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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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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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