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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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(Sharecast News) - The energy price cap in Great Britain will fall to the equivalent of £1,568,a year this summer after a drop in wholesale gas prices. Set by the energy regulator, Ofgem, the cap reflects the average annual dual-fuel bill for 29m households and takes effect from July until the end of September. The cap, which is set quarterly, will fall £122 in July from its current level of £1,690, easing the pressure on household finances. - Guardian
Thursday newspaper round-up: Mike Lynch, smart meters, Very Group
(Sharecast News) - San Francisco federal courthouse on Thursday as a key witness in his own criminal fraud trial, which began in March. US authorities have charged the former software tycoon with 16 counts of wire fraud, securities fraud and conspiracy relating to his company's acquisition deal with Hewlett-Packard in 2011. If convicted, Lynch faces up to 25 years in prison. He has pleaded not guilty. - Guardian
Wednesday newspaper round-up: Anglesey power station, electric cars, Eurostar passengers
(Sharecast News) - Ministers have earmarked north Wales as the site of a large-scale nuclear power plant, which is part of plans to resuscitate Britain's nuclear power ambitions. Wylfa on Anglesey (Ynys Môn) has been named as the preferred site for the UK's third major nuclear power plant in a generation, coming after EDF's Hinkley Point C nuclear plant, which is under construction in Somerset, and its Sizewell C nuclear project planned for Suffolk. - 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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