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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: Apple, CBI, PwC

(Sharecast News) - Apple has lifted the lid on the worst kept secret in Silicon Valley and revealed the Vision Pro, a $3,499 VR headset. "With Vision Pro, you're no longer limited by a display. Your surroundings become an infinite canvas," the Apple chief executive, Tim Cook, said. "Vision Pro blends digital content into the space around us. It will introduce us to Spatial Computing." - Guardian The future of Britain's most prominent business lobby group, the Confederation of British Industry, is on a knife-edge as it relies on the backing of trade bodies in a crunch vote. The CBI has been canvassing support from its members ahead of an extraordinary general meeting on Tuesday that will decide on its fate after sexual misconduct allegations revealed by the Guardian. - Guardian

Houses are taking twice as long to sell today as they did a year ago, as rising mortgage rates make it harder for buyers to afford homes. On average, it took home sellers 49 days to find a buyer in May, up from 26 days in the same month in 2022, according to analysis of Connells Group data by Hamptons. - Telegraph

The former owner of In The Style, a fast-fashion retailer once worth £100 million, plans to bypass shareholders and enter compulsory liquidation. Adam Frisby founded the online retailer in his bedroom ten years ago. It built a following thanks to collaborations with Charlotte Crosby, a star of the television show Geordie Shore, and Stacey Solomon, a panellist on ITV's Loose Women. - The Times

PwC has given the names of at least 67 of its consultants, including some based in the UK, to Australian politicians investigating a tax leak scandal that threatens the firm's global reputation. In response to questions, PwC has written to the Australian Senate giving the names of current and former staff potentially connected to the leaking of confidential government tax plans. - The Times

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Wednesday newspaper round-up: Aviva Investors, HSBC, car finance
(Sharecast News) - One of the UK's biggest pension funds has lost more than £350m on a series of "calamitous" investments in incinerator power plants that are expected to go bust in the coming days. The Guardian understands that Aviva Investors will put three incinerators into administration this week after pouring millions of pounds into what has been described as the country's "dirtiest form of power generation". - Guardian
Tuesday newspaper round-up: Starling Bank, Asos, Morrisons
(Sharecast News) - Staff have resigned at Starling Bank after its new chief executive demanded thousands of workers attend its offices more regularly, despite lacking enough space to host them. In his first major policy change since taking over from the UK digital bank's founder, Anne Boden, in March, Raman Bhatia has ordered all hybrid staff - many of whom were in the office only one or two days a week, or on an ad-hoc basis - to travel to work for a minimum of 10 days each month. - Guardian
Monday newspaper round-up: Energy bills, Black Friday, Lloyds Bank, Sephora
(Sharecast News) - Household energy bills across Great Britain are set to rise at the start of next year, analysts predict, putting more pressure on household finances. Officially, the price cap for January-March 2025 will be set on Friday morning by regulator Ofgem, limiting what energy providers can charge in England, Scotland and Wales. - Guardian
Sunday newspaper round-up: Kursk, AstraZeneca, BAE Systems
(Sharecast News) - America's President has authorised Ukraine to employ long-range ATACMS supplied by the US to strike targets inside Russia. More specifically, Kyiv will now be allowed to strike targets within the Kursk region, the New York Times reported. Speculation may increase that permission from Britain, the US and France to do the same with Storm Shadow missiles could follow. Joe Biden's decision is said to have been triggered by the appearance of North Korean troops in the Kursk region. - The Sunday Telegraph

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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