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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: Post Office, Boohoo, gas supplies

(Sharecast News) - The Post Office and the government need to speed up compensation payments to workers who were victims of the Horizon IT scandal, according to a report by an influential group of MPs. MPs from parliament's Business, Energy and Industrial Strategy (BEIS) committee have expressed concerns about the time taken to make settlements to former Post Office operators who were wrongfully convicted as a result of errors in the company's computer accounting system. - Guardian A promotion by the fast-fashion retailer Boohoo that used "sexually suggestive" images of a model in an oversized T-shirt and thong-style bikini bottoms has been banned by the UK advertising watchdog for objectifying and sexualising women. The online retailer used several images of the model, including a shot taken from the rear of her kneeling and another of her sitting with her legs apart, which prompted a complaint to the Advertising Standards Authority (ASA) that the promotion was offensive, harmful and irresponsible. - Guardian

European Commission president Ursula von der Leyen has insisted the bloc can cope if Russia decides to "weaponise" gas supplies amid tensions over Ukraine. Ms Von der Leyen said "a number" of countries were ready to step up shipments of gas to Europe and it was now on the "safe side" for keeping households and businesses supplied this winter. - Telegraph

The owner of Facebook has suffered another setback after Google said it would stop advertisers tracking users across apps on Android phones, following in the footsteps of Apple. Google said it wanted to "raise the bar for user privacy" by changing the way marketers could collect data as people move between apps on phones that use Android, the mobile operating system it owns that works on about two-thirds of mobile devices around the world. - The Times

The $2.6 trillion cryptomarket is evolving rapidly and could quickly pose a risk to financial stability, global regulators have warned.The Financial Stability Board, which co-ordinates rules for the G20 economies, urged watchdogs around the world to work together to tackle the potential hazards posed by digital assets. - 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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