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Monday newspaper round-up: Scottish Power, South East Water, Elon Musk

(Sharecast News) - Scottish Power has been ranked Britain's worst energy supplier for customer service in a survey from a leading consumer body that placed many of the UK's biggest suppliers at the bottom of the league table. British Gas and EDF Energy were just above Scottish Power at the foot of the annual Which? rankings. These are based on a satisfaction survey of almost 12,000 energy customers and a Which? assessment of each supplier's customer service. - Guardian Thousands of residents across Kent are still dealing with water supply issues after yet more outages from the under-fire operator, South East Water. The water supply of more than 5,500 households was affected on Sunday evening due to a treatment works fault, a power outage and two burst mains. A major incident was declared earlier this week when 30,000 homes in Kent and Sussex were left without water for days. South East Water has faced heavy criticism from MPs and the public after a similar outage before Christmas left 24,000 people in Tunbridge Wells without drinking water for two weeks. - Guardian

Rachel Reeves is preparing to inject tens of millions of pounds into an Oxford self-driving car pioneer as Labour gets ready to unleash autonomous vehicles on Britain's roads. The £28bn National Wealth Fund (NWF), which is backed by the Treasury, is nearing a deal to plough taxpayer cash into Oxa, the driverless car start-up founded by experts from Oxford University. - Telegraph

Elon Musk is seeking damages of up to $134 billion from OpenAI and its long-time backer Microsoft, claiming he deserves the "wrongful gains" both companies received from his early support. In a federal court filing on Friday, Musk's lawyer claimed the ChatGPT owner gained between $65.5 billion and $109.4 billion from Musk's contributions when he co-founded OpenAI with its chief executive Sam Altman in 2015, while Microsoft, which has a 27 per cent stake in OpenAI, gained between $13.3 billion and $25.1 billion. - The Times

A government-backed campaign to kickstart retail investment in corporate bonds is to be launched on Monday with the introduction of a kitemark system set up to reassure novice investors. Direct investment in the bonds by individuals has collapsed in recent years after EU rules effectively prevented any single investment of less than £100,000. That floor has now been scrapped, allowing bond transactions to start at as little as £1. - The Times

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Tuesday newspaper round-up: Anthropic's Claude, BrewDog, energy bills
(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
Monday newspaper round-up: OBR, Rolls-Royce, small businesses
(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
Thursday newspaper round-up: UK Power Networks, Starlink, farmers
(Sharecast News) - A French utility has agreed to buy the owner of the electricity cables and power lines across London, the south-east and the east of England in a deal worth £10.5bn. Paris-headquartered Engie said on Wednesday that it had struck a deal to buy UK Power Networks (UKPN) in a "major milestone" for the company's ambition to become the "best energy transition utility". - 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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