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Tuesday newspaper round-up: Nuclear power, P&O Ferries, Apple

(Sharecast News) - Boris Johnson has told nuclear industry bosses that the government wants the UK to get 25% of its electricity from nuclear power, in a move that would signal a significant shift in the country's energy mix. Johnson on Monday met executives from major nuclear utilities and technology companies including the UK's Rolls-Royce, France's EDF, and the US's Westinghouse and Bechtel to discuss ways of helping to speed up the development of new nuclear power stations. - Guardian

The Dubai-based owner of P&O Ferries is expected to benefit from at least £50m of UK taxpayer support as part of the government's freeport programme, raising questions over its role in the scheme after the sacking of 800 workers. DP World, the Emirati logistics giant behind P&O, runs the UK's second- and third-biggest shipping terminals at Southampton and London Gateway - locations among the first 12 freeports in the UK to be picked by the government last year as a flagship part of its levelling-up agenda. - Guardian

A Civil Aviation Authority (CAA) board member has been forced to quit after breaching conflict of interest rules by holding "a few thousand pounds" worth of shares in the owner of British Airways. Garry Copeland, a former British Airways director of engineering, has stepped down after being hired as a non-executive last September to help the CAA deliver on "its strategic safety objectives". - Telegraph

The boss of one of Britain's biggest motor dealers will be expected to explain why he rejected a £400 million takeover attempt by one of its largest shareholders when he delivers full-year results today. Shares in Pendragon jumped by more than 20 per cent yesterday after it emerged at the weekend that Hedin Group had tabled a 28p-a-share offer for the London-listed dealership weeks ago. - The Times

Apple is set to take another three floors at 22 Bishopsgate, the City of London's newest skyscraper, in the latest sign of the technology giant's commitment to offices and to Britain. It is the second time in the past six months that the company, which has a stock market value of more than $2.5 trillion, will have expanded its presence in the building. - 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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