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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: Unilever, civil servants, Wegovy

(Sharecast News) - Unilever could face a potential row with shareholders after it emerged that the new boss of the consumer goods company can earn up to €17.4m (£14.9m) this year if he hits maximum targets. Hein Schumacher, who joined the owner of Marmite, Domestos and Dove in June last year, took home €3.9m for his first six months as chief executive. He earned a €1.86m annual bonus on top of his €1.4m in basic pay and benefits, which included €292,492 to help cover his relocation to the UK, according to Unilever's annual report published on Thursday. - Guardian Thousands of people in the UK are being deemed incapable of any work every month due to mental health problems, figures have shown. According to official data published by the Department for Work and Pensions (DWP), at least 20,000 incapacity benefit claims are for mental health problems - making up more than two-thirds of the total. - Guardian

Ministers are planning to crack down on telegraph poles following a community backlash over unsightly broadband infrastructure. Data minister Julia Lopez has written to network operators including BT's Openreach and Virgin Media O2 urging them to curb the installation of new telegraph poles as they expand full-fibre services. - Telegraph

Civil servants at Britain's official statistics body have threatened to go on strike after being asked to work in the office for two days a week. More than 1,000 employees at the Office for National Statistics (ONS) are being balloted over strike action after bosses told them to stop working from home full time. - Telegraph

Surging demand for Wegovy has helped the Danish economy to dodge recession, with the country's growth last year almost entirely driven by Novo Nordisk, the pharmaceuticals group behind the weight-loss jab. Official figures from Denmark's statistics agency show that the country's drugs industry, which is dominated by Novo Nordisk, powered the economy's 1.8 per cent growth in 2023, helping Denmark to avoid the stagnation that has affected most European economies. - The Times

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Wednesday newspaper round-up: Amazon, dividends, Weardale Lithium
(Sharecast News) - Amazon profits soared once again in the first quarter of 2024, the company announced on Tuesday - the latest in a series of robust earnings reports for the retail giant. The company attributed the boost to artificial intelligence and advertising sales. Amazon reported overall revenue of $143.3bn in the first three months of the year - up 13% from the same period in 2023 and surpassing Wall Street expectations of $142.65bn. The e-commerce giant reported an increase of more than 200% to $15bn, with net income more than tripling to $10.4bn from $3.17bn at the same time in 2023. - Guardian
Tuesday newspaper round-up: Meta, ExxonMobil, Very Group
(Sharecast News) - The Federal Communications Commission on Monday fined the largest US wireless carriers nearly $200m for illegally sharing access to customers' location information. The FCC is finalizing fines first proposed in February 2020, including $80m for T-Mobile; $12m for Sprint, which T-Mobile has since acquired; $57m for AT&T, and nearly $47m for Verizon. - Guardian
Monday newspaper round-up: Thames Water, Brexit, Babylon
(Sharecast News) - Senior Whitehall officials fear Thames Water's financial collapse could trigger a rise in government borrowing costs not seen since the chaos of the Liz Truss mini-budget, the Guardian can reveal. Such is their concern about the impact on wider borrowing costs for the UK, even beyond utilities and infrastructure, that they believe Thames should be renationalised before the general election. Officials in the Treasury and the UK's Debt Management Office fear that, unless the UK's biggest water company is renationalised as soon as possible, "prolonged uncertainty" about its fate could "damage confidence in UK plc at a sensitive time", with elections in the UK and the US later this year. - Guardian
Sunday share tips: Centrica, Lancashire Holdings
(Sharecast News) - The Sunday Times's Lucy Tobin told her readers to book their profits in Centrica and 'sell'.

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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