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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: House sales, Amazon, energy suppliers

(Sharecast News) - More prospective house sellers are returning to the UK's property market, pushing agreed home sales to their highest point of the year in May, according to Zoopla, although it warned that the rebound in activity could be knocked by rising mortgage rates. House prices have fallen by 1.3% nationally over the past six months, the property website found, but the speed of price falls has been decreasing as buyer confidence slowly improves. - Guardian British households will be asked to voluntarily cut their electricity usage again as Europe faces up to another winter without Russian gas supplies. John Pettigrew, chief executive of National Grid, said he expected the so-called demand flexibility service would return in the coming heating season, in a sign that the energy crisis has not fully abated yet. - Telegraph

Amazon has parachuted in Evri to assist with deliveries as Royal Mail grapples with poor performance in the wake of a long-running industrial dispute. The US tech giant has added Evri - formerly known as Hermes - alongside Royal Mail and DPD to deliver goods on behalf of businesses that sell on Amazon's website. - Telegraph

Energy suppliers are on course to file a record number of winding-up petitions against business customers this year as companies struggle with soaring energy costs. There have been more than 400 attempts by suppliers to shut down companies to reclaim their energy debts over the past decade, according to court filings. The vast majority were made by British Gas, Eon and npower, now part of Eon. - The Times

India's foremost investigative agency has filed a criminal complaint against Rolls-Royce and BAE Systems over historic deals to supply fighter jets to the country. The Central Bureau of Investigation (CBI) alleged that, between 2003 and 2012, the two British firms had engaged in "criminal conspiracy" to "cheat" the government of India over deals to manufacturer dozens of BAE Hawk 115 aircraft, which used Rolls-Royce engines. - 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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