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Monday newspaper round-up: Black Friday, Gail's, Evri, Amazon

(Sharecast News) - Shoppers held back from visiting high streets over Black Friday, data shows, amid fears weak consumer spending will put the brakes on economic growth in 2026. Visitors to all UK shopping destinations were down 2% on Friday and 7.2% compared with the equivalent days last year, according to the monitoring company MRI Software, with locations near central London offices among the few to experience a lift in visits. - Guardian The upmarket bakery chain Gail's is planning 40 more outlets after sales rose by a fifth last year as it opened 36 new bakeries and sales to supermarkets increased. The cafe and retailer, which currently has 185 sites, said sales rose to £278m in the year to the end of February but that pre-tax losses widened to £7.8m, from £7.4m a year before, as costs rose and it spent millions on opening new outlets, according to accounts filed at Companies House. - Guardian

Britain's worst parcel delivery company paid out a £108m dividend last year, just months after it was bought by US private equity giant Apollo. Evri, which was named the UK's worst courier for the third year running by the regulator Ofcom last month, paid the money into its parent company in the year to March. - Telegraph

Amazon is scaling back its British drone delivery plans after the tech giant had its wings clipped by local planning officers. The internet retailer has cut back the frequency of planned drone flights by more than half as it waits for approval to launch Britain's first drone deliveries next month. - Telegraph

The High Court is due to hear claims that Lloyds Banking Group should pay £280 million for alleged failings in relation to a £1.2 billion scam. Lloyds and Bank of Scotland are accused of breaching banking mandates and duties of care by processing fraudulent payment instructions related to Arena, a television equipment business at the centre of what is purported to be Britain's "largest ever" asset-based lending fraud. - The Times

Google's move into its London "landscraper" has been pushed back until next year, The Times understands. Repeated delays to the works mean that teams will not start taking residence in the US tech company's massive £1 billion European headquarters, known as Platform G, until some point in 2026. Google did not respond to requests for comment. - The Times

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Wednesday newspaper round-up: News Corp, BBC, Asda
(Sharecast News) - News Corp's global chief executive has described news organisations as a valuable "input" for artificial intelligence, as the media empire signs an AI content licensing deal with Meta worth up to US$50m (A$71m) a year. In an upbeat presentation, the chief executive of Rupert Murdoch's company, Robert Thomson, said the "reliable" breaking news and information in publications like the Australian, the Times of London and Dow Jones was "hard to beat" as an "input" for AI. - Guardian
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(Sharecast News) - The AI model Claude has surged in popularity after being blacklisted by the Pentagon last week over ethics concerns. Claude climbed to the No 1 spot on Apple's chart of top free apps on Saturday in the US - dethroning OpenAI's ChatGPT, just one day after the Pentagon tapped OpenAI to supply AI to classified military networks. The bot's app climbed the iPhone app charts in the UK but did not beat out ChatGPT. Claude also raced up the Android charts in the US and UK, though ChatGPT reigned supreme, according to data from Sensor Tower. - Guardian
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(Sharecast News) - Rachel Reeves must reform the Office for Budget Responsibility (OBR) to open the way to more public investment, an alliance of thinktanks has argued ahead of the chancellor's spring forecast on Tuesday. With Keir Starmer's government under intense pressure after Labour's defeat by the Greens in Thursday's Gorton and Denton byelection, the thinktanks called on Reeves to review the watchdog's remit. - Guardian
Friday newspaper round-up: Mandelson, social media, Lloyds
(Sharecast News) - Peter Mandelson is facing an inquiry by the EU's anti-fraud agency after the European Commission requested the body look into his activities during his time as trade commissioner in Brussels. The commission said it referred the peer, 72, to the European Anti-Fraud Office, known as Olaf, last week after the US Department of Justice released documents allegedly showing he shared sensitive government information with sex offender Jeffrey Epstein. - 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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