700,000 new users in the week since the US election, as users seek to escape misinformation and offensive posts on X. The influx, largely from North America and the UK, has helped Bluesky reach 14.5 million users worldwide, up from 9 million in September, the company said. - Guardian
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

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.