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Monday newspaper round-up: Twitter, Uber, dairy shortages, Purplebricks

(Sharecast News) - Elon Musk could be forced by a US court to complete his $44bn takeover of Twitter, according to legal experts, despite pulling the plug on the transaction. The Tesla chief executive told Twitter on Friday that he is terminating the deal, citing concerns over the number of spam accounts on the social media platform. Twitter's chairman, Bret Taylor, responded with a tweet stating that the company intended to "pursue legal action to enforce the merger agreement". - Guardian

Uber lobbied the French President Emmanuel Macron in the hope of writing future laws regulating taxi app services, leaked documents have revealed. Mr Macron is said to have held a meeting with executives from the taxi company that they described as "spectacular" when he was serving as economy minister in 2014, as Uber sought to disrupt the existing market. - Telegraph

Britain is on the edge of dairy shortages as a crippling lack of workers forces farmers to slash production, the country's biggest milk and butter maker has warned. Arla Foods, the company behind Lurpak butter and Cravendale milk, also predicted that dairy prices will surge even higher with grocery bills already rising at the fastest pace in 13 years. - Telegraph

Rishi Sunak and Grant Shapps, the prime ministerial hopefuls, should share the blame for the delays and cancellations chaos at airports this summer, the boss of one of the country's leading airline services companies has said. Philipp Joeinig, chief executive of Menzies Aviation, which provides check-in services, baggage handling and refueling for the likes of easyJet, American Airlines and Delta Air Lines worldwide, says that the staff shortages blighting the industry were predictable and preventable. - The Times

An activist investor that has built a 4 per cent stake in Purplebricks has called for the chairman of the online estate agency to resign, citing a plunge in the company's share price and rapid level of cash burn. Shares in Purplebricks have fallen 85 per cent since it listed on Aim in 2015, after a series of profit warnings and operational blunders, causing market value to shrink to just over £45 million, from £240 million. - The Times

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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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