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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.

Wednesday newspaper round-up: Kaisa Group, Porsche, British Airways, Zopa

(Sharecast News) - Trading in shares of embattled Chinese developer Kaisa Group Holdings have been suspended on the Hong Kong stock exchange, prompting fresh nerves about the financial stability of the country's massive property sector. The suspension on Wednesday comes after Kaisa was reportedly unlikely to meet a dollar bond repayment of $400m (£301m) by the deadline of Tuesday night in the US, Reuters said, citing a source with direct knowledge of the matter. - Guardian Volkswagen is still considering a stock market listing of its luxury sports car brand Porsche, according to reports, as it looks to raise capital for a costly shift towards electric vehicles. Estimates for what Porsche could be worth as a standalone company range between €45bn and €90bn (£38bn and £77bn). - Guardian

British financial services exports to the US outstripped those to the European Union in 2020 for the first time since the Brexit vote as the City shifts its focus away from the Continent. Around 34pc of exports by banks and finance companies went to America in 2020, according to research by the banking lobby group TheCityUK, compared to 30pc to the EU. The US was in pole position for the first time since it started collecting data in 2016. - Telegraph

Gatwick was once the bright and shining future for British Airways. Robert Ayling, the airline's chief executive in the late 1990s and the man who brought us both the London Eye and the 02 Centre, had no doubt about it. "BA now firmly believes that Gatwick is at last one of the best transfer hubs in the world and is determined to be at the forefront of its future," he said in 1997. The airline boasted of the "hub without the hubbub" in an advert filmed in a full-scale replica of a Gatwick terminal built at Pinewood Studios. Ayling's big push was the culmination of much head-scratching at BA - not only on what to do with Gatwick, a potentially weak southern flank to its fortress at Heathrow - but also the bigger quandary of how to grow. - The Times

Zopa is to exit the peer-to-peer lending market that it pioneered, in the latest sign of the decline of the once promising industry. Jaidev Janardana, chief executive, said that it would close its peer-to-peer book in January after concluding it was no longer "commercially viable". - The Times

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(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
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(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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