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Monday newspaper round-up: French elections, British Airways, Partygate, Twitter, non-doms

(Sharecast News) - Emmanuel Macron won a resounding victory against Marine Le Pen in the presidential run-off, becoming the first French modern head of state to secure re-election while holding executive power. Macron, 44, won with 58.5 percent of the vote against Le Pen's 41.5 per cent after an aggressive second-round campaign in which he cast the leader of the National Rally as a far-right threat to democracy and European security. - The Times British Airways is setting up its maiden overseas base for short-haul flights to combat staff shortages that have sparked the worst wave of cancellations in a decade. The UK flag carrier is to open a cabin crew base in Madrid as bosses scramble to avoid the recent travel chaos lasting throughout the summer. - Telegraph

Britain's hopes of a favourable post-Brexit trade deal with the US risk being undermined by the government's lack of engagement on workers' rights, trade unions have warned. As a second round of US-UK talks begins this week, union leaders from both countries said Washington would push for a "worker-centred approach to trade" to help unlock a deal. - Guardian

A Whitehall report into lockdown-breaking parties in Downing Street is so damning that senior officials believe it could leave Boris Johnson with no choice but to resign as prime minister, The Times has been told. The report by Sue Gray, a senior civil servant, is understood to be highly critical of Johnson both for attending some of the events and the culture in No 10 under his leadership. - The Times

Driving an electric car for a year costs almost £600 less than its petrol equivalent after fuel prices surged more than electricity costs, research by the comparison website Compare the Market has found. Electric vehicles were already cheaper to run, according to figures shared with the Guardian, but the gap has widened significantly amid turmoil in global energy markets caused by the war in Ukraine. - Guardian

Boris Johnson will launch a push for families to take up £2,000 a year in childcare support as he attempts to refocus attention on how the Government can help with the cost-of-living crisis. The Prime Minister is keen to move on from a bruising week that was dominated by the "partygate" scandal, with a number of Tory MPs publicly criticising his leadership. - Telegraph

The chairman of the Commons business select committee has urged Kwasi Kwarteng not to let Downing Street delay legislation needed to bring forward audit and corporate governance reforms. Darren Jones, a Labour MP, has written to the business secretary raising concerns about reports that the legislation has been dropped from next month's Queen's Speech. - The Times

The Labour party has vowed to abolish the "non-dom" tax loophole used by the chancellor Rishi Sunak's wife to save paying up to £20m in UK tax. Rachel Reeves, the shadow chancellor, said it "simply isn't right that those at the top can benefit from outdated non-dom tax perks" while ordinary people struggle with tax rises and the cost of living crisis. - Guardian

Two in three pharmacists are now dealing with medication shortages on a daily basis, research shows, amid growing concern about worsening access to hormone replacement therapy. Pharmacists said they were regularly facing patients "boiling over" with rage amid desperation over shortages of treatments for dozens of conditions. - Telegraph

The board of Twitter is coming under pressure to engage with Elon Musk over his mooted $43 billion takeover bid after the Tesla founder lined up financing for a deal. Musk met key Twitter shareholders late last week and some have since indicated they expect the board to leave the door open for talks, even if his "best and final offer" of $54.20 a share may not be enough to seal a deal. The shares closed at $48.93 on Friday. - The Times

International travel should be protected in future pandemics, MPs have urged, describing the Covid restrictions imposed by the UK government as confusing, arbitrary and disproportionate. The Commons transport select committee said the government should learn lessons from the coronavirus pandemic to create a predictable and transparent system for future public health crises, to support travellers and the aviation industry. - Guardian

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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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