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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: Energy suppliers, Tokamak Energy, RedBird IMI

(Sharecast News) - Energy suppliers will spend £500m helping customers with their energy bills this winter, after the government helped broker a deal involving 12 of the biggest companies in the UK. Suppliers will spend the money in a variety of ways, including putting credit on some customers' bills, writing off the debts of others and putting credit on prepayment meters, sources told the Guardian. - Guardian Gautam Adani, one of the world's richest men, has been indicted in New York over an alleged multi-billion-dollar scheme to pay $250m in bribes and conceal the scheme from US investors. Prosecutors charged the chair of Indian conglomerate Adani Group and two other executives of a renewable energy company with securities fraud and conspiring to commit securities and wire fraud. - Guardian

The City is sticking with its diversity push even as Wall Street investors pressure companies to cut spending on programmes branded "woke" by campaigners. According to the Investment Association, over half its members were forced to cut costs last year, but none chose to scrap diversity initiatives - in direct contrast with their US counterparts who are increasingly abandoning diversity, equity and inclusion (DEI) programmes. - Telegraph

A pioneering British nuclear fusion company has raised almost £100m and suggested it could have a pilot plant running within a decade, bringing hopes of a near-limitless source of clean electricity closer. Tokamak Energy has raised $125m (£99m) from investors including Lingotto, a fund that manages the wealth of Italy's billionaire Agnelli family and is chaired by George Osborne. - Telegraph

RedBird IMI is considering providing financial support for a sale of The Telegraph newspapers to a New York entrepreneur as he struggles to secure backing for a bid. Dovid Efune has for weeks been in exclusive talks with RedBird IMI to buy The Daily Telegraph and The Sunday Telegraph but he has been unable to secure backing for a deal from Hudson Bay Capital and Oaktree Capital. - The Times

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Sunday newspaper round-up: Debt interest, Autumn Budget, RC Fornax
(Sharecast News) - Rachel Reeves has been left facing a £50bn bill as a result of higher debt interest payments following a rout in the bond market. And City exports caution that the bill could keep climbing. Hence, the Chancellor may soon have to choose between either bending her own fiscal rules, enacting tax increases or cutting spending. The rout has seen the tiny £10bn buffer left by Reeves to meet her main fiscal rule, which requires that tax revenues cover day-to-day expenditures, evaporate. - The Financial Mail on Sunday
Friday newspaper round-up: Energy bills, ticket touting, BlackRock
(Sharecast News) - The number of people in England and Wales who sought help with energy bills jumped by 20% last year, according to Citizens Advice, which assisted 60,000 households struggling with the soaring cost of gas and electricity. That number was double the figure for 2020, the national consumer advice charity said, with problems with billing being the single most common type of issue raised with its service providers. - Guardian
Thursday newspaper round-up: Job vacancies, civil servants, Darktrace
(Sharecast News) - Vacancies for permanent jobs in the UK declined at their fastest pace for four years last month, according to a new survey that adds to the gloomy economic mood. Amid febrile markets and weak economic data, the monthly jobs report from the consultancy KPMG and the recruitment firm REC shows many firms reluctant to hire. - Guardian
Wednesday newspaper round-up: Rolls-Royce Motor Cars, Shein, JPMorgan Chase
(Sharecast News) - The UK's advertising watchdog has banned a campaign by an online investment company predominantly targeting Muslims that featured images of euros and US dollars and the words "The United States of America" in flames alongside a call to "join the money revolution". Wahed Invest Ltd, an online investment platform, ran six posters on various Transport for London (TfL) services, including the London Underground and on buses, last September and October. - 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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