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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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Thursday newspaper round-up: JCB, M&S, smart meters
(Sharecast News) - The British digger maker JCB, owned by the billionaire Bamford family, continued to build and supply equipment for the Russian market months after saying it had stopped exports because of Vladimir Putin's invasion of Ukraine, the Guardian can reveal. Russian customs records show that JCB, whose owners are major donors to the Conservative party, continued to make new products available for Russian dealers well after 2 March 2022, when the company publicly stated that it had "voluntarily paused exports" to Russia. - Guardian
Wednesday newspaper round-up: Brexit border outages, Boeing, Stellantis
(Sharecast News) - Lorries carrying perishable food and plants from the EU are being held for up to 20 hours at the UK's busiest Brexit border post as failures with the government's IT systems delay imports entering Britain. Businesses have described the government's new border control checks as a "disaster" after IT outages led to lorries carrying meat, cheese and cut flowers being held for long periods, reducing the shelf life of their goods and prompting retailers to reject some orders. - Guardian
Tuesday newspaper round-up: Tesco, OpenAI, housebuilding
(Sharecast News) - Tesco is facing criticism from "shocked" charities who say they are struggling to distribute unwanted food to homeless and hungry people after they claim the retailer brought in rules that mean unwanted food can only be collected in the evening. The supermarket group has switched to a new system which asks charities to pick up unwanted food, such as items reaching their best before date, only in the evening when a store is closing rather than the following morning, the charities have claimed. - Guardian
Monday newspaper round-up: BT, ultra-long mortgages, Fever-Tree
(Sharecast News) - BT has said it is increasingly using artificial intelligence to help it detect and neutralise threats from hackers targeting business customers amid repeated attacks on companies. The £10.5bn group is aiming to build up its business protecting customers from online criminals and has patented technology that uses AI to analyse attack data to allow companies to protect their tech infrastructure. British businesses are routinely facing hacking attempts, and some recent high-profile victims have included including the outsourcer Capita, Royal Mail and British Airways. - 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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