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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.

Thursday newspaper round-up: Meta, AA, Go-Ahead, carbon emission permits

(Sharecast News) - An extraordinary battle pitting New York multimillionaires against their billionaire neighbours is expected to reach fever pitch on Thursday when local politicians in the Hamptons vote on proposals to close an airport in the super-rich enclave. The East Hampton town board is expected to vote in favour of a plan to "deactivate" the local airport that buzzes with helicopters and private jets ferrying the uber-wealthy from Manhattan to their luxury beach houses. - Guardian Mark Zuckerberg has a fascination with ancient Rome, but last week a court decision threatened the future of another empire: his own. Judge James Boasberg said the US competition watchdog can pursue the break up of Meta - the owner of Facebook, Instagram and WhatsApp - paving the way for a costly and lengthy legal battle. Boasberg had dismissed the Federal Trade Commission's first attempt in June, but this time he was swayed by a revised FTC complaint under its new chair, Lina Khan. - Guardian

The AA has told unvaccinated staff that they will no longer receive sick pay if they are unable to work while self-isolating due to coming into contact with someone who has Covid. In an email sent to the AA's 7,000 staff and seen by The Telegraph, the roadside assistance company said that workers who turn down the vaccine and have no medical exemption face unpaid periods of quarantine, which lasts 10 days for unjabbed contacts of a Covid case. - Telegraph

Good chefs have always been in high demand but Covid means they are now scarcer than ever, scattered across the world rather than in Britain. Neil Harris, at recruiter Hashtag Chefs, says: "A lot of Europeans went home and never came back. A lot of people like the Aussies, New Zealanders and South Africans are not coming over at the moment because of the pandemic." Salaries are up by as much as 30pc, says Harris. On Wednesday Bob Bob Ricard, a French and Russian-themed restaurant in London's Soho district, advertised a salary of £91,000 for a head chef - plus on-site dining of up to £6,000 per year - as restaurants and hotels compete for talent. - Telegraph

Troubles at Go-Ahead deepened after the transport group announced yesterday that the company's senior independent director and head of the board's audit committee would stand down with immediate effect after further votes against his appointment at the recent annual meeting came to light. Shares in Go-Ahead are suspended from trading after the company discovered last year that "serious errors" had led to its failure to return at least £25 million to the taxpayer from its operation of Southeastern Trains. - The Times

Industrialists have criticised a government decision not to intervene to push down the price of carbon-emission permits, stoking a row between ministers and business over rising energy costs. Prices have nearly doubled in the past six months, from £40 per tonne of carbon dioxide to more than £70. The spike has triggered a "cost containment mechanism" that allows ministers to step in but they have refused to do so for a second month in a row. - 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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