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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.

Friday newspaper round-up: Anthropic, JLR, Apple

(Sharecast News) - Anthropic ⁠said on Thursday its AI Claude model hacked ⁠systems of ⁠three organizations during testing, days after rival OpenAI ⁠revealed a rogue agent had gone on a days-long ⁠hacking spree at AI firm Hugging ‌Face. Claude gained ‌unauthorized access to the ‌systems during cybersecurity evaluations after a misconfiguration allowed the models to reach the internet from testing environments that ‌were supposed to be isolated, Anthropic said. - Guardian England's regional mayors will be able to break out of the "death grip of the Treasury" by borrowing to invest in big projects under "transformational" plans to shift power out of Whitehall. For the first time, mayors will keep a share of income tax generated in their area from 2028, as well as business rates totalling tens of millions of pounds by April 2027. - Guardian

Jaguar Land Rover is cutting hundreds of jobs after last year's crippling cyber attack. On Thursday, the carmaker said around 300 staff and managers would be axed as part of a cost-cutting drive. JLR said affected employees would be offered alternative roles or the option of voluntary redundancy. Production line workers will not to be affected by the cuts. - Telegraph

The number of wealthy non-dom taxpayers shrank by 1,200 last year amid warnings that Labour's tax rises could push even more rich people offshore. New figures from HMRC reveal that 9,000 non-doms - foreign investors living in Britain - left the country or changed their tax status in the financial year ending April 2025. - Telegraph

Apple beat quarterly sales and profit estimates after reporting strong demand for the iPhone in Tim Cook's last earnings report as chief executive. The world's most valuable publicly traded company said sales for the third fiscal quarter ended June 27 were up 16.4 per cent to $109.4 billion, compared with analyst estimates of $108.65 billion. - The Times

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Thursday newspaper round-up: Carmakers, worklessness, Macfarlanes
(Sharecast News) - Carmakers are delaying final decisions to invest in UK factories until electric car sales rules are relaxed, according to the head of the British car industry's lobby group. The chief executive of the Society of Motor Manufacturers and Traders (SMMT), Mike Hawes, said those with existing UK operations were considering building new models, but had held back so far. - Guardian
Wednesday newspaper round-up: Apple, Netflix, grid operators
(Sharecast News) - Andy Burnham has been warned by a leading thinktank of "very difficult trade-offs in the next autumn budget" if the Iran war keeps oil prices and inflation high. The National Institute of Economic and Social Research (NIESR) said the new prime minister faced a "challenging inheritance" and his plans to revamp public services would meet severe pressure from persistently higher prices. - Guardian
Tuesday newspaper round-up: Johnson & Johnson, Amazon, Ocado
(Sharecast News) - Johnson & Johnson said it would pay an estimated $5.5bn to resolve tens of thousands of lawsuits alleging its baby ⁠powder and other talc products caused ⁠ovarian cancer, in a landmark deal that could end a contentious, decade-long legal battle. Johnson & Johnson on Monday said the settlement covers about 76,000 claims, including ones consolidated in a federal court in New Jersey, and related cases in state court, ⁠representing nearly all of the remaining talc claims against the company. - Guardian

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