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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: Phones4U, Aston Martin, LV

(Sharecast News) - ExxonMobil and Chevron are the world's most obstructive organisations when it comes to governments setting climate policies, according to research into the "prolific and highly sophisticated" lobbying ploys used by the fossil fuel industry. The biggest US oil companies, as well as American Petroleum Institute, a lobby group, were found to be the worst offenders in a global report by lobbying experts at the thinktank InfluenceMap. It concluded that companies were manipulating governments to take "incredibly dangerous paths" in their approach to climate action. - Guardian A senior executive of France's national telecoms operator sought to arrange a call with a rival on untraceable "burner" mobiles as part of an unlawful plot that led to the collapse of the retailer Phones 4U, according to a potentially explosive High Court claim. Benoit Scheen, who in 2014 oversaw European businesses outside France for Orange, including its 50pc stake in the British mobile network EE, allegedly approached Philipp Humm of Vodafone via text message. - Telegraph

Nestled in the Swiss countryside on the outskirts of St Gallen is a luxury car showroom that more closely resembles an elite members club. Visitors are invited to lounge in front of an open fireplace and enjoy food prepared by a resident chef as they decide whether to part with wads of cash. For years the space, run by businessmen Florian Kamelger and Andreas Baenziger, is where some of the world's wealthiest individuals have chosen to splash millions of pounds on Aston Martin's limited edition cars - the most expensive and prestigious on offer. - Telegraph

The board of LV= is facing mounting criticism over the decision to sell the mutual insurer to an American private equity firm after it emerged that most of its 1.2 million members stand to receive only £100 each from the £530 million deal. The customer-owned mutual formerly known as Liverpool Victoria yesterday revealed the details of its plan to sell itself to Bain Capital, after first agreeing the takeover last December. - The Times

The costs of green home heating systems will fall dramatically, the boss of Ofgem has predicted. Jonathan Brearley said that he expected costs to fall in the same way as they had for other green technologies, such as offshore wind and electric vehicles. - 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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