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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.

Monday newspaper round-up: Betting companies, British Airways, Netflix

(Sharecast News) - Betting company logos appear as often as 3,500 times during the course of a televised football match, the majority on pitchside hoardings, prompting renewed scepticism about top-flight clubs' plan to give up front-of-shirt betting ads only. A study led by psychology experts from four universities measured the volume of gambling adverts during 10 matches that took place last season, featuring every Premier League club. - Guardian Some of the UK's largest investors have backtracked on their support for a shareholder resolution that would force the big oil companies to cut their carbon emissions, according to a campaign group. Asset managers at Legal & General, abrdn and Janus Henderson voted against the climate resolutions put forward by Follow This, a Dutch shareholder activist group, at the annual general meetings of the US oil companies Chevron and ExxonMobil this year, having voted in favour of them in previous years. - Guardian

British Airways (BA) is bringing back free cups of tea and coffee for economy customers on some of its short haul flights this summer, six years after a cost-saving drive axed the service. Sean Doyle, chief executive of BA, announced the measure by telling staff "we want to surprise and delight customers," in a message first reported by the Sunday Times. - Telegraph

A record number of people are paying to use Netflix, the streaming service is expected to reveal this week, after it began a crackdown on password sharing and released a cheaper tier with adverts. Analysts estimate that the company added 1.8 million subscribers in the last quarter, a modest increase that would take its paying audience to about 234.5 million. - The Times

Tesco is pushing suppliers to pass on savings from falling costs as Britain's biggest supermarket sets out to cut prices more aggressively than its rivals. In a presentation to its grocery suppliers on Thursday, Tesco characterised the market as moving from "inflation to deflation" and made clear it intended to lead on price cuts. - 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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