Crossword Genius

Intelligence shown by bidders giving their opponents hiding (4)

Ross

I believe the answer is:

news

'intelligence' is the definition.
(I know that intelligence can be written as news)

I don't understand the remainder of the clue.

(Other definitions for news that I've seen before include "Noteworthy information" , "Sewn (anag.)" , "Fresh tidings" , "that's aired at six o'clock" , "Important information" .)

I've seen this clue in The Guardian.
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