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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: Travel chaos, National Grid, Essex traders

(Sharecast News) - Holidaymakers trying to get away for the Easter weekend have been warned they are likely to face disruption whether travelling by air, rail, road or sea. Staff sickness and a shortage of workers have already caused multiple days of chaos for air passengers, with carriers cancelling dozens of flights at short notice, while ferry operators have struggled to meet demand as P&O Ferries services remain suspended. - Guardian Rich countries need to provide emergency food supplies to prevent rising prices and shortages triggering social unrest in poorer parts of the world, the heads of four major international bodies have said. Calling for urgent and coordinated action, the World Bank, the UN World Food Programme, the World Trade Organization and the International Monetary Fund warned that the food crisis was pushing millions of people into poverty. - Guardian

National Grid may have to pay power generators to turn down their supply during the Queen's Platinum Jubilee celebrations as the public stops work and heads outside for street parties. Its division responsible for keeping the lights on is expecting power demand in Britain to dip to its lowest annual level during the four-day weekend created to mark the occasion, from June 2-5. - Telegraph

One of Britain's biggest train companies has been threatened with strike action after giving new "see-through" uniforms to its staff. Avanti West Coast has been accused by the RMT union of making workers wear "flimsy new blouses and shirts ... which are basically transparent". A source said that employees are considering strike action. - Telegraph

Messages between Essex-based oil traders said to have made more than $700 million from the 2020 oil price crash provide a "highly plausible inference" that they collectively moved to depress prices, a judge in the United States has ruled. Texts exchanged on April 20, 2020 - the day the US oil price collapsed below zero for the first time - prompted Gary Feinerman, a district court judge in Illinois, to rule that a class-action lawsuit could proceed against eight traders. - 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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