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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.

Tuesday newspaper round-up: Deliveroo, Asda, Ericsson

(Sharecast News) - Books, stationery, phone chargers, toys and exam study guides are the latest items to be ferried to customers on fast-track delivery bikes via a partnership between WH Smith and Deliveroo. The high street retailer will offer 600 products for delivery in as little as 20 minutes, joining similar services offered by supermarkets, pharmacies and takeaways. - Guardian Asda faces a legal wrangle with Waitrose after unveiling a new £45m cut-price grocery range with a similar name to its pricier rival's established discount brand. Waitrose, which has used the Essential Waitrose brand for about 13 years, said it had sent a legal letter to its bigger rival over its new brand name Just Essentials by Asda on Monday. - Guardian

Brussels has launched a legal challenge over the use of British parts in the UK's offshore wind farms. The European Commission submitted its complaint to the World Trade Organisation (WTO), the first such move it has made since Brexit. The UK Government asks offshore wind farm developers to say how many of the parts they are using are from Britain. The UK insists the so-called "local content" request is within the rules of the WTO. - Telegraph

Ukraine has called for a global boycott of the French owner of Decathlon after one of its bosses said it would be "unimaginable" to halt its business in the country. Dmytro Kuleba, the foreign minister in Kyiv, said that the Mulliez group, which owns the Auchan discount brand, Leroy Merlin DIY as well as Decathlon, the sports equipment chain, must pull out of Russia. The group is Russia's largest foreign employer, employing 77,500 in the country. - The Times

Europe's largest activist investor and Norway's sovereign wealth fund will vote against motions at Ericsson's annual shareholder meeting today that would help to reduce board members' responsibility over a payments scandal in Iraq. Cevian Capital, one of Ericsson's biggest investors, said that the telecoms group had failed to provide "required transparency" and that "we still lack the information necessary to make an informed judgment of what went wrong, why and who should be held responsible".- The Times

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Thursday newspaper round-up: Sony Music, Royal Mail, house prices
(Sharecast News) - A leading City lobby group is calling on the next government to bring in scams legislation that forces big tech and social media companies to cough up to £40m a year to reimburse customers and fight fraud on their platforms. The demand came in a 'financial services manifesto' released by UK Finance, which represents banks, payments companies and other financial firms. UK Finance and its 300 membershave long complained about having to shoulder the costs of fraud against their customers, despite a surge in the number of scammers targeting consumers through platforms such as Facebook and Google. - Guardian
Wednesday newspaper round-up: Ryan Salame, Ocado, Shell
(Sharecast News) - The next government should force all tradespeople who install home heat pumps, solar panels and insulation to sign up to a mandatory accreditation scheme to counter mistrust in the industry, a leading consumer group is demanding. A report from Which? found that households face "significant anxiety" in choosing tradespeople to fit low-carbon heating systems, such as heat pumps, and insulation after "press stories about poor work and rogue traders". - Guardian
Tuesday newspaper round-up: Ofwat, Facebook, Deutsche Bank
(Sharecast News) - Ofwat is poised to refuse most water companies' requests to ratchet up consumer bills, with some getting as little as half of what they have asked for, the Guardian has learned. The decision from the water watchdog for England and Wales, Ofwat, has been formally delayed until 11 July because of the general election. Its verdict, known as a draft determination, comes amid a growing crisis in the water sector. - Guardian
Sunday newspaper round-up: Natwest, Shein, Nationwide
(Sharecast News) - NatWest may not be selling shares to the public any time soon following the prime minister's decision to call an election on 4 July. The Treasury has said that an offer will not occur during the election period and Labour has not confirmed whether it would revive plans for the sale should it win. The sale had been expected to take place in June. - The Sunday Times

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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