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Friday newspaper round-up: Royal Mail, rail strikes, Tim Cook

(Sharecast News) - Royal Mail has been hit by a ransomware attack by a criminal group, which has threatened to publish the stolen information online. The postal service has received a ransom note purporting to be from LockBit, a hacker group widely thought to have close links to Russia. Royal Mail revealed that it had been hit by a "cyber incident" on Wednesday, and said it was unable to send parcels or letters abroad. The company asked customers to refrain from submitting new items for international delivery, although domestic services and imports were unaffected. - Guardian Union leaders have agreed to work jointly with train operating companies on a revised pay offer after a meeting to resolve the long-running dispute over remuneration, jobs and conditions. Representatives from the RMT and TSSA unions met on Thursday with the Rail Delivery Group (RDG), representing train operating companies, in an effort to break the deadlock after months of disruption to the network from 24-hour strikes. - Guardian

Tim Cook, chief executive of Apple, is to have his pay package cut by more than 40 per cent to $49 million this year, at his own request. In a US stock market filing last night the tech company said that Cook, 62, will have a "target compensation of $49 million in 2023, a decline of around 40 per cent compared to what he earned in 2022". The Apple chief's latest pay was based on "balanced shareholder feedback, Apple's exceptional performance and a recommendation from Mr Cook," the iPhone maker said in the filing. - The Times

The British Army is to use 3D metal printed parts to repair armoured vehicles for the first time in a move which could extend the life of much of the force's equipment. The pieces, made using a layering process by adding small amounts of steel to build a part, were fitted to periscopes on Titan armoured bridge launchers and Trojan minesweepers. - Telegraph

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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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