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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.

Tuesday newspaper round-up: Apple, CBI, PwC

(Sharecast News) - Apple has lifted the lid on the worst kept secret in Silicon Valley and revealed the Vision Pro, a $3,499 VR headset. "With Vision Pro, you're no longer limited by a display. Your surroundings become an infinite canvas," the Apple chief executive, Tim Cook, said. "Vision Pro blends digital content into the space around us. It will introduce us to Spatial Computing." - Guardian The future of Britain's most prominent business lobby group, the Confederation of British Industry, is on a knife-edge as it relies on the backing of trade bodies in a crunch vote. The CBI has been canvassing support from its members ahead of an extraordinary general meeting on Tuesday that will decide on its fate after sexual misconduct allegations revealed by the Guardian. - Guardian

Houses are taking twice as long to sell today as they did a year ago, as rising mortgage rates make it harder for buyers to afford homes. On average, it took home sellers 49 days to find a buyer in May, up from 26 days in the same month in 2022, according to analysis of Connells Group data by Hamptons. - Telegraph

The former owner of In The Style, a fast-fashion retailer once worth £100 million, plans to bypass shareholders and enter compulsory liquidation. Adam Frisby founded the online retailer in his bedroom ten years ago. It built a following thanks to collaborations with Charlotte Crosby, a star of the television show Geordie Shore, and Stacey Solomon, a panellist on ITV's Loose Women. - The Times

PwC has given the names of at least 67 of its consultants, including some based in the UK, to Australian politicians investigating a tax leak scandal that threatens the firm's global reputation. In response to questions, PwC has written to the Australian Senate giving the names of current and former staff potentially connected to the leaking of confidential government tax plans. - The Times

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Sunday newspaper round-up: Hargreaves Lansdown, Crest Nicholson, Michael Kors
(Sharecast News) - Hargreaves Lansdown's three private equity suitors have until Wednesday to either table a formal bid for the investment platform or walk away. A £4.7bn offer presented in April was rejected. In particular, the bidders have been attracted by the firm's ability to deposit client cash at the Bank of England for a rate of 5.25%, whilst paying just 3% on a cash Isa of up to £10,000. That netted its £269m last year at no risk. - The Financial Mail on Sunday
Sunday share tips: Oxford Instruments
(Sharecast News) - The Financial Mail on Sunday's Midas column labelled shares of Oxford Instruments a "long-term buy".
Friday newspaper round-up: Insecure work, Stellantis, Nationwide
(Sharecast News) - The UK has seen an "explosion" in insecure, low-paid work in the past 14 years, according to a new report. The TUC said its study had found that the number of people in insecure work had reached a record high of 4.1 million. The analysis of official statistics shows the number of people in "precarious" employment - such as zero-hours contracts, low-paid self-employment and casual or seasonal work - increased by nearly 1 million between 2011 and 2023. - Guardian
Thursday newspaper round-up: Revolut, BT Group, housing market
(Sharecast News) - Pensioners and people on disability benefits are the winners from radical changes to the welfare system made by the Tories over the last decade, while working-age families are losing out by thousands of pounds every year, according to a report by the Resolution Foundation. The Conservatives' 14-year overhaul of social security has shifted spending away from children and housing to supporting elderly people, and broken the link between entitlement and need for some of the poorest households in the country, the report says. - Guardian

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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