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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: Transport bosses, online deliveries, car exports

(Sharecast News) - Airline, shipping and trucking bosses have joined union leaders in calling for governments around the world to ease coronavirus restrictions on transport workers to help avoid a Christmas supply chain crisis. Industry representatives from around the world issued a joint call on Wednesday for coordinated action from national governments to simplify border restrictions. - Guardian The move back to the office following the lifting of coronavirus restrictions has prompted a surge in searches for homes for sale close to commuter stations, according to property website Rightmove. The property portal said there had been a big increase in searches for train stations an hour away from major cities over the summer, as people started to look for locations which allowed easy travel to work. - Guardian

Fuel is being diverted from large companies to garage forecourts in a move that threatens to disrupt online deliveries, The Telegraph has learnt. Bosses across Britain's fuel terminals are under orders to prioritise motorists over major firms as ministers scramble to avoid angry scenes at the petrol pumps. - Telegraph

A former BBC executive who doubled the cost of playing the National Lottery has been handed a £1.8m bonus four years after quitting operator Camelot. Andy Duncan, who is also a former chief executive of Channel 4, was awarded the seven-figure sum under long-term incentive schemes. - Telegraph

Export demand for British-made cars has collapsed as UK factory output slumped again in recent weeks. Despite lockdowns ending, latest figures show that little more than 1,000 cars a day have been rolling off British production lines, when not so long ago average annual volumes 4,500 a day. - The Times

Britain's biggest retailer plans to expand its use of a train service to bring goods from Spain into the country, which helped it to cut emissions and protect deliveries during the haulage crisis. Ken Murphy, chief executive of Tesco, said in an interview for the forthcoming Reuters Impact conference that the past three months had been "challenging" but that the supermarket had coped well thanks to its detailed planning and close ties with suppliers. - 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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