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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: Gas power stations, Apple, Raleigh

(Sharecast News) - Trains across parts of north-west England have ground to a halt after a power failure hit the signalling centre controlling the railway in the region. Passengers awaiting Northern and TransPennine trains have been advised not to travel, with widespread cancellations and other services delayed by more than an hour already. - Guardian An eclipse of the sun will force Britain to fire up its gas power stations as solar energy plummets. The National Energy System Operator (Neso), which manages Britain's electricity grid, expects gas-fired plants to step up production as solar output falls by up to 1.3 gigawatts (GW). This is similar to losing the output of two of the UK's operating nuclear reactors. The solar eclipse, which will occur on Wednesday Aug 12, will be the largest visible in the UK since 1999. - Telegraph

Apple has been a "failure" in the AI race, the creator of ChatGPT has claimed, as it seeks to throw out a lawsuit accusing it of stealing the iPhone maker's trade secrets. OpenAI attacked the technology giant's AI efforts as it called on a US judge to dismiss claims of trade secrets theft against two former Apple employees who had quit to join the lab. - Telegraph

The owner of Raleigh, the 139-year-old Nottinghamshire-based bikemaker, is on the verge of collapse after takeover talks fell through. Accell Group, the private equity-owned Dutch bicycle manufacturer owning brands such as Raleigh, Haibike, Lapierre and Ghost, entered court-supervised insolvency proceedings earlier this week. - The Times

Heston Blumenthal's restaurant group has warned that "material uncertainty" lingers over its ability to continue as a going concern despite new funding. Christina Ong, one of Singapore's most successful businesswomen, recently made a strategic investment in the celebrity chef's restaurant businesses to help prop up its balance sheet and fuel potential expansion. - The Times

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Thursday newspaper round-up: AI models, bank taxes, AstraZeneca
(Sharecast News) - Advanced artificial intelligence models have stunned the UK's AI Security Institute (AISI) by carrying out a hacking campaign against real people during a cybersecurity test. The institute said the incident was unprecedented and involved sending targeted emails to software developers in an attempt to pass a cyber challenge. - Guardian
Wednesday newspaper round-up: Palantir, SpaceX, Aston Martin, Ryanair
(Sharecast News) - The software group Palantir paid just £2m in corporation tax in the UK in 2024, despite holding public sector contracts worth hundreds of millions, thanks to tax breaks that are likely to reduce its contributions to governments around the world for years to come. The US-headquartered company, which has harnessed AI to secure lucrative work for the NHS and the Ministry of Defence, is growing exponentially. - Guardian
Tuesday newspaper round-up: Tariffs, used EVs, Apple
(Sharecast News) - A coalition of 25 US states sued the Trump administration on Monday over new tariffs pegged at 10% to 12.5% on goods from 60 trading partners, calling them a pretext for replacing import taxes struck down by the supreme court in February. The states are asking the US Court of International Trade to halt the tariffs, declare them unlawful and order refunds of duties that have already been paid. - Guardian

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