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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: Women bosses, Swedish inflation, Odey

(Sharecast News) - UK businesses have improved female representation on their boards, research shows, but two-fifths of FTSE 100 firms still do not have a woman in one of their top four executive roles. The proportion of women on the boards of the 585 FTSE all-share listed companies has risen over the past year from 36% to 40%, according to the analysis of Companies House data. - Guardian

Beyoncé has been blamed for keeping inflation stubbornly high in Sweden after more than 40,000 fans flocked to Stockholm last month to watch the singer begin her world tour. Economists said the artist, who launched her Renaissance tour in the Swedish capital with two sold-out concerts, helped to drive a surge in hotel and accommodation costs. - Telegraph

An influential group of MPs has ordered the City watchdog to reveal the extent of its investigation into Odey Asset Management following "deeply troubling" allegations made against the firm's founder. In a letter to bosses at the Financial Conduct Authority (FCA), Harriett Baldwin, chairman of the Treasury committee, called for the regulator to disclose more information about its oversight of the scandal-hit hedge fund. - Telegraph

Dawood Pervez says tongue-in-cheek that Britain's thousands of local convenience stores are as beloved as the country's pubs and bridleways but he's deadly serious in his commitment to promote and protect the wholesale network that supports them. The Old Etonian, and a lawyer by training, is the son of Sir Anwar Pervez, the immigrant founder of Bestway, Britain's second-biggest wholesaler after Tesco's Booker. - The Times

Equity finance provision for small and medium-sized companies fell sharply in the second half of last year as venture capital firms responded to economic strife and a sell-off in technology stocks, according to the government's economic development agency. A report by the British Business Bank said that 2022 was a tale of "two halves", with a record level of investment in businesses in the first two quarters. However, concerns about potential overvaluations, a lack of sale opportunities and rising interest rates and inflation caused a 47 per cent reduction in investment in the second half of the year compared with the first. - 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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