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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.

Friday newspaper round-up: Water bosses, P&O Ferries, Apple

(Sharecast News) - The annual bonuses paid to water company executives rose by 20% in 2021, despite most of the firms failing to meet sewage pollution targets. Figures show on average executives received £100,000 in one-off payments on top of their salaries, during a period in which foul water was being pumped for 2.7m hours into England's rivers and swimming spots. - Guardian The Dubai-based owner of P&O Ferries has been accused of behaving like "corporate gangsters" after celebrating record-breaking profits just months after sacking 800 of its UK-based workers without notice. DP World, which is ultimately owned by the Dubai royal family, said in March that firing 786 P&O seafarers and replacing them with much cheaper agency workers was the only way to ensure the "future viability" of the historic ferry business. - Guardian

Apple warned of serious security vulnerabilities for iPhones, iPads and Macs that could potentially allow attackers to take complete control of these devices. The tech giant said it is "aware of a report that this issue may have been actively exploited". - Telegraph

German Chancellor Olaf Scholz is slashing tax on household energy bills as Europe's largest economy braces for a winter crisis. The sales tax on gas will be lowered to 7pc from 19pc in an effort to cushion the blow of additional charges being placed on consumers to help prevent suppliers from collapsing. - Telegraph

Anne Pitcher of Selfridges, one of the most recognisable names in British retailing, is standing down at the end of the year after the completion of the department store group's sale. It was announced yesterday that the billionaire Weston family has finalised the disposal to an Austrian and Thai joint venture for a price thought to be close to £4 billion. - The Times

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Monday newspaper round-up: Investment bankers, energy price cap, Raspberry Pi
(Sharecast News) - London's investment bankers are expected to rake in bigger bonuses this financial year, as the City begins to recover from a two-year slump in deals caused by surging interest rates. Demand for investment banking services - such as facilitating mergers and acquisitions, advising companies and governments on fundraising, and underwriting new stock and bonds - was hit by a sharp increase in borrowing rates after the pandemic, as central banks acted to tame runaway inflation. Jobs and pay were cut as investment banks sought to reduce costs. - Guardian
Sunday share tips: Eco Animal Health, Intertek
(Sharecast News) - The Financial Mail on Sunday's Midas column tipped shares of Eco Animal Health to its readers, touting the company's animal drug pipeline.
Sunday newspaper round-up: Britvic, Prices of UK homes, BT Group
(Sharecast News) - Aviva, one of the ten largest shareholders in Britvic, thinks that Carlsberg needs to raise its takeover offer. During the preceding week, Britvic had let it be known that it had already rebuffed two acquisition offers from the Danish brewer, the highest of which had been for £3.1bn. In particular, Aviva said that Carlsberg was not taking sufficiently into account how Britvic's finances were expected to improve over the next few years. - The Financial Mail on Sunday
Friday newspaper round-up: Port Talbot, Elon Musk, Amazon
(Sharecast News) - Tata Steel has told workers it could to cease operations at its steel plant in Port Talbot months earlier than planned because of a strike. The company had been planning to shut down one of the blast furnaces by the end of June and the second one by September. But workers at the south Wales site have been told that Tata plans to cease operations at both furnaces no later than 7 July because of the strike by members of Unite, which starts the following day. - 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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