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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.

Thursday newspaper round-up: Telecoms bills, Dyson, Ocado, Elon Musk

(Sharecast News) - Almost 6 million UK households are struggling to pay their mobile, landline and broadband bills, with the cost of living squeeze forcing many to cut back on essentials such as food and clothes, cancel or change a service, or miss payments to stay connected. A report from the consumer group Which? estimates that 5.7 million households have experienced at least one "affordability issue" in April, as cash-strapped homes struggle to cope with soaring bills and other costs. - Guardian The technology company Dyson has been fined more than £1m after one of its employees was injured when a giant milling machine fell on top of him. Dyson was ordered to pay £1.2m at Swindon magistrates court for failing to properly train its staff in handling the kit. The firm pleaded guilty to breaching health and safety laws. - Guardian

A senior City lawyer who told a client to "burn" chat logs to prevent evidence reaching Ocado could face prison for contempt of court. Raymond McKeeve, a former partner at Jones Day, was found by a High Court judge to have intentionally destroyed documents to stop data being searched at a company created by Jonathan Faiman, Ocado's co-founder. A search order had been issued after Ocado accused Mr Faiman's company of stealing corporate intelligence. - Telegraph

The Serious Fraud Office has convicted a fraudster of encouraging thousands of people to invest in properties in the Caribbean that were never built. David Ames has been found guilty on two counts of fraud by abuse of position for his role in the seven-year scheme as head of Harlequin Group. Mr Ames convinced 8,000 investors to pay a 30pc deposit on an unbuilt villa or hotel room and took half of the money as fees for the company and salesmen. - Telegraph

Elon Musk is seeking details from Goldman Sachs and JP Morgan Chase about how the two banks advised Twitter when the Tesla boss was pursuing his $44 billion takeover of the social media company. Twitter is attempting to force Musk to complete the buyout, which the billionaire said in July he was backing out of over claims that the business had breached the terms of an agreement. - The Times

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Thursday newspaper round-up: Sony Music, Royal Mail, house prices
(Sharecast News) - A leading City lobby group is calling on the next government to bring in scams legislation that forces big tech and social media companies to cough up to £40m a year to reimburse customers and fight fraud on their platforms. The demand came in a 'financial services manifesto' released by UK Finance, which represents banks, payments companies and other financial firms. UK Finance and its 300 membershave long complained about having to shoulder the costs of fraud against their customers, despite a surge in the number of scammers targeting consumers through platforms such as Facebook and Google. - Guardian
Wednesday newspaper round-up: Ryan Salame, Ocado, Shell
(Sharecast News) - The next government should force all tradespeople who install home heat pumps, solar panels and insulation to sign up to a mandatory accreditation scheme to counter mistrust in the industry, a leading consumer group is demanding. A report from Which? found that households face "significant anxiety" in choosing tradespeople to fit low-carbon heating systems, such as heat pumps, and insulation after "press stories about poor work and rogue traders". - Guardian
Tuesday newspaper round-up: Ofwat, Facebook, Deutsche Bank
(Sharecast News) - Ofwat is poised to refuse most water companies' requests to ratchet up consumer bills, with some getting as little as half of what they have asked for, the Guardian has learned. The decision from the water watchdog for England and Wales, Ofwat, has been formally delayed until 11 July because of the general election. Its verdict, known as a draft determination, comes amid a growing crisis in the water sector. - Guardian
Sunday newspaper round-up: Natwest, Shein, Nationwide
(Sharecast News) - NatWest may not be selling shares to the public any time soon following the prime minister's decision to call an election on 4 July. The Treasury has said that an offer will not occur during the election period and Labour has not confirmed whether it would revive plans for the sale should it win. The sale had been expected to take place in June. - The Sunday Times

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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