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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.

Sunday newspaper round-up: Gaza, Ryanair, Pearson...

(Sharecast News) - Lord Cameron has joined forces with his German counterpart to call for a "sustainable ceasefire" in the Middle East and warn that "too many civilians have been killed" in the Hamas-Israel conflict. In a marked change of tone by the government which piles pressure on the Israeli government to end the bloodshed, the foreign secretary has united with Annalena Baerbock, the German foreign minister, to demand "a sustainable ceasefire, leading to a sustainable peace". - The Sunday Times

Ryanair boss Michael O'Leary is on track to earn a €100mn bonus after the low-cost airline's shares hit a record high this week. Shares rose to €18.99 on Friday, bringing their gains for the year to more than 50 per cent and underlining Ryanair's position as by far the most valuable airline in Europe. Under a bonus scheme agreed in 2019, O'Leary can earn share options worth around €100mn if the airline's share price hits €21 for 28 days, or it reports €2.2bn in annual profits after tax. - Financial Times

Pearson's largest shareholder has called for the company to move its listing to the US, in another blow to the London stock market. Cevian Capital has singled out the FTSE 100 educational publisher as the next company in its portfolio that should make a move to New York. The activist investor argues that the shift would be better for the business and comes just months after it managed to convince Irish building products group CRH to move their primary listing across the Atlantic. - Mail on Sunday

Petrol prices have fallen to their lowest in more than two years, the RAC has said. A litre of unleaded petrol now costs 142.57p on average at the pumps, a price not seen since the end of October 2021. That is about 10p a litre cheaper than in the run-up to last Christmas and about 14p less than the litre price two months ago. Diesel prices have not fallen. - The Guardian

The £300,000-a-year boss of one of Britain's busiest railway lines has agreed to resign after a string of overhead power and track failures, including one that left thousands of passengers stranded on trains for hours. Michelle Handforth, Network Rail managing director for the Wales & Western region from Paddington, is stepping down after the rail regulator launched an investigation into "poor punctuality" caused by repeated faults and emergency closures. - The Independent

Campaigners are pressing for changes to a UK government scheme for would-be first-time buyers that "fines" people if they use it to buy a home costing more than £450,000. Martin Lewis, the founder of MoneySavingExpert.com, is among those calling for an urgent revamp of the rules that apply to lifetime Isas, which let people save for a first home or for their retirement. Lewis told Guardian Money this week that the scheme was, in its current form, "broken" because it unfairly takes money off some young people and they get back less than their investment. - The Guardian

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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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