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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: Twitter, Uber, dairy shortages, Purplebricks

(Sharecast News) - Elon Musk could be forced by a US court to complete his $44bn takeover of Twitter, according to legal experts, despite pulling the plug on the transaction. The Tesla chief executive told Twitter on Friday that he is terminating the deal, citing concerns over the number of spam accounts on the social media platform. Twitter's chairman, Bret Taylor, responded with a tweet stating that the company intended to "pursue legal action to enforce the merger agreement". - Guardian

Uber lobbied the French President Emmanuel Macron in the hope of writing future laws regulating taxi app services, leaked documents have revealed. Mr Macron is said to have held a meeting with executives from the taxi company that they described as "spectacular" when he was serving as economy minister in 2014, as Uber sought to disrupt the existing market. - Telegraph

Britain is on the edge of dairy shortages as a crippling lack of workers forces farmers to slash production, the country's biggest milk and butter maker has warned. Arla Foods, the company behind Lurpak butter and Cravendale milk, also predicted that dairy prices will surge even higher with grocery bills already rising at the fastest pace in 13 years. - Telegraph

Rishi Sunak and Grant Shapps, the prime ministerial hopefuls, should share the blame for the delays and cancellations chaos at airports this summer, the boss of one of the country's leading airline services companies has said. Philipp Joeinig, chief executive of Menzies Aviation, which provides check-in services, baggage handling and refueling for the likes of easyJet, American Airlines and Delta Air Lines worldwide, says that the staff shortages blighting the industry were predictable and preventable. - The Times

An activist investor that has built a 4 per cent stake in Purplebricks has called for the chairman of the online estate agency to resign, citing a plunge in the company's share price and rapid level of cash burn. Shares in Purplebricks have fallen 85 per cent since it listed on Aim in 2015, after a series of profit warnings and operational blunders, causing market value to shrink to just over £45 million, from £240 million. - 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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