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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: Energy suppliers, JLR, business optimism

(Sharecast News) - Switching between energy suppliers is expected to return later this year after a two-year pause due to lack of competition amid high bills. The energy consultancy Cornwall Insight said on Monday that easing costs later this year would present consumers with the chance to "take back some control" over their bills, as suppliers compete for customers again. - Guardian Switching to a four day week makes companies more money while also boosting staff happiness and reducing burnout, a major study has suggested. The landmark research project run in part by the University of Cambridge has found that, on average, businesses adopting a four-day working pattern increased their revenues by more than a third. It comes amid a fierce debate about how to solve Britain's long-running productivity crisis. - Telegraph

Jaguar Land Rover is racing to hire tech workers who have been laid off across Europe as it attempts to develop a self-driving car. The company (JLR) intends to recruit 100 more engineers at new hubs in Munich, Germany; Bologna, Italy; and Madrid, Spain. Its recruitment drive follows a wave of redundancies at big tech companies following a global slowdown. The parent companies of Google and Facebook are axing 23,000 jobs between them, with many other players following suit. - Telegraph

Bosses of small companies are increasingly upbeat about their prospects, according to a survey, adding to evidence that the outlook for the British economy may not be as bad as has been feared. A poll of small and medium-sized firms commissioned by Barclays found that 41 per cent were optimistic about their outlook, the highest level since the second quarter of last year. Fifty-five per cent were expecting to increase revenues this quarter compared with a year earlier, while a third were planning to hire more staff in the next 12 months. - The Times

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Sunday newspaper round-up: Rentokil, Ukraine, Crowdstrike
(Sharecast News) - BT's former chief executive officer, Philip Jansen, is plotting to takeover Rentokil Initial with the help of private equity. As part of the acquisition, Jansen would take over as executive chairman. In particular, the corporate dealmaker and his financial supporters would focus on making Rentokil's 2022 purchase of US peer Terminix work. In a second phase, the company would move on to acquiring other US companies in the same sector. - Sunday Times
Thursday newspaper round-up: Aslef, unemployment, Microsoft
(Sharecast News) - The co-founders of Silicon Valley's most prominent venture capital firm have announced their support for Donald Trump's bid for re-election, and plan to make substantial donations to back him further. Ben Horowitz and Marc Andreessen, the heads of Andreessen Horowitz, commonly known as A16Z, revealed their plans in a sprawling 90-minute podcast, in which they argued that the future of "American innovation" required a Trump victory. - Guardian
Wednesday newspaper round-up: Harland & Wolff, Octopus Energy, Microsoft
(Sharecast News) - Local councils will have to adopt mandatory housing targets within months under planning reforms to be unveiled on Wednesday as part of Keir Starmer's first king's speech, which the prime minister says will be focused on economic growth. Starmer will introduce a package of more than 35 bills on Wednesday, the first Labour prime minister to do so in 15 years, as he looks to put the economy at the centre of his first year in office. - Guardian
Tuesday newspaper round-up: Elon Musk, Julian Dunkerton, SSE/TotalEnergies
(Sharecast News) - Elon Musk has said he plans to give $45m a month to a Super Pac focused on electing Donald Trump, starting in July, the Wall Street Journal has reported. The tech billionaire, who endorsed Trump two days ago, has already donated what was described as "a sizable amount" to the America Pac, though the actual amount of the donation will not be made public in election filings until 15 July, Bloomberg reported. - 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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