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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.

Thursday newspaper round-up: Housing market, Tata Steel, electric cars

(Sharecast News) - The housing market has had some "respite" in recent weeks as activity picked up amid easing mortgage rates after a challenging 2023, according to surveyors. Inquiries from new buyers are approaching a flatter trend, after falling in recent months, according to the December report from the Royal Institution of Chartered Surveyors (Rics). - Guardian Concern is mounting that Tata Steel will confirm plans to shut down much of its production at the Port Talbot steelworks during a crunch meeting with trade unions, putting thousands of jobs at risk. Three sources said they believed that Tata, owned by the Indian billionaire Ruia brothers, was on the brink of confirming plans to close Port Talbot's two blast furnaces, ending more than a century of making steel from scratch in south Wales. - Guardian

Electric cars lose as much as half of their value after just three years on the road, new figures show, as the rate of depreciation far outstrips conventional equivalents. Research from Auto Trader said there were "unsustainable levels of depreciation" in the electric car market, with used prices of battery-powered vehicles dropping by 23pc in the last year alone. - Telegraph

Chinese brands will launch a price war and will capture a sixth of the UK electric car market by 2030, according to Auto Trader. With BYD, China's largest electric car manufacturer, having overtaken Tesla as the world leader in zero-emission vehicles and with Shanghai Automotive's MG brand already out-selling Volkswagen and BMW in the segment in Britain, a new order is coming, according to the online car-buying platform's latest The Road to 2030 report. - The Times

Britons doubled their spending on bowling in December compared with the same month a year ago, according to Lloyds Bank. People also spent more on booking holidays last month, with demand for cruises up by more than a quarter compared with December 2022, the high street lender said. - The Times

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Friday newspaper round-up: Apple, Daily Mail, OpenAI, Homebase
(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
Thursday newspaper round-up: Car production, UK retailers, water bills, KPMG
(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
Thursday newspaper round-up: Car production, UK retailers, water bills, KPMG
(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
Wednesday newspaper round-up: Starbucks, JPMorgan, Santander
(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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