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Tuesday newspaper round-up: Walmart, hospitality, Unaoil, Selfridges

(Sharecast News) - Major retailers are having to offload Christmas trees for £1 or less after shoppers shied away from UK high streets and retail centres in the last weekend before Christmas. B&Q has cut the price of its fresh trees - some costing £49 or more - to £1 or less at stores around the country. One shopper posted a picture on social media of trees priced as little as 10p in Abingdon, Oxfordshire. - Guardian Walmart illegally dumps more than 1 million batteries, aerosol cans of insect killer and other products, toxic cleaning supplies, electronic waste, latex paints and other hazardous waste into California landfills each year, state prosecutors have alleged. In a lawsuit announced on Monday, the California attorney general, Rob Bonta, accused the retail giant of failing to properly dispose of discarded or returned goods. - Guardian

City traders toasting another successful year would normally pile into pubs and bars on the weekend before Christmas. But this year the wood-panelled rooms in pubs across London fell silent as revellers stayed away - so much so, that some were forced to shut their doors. Clive Watson, chief executive of parent company City Pub Group, has closed venues that survive on business from office workers after the Government's encouragement to work from home triggered an exodus from the City. - Telegraph

The Serious Fraud Office is facing another battle to defend its reputation after judges condemned the agency's prosecution of several former oil industry executives. Lawyers for Paul Bond, one of four men jailed in the Unaoil case, are poised to appeal against the 69-year-old's conviction. A similar verdict against Ziad Akle was quashed earlier this month. - Telegraph

A £4 billion takeover of Selfridges by Central Group, of Thailand, and Signa Group, of Austria, is close to being announced, The Times has learnt. A sale of the department stores group by the Canadian Weston family could be announced as early as this week as both sides try to seal a deal before the new year. - 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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