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Friday newspaper round-up: Car insurance, Vodafone, The Telegraph

(Sharecast News) - Car owners who pay for their insurance monthly rather than with a one-off lump sum are being charged interest of more than 30%, research has found, in what has been described by campaigners as a "poverty premium". Insurers give customers the choice of paying one annual premium or breaking it up and paying over the course of the year. - Guardian Britain's beleaguered stock market has left City bosses increasingly nervous about the threat of foreign takeovers, according to new research. The majority of FTSE 350 board members surveyed by investment broker Deutsche Numis said their companies are at a greater risk of being acquired by buyers overseas in 2024. - Telegraph

The United Arab Emirates' stake in the telecoms operator Vodafone is a threat to Britain's national security, ministers have found. Deputy Prime Minister Oliver Dowden intervened to demand protection from the Gulf state after it became Vodafone's biggest shareholder with a 14.6pc shareholding worth £2.7bn. Mr Dowden said Vodafone, which holds sensitive Whitehall contracts and owns critical infrastructure including undersea cables, was at risk of "material influence" by the UAE. - Telegraph

The chairman of The Spectator called on the government to block the Abu Dhabi-backed bid for the Telegraph newspaper group last night on the grounds that no foreign state should own major UK media assets. Speaking on Newsnight, Andrew Neil said: "You cannot have a major mainstream newspaper group owned by an undemocratic government or dictatorship where no one has a vote." - The Times

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(Sharecast News) - Apple slightly beat analysts' expectations in its first-quarter earnings for fiscal year 2025 on Thursday. The iPhone-maker's revenue rose by 4%, coming in at $124.30bn, barely above estimates of $124.12bn. Earnings per share were $2.40, just ahead of analysts' expectations of $2.35. Shares rose more than 8% in extended trading after CEO Tim Cook indicated in an earnings call on Thursday that Apple is on the trajectory for revenue growth next quarter. - Guardian
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(Sharecast News) - The architect of a ban on newspaper takeovers by foreign states has demanded that an Abu Dhabi fund be forced to sell The Telegraph by Easter. Baroness Stowell, the Conservative chairman of the Lords communications and digital committee, said the Government should impose an ultimatum on RedBird IMI. It should be backed by the threat of regulatory action, she said, to strip the fund of control of what has been dubbed "the newspaper auction from hell". - Telegraph
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(Sharecast News) - The architect of a ban on newspaper takeovers by foreign states has demanded that an Abu Dhabi fund be forced to sell The Telegraph by Easter. Baroness Stowell, the Conservative chairman of the Lords communications and digital committee, said the Government should impose an ultimatum on RedBird IMI. It should be backed by the threat of regulatory action, she said, to strip the fund of control of what has been dubbed "the newspaper auction from hell". - Telegraph
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(Sharecast News) - Rachel Reeves is unveiling plans to create "Europe's Silicon Valley" between Oxford and Cambridge as she stakes the government's success on kickstarting economic growth and putting more pounds in people's pockets. The chancellor will announce a blueprint to improve infrastructure across the region that will add up to £78bn to the UK economy within a decade, according to industry experts, and put it at the forefront of science and technological advances. - 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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