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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: Energy suppliers, JLR, business optimism

(Sharecast News) - Switching between energy suppliers is expected to return later this year after a two-year pause due to lack of competition amid high bills. The energy consultancy Cornwall Insight said on Monday that easing costs later this year would present consumers with the chance to "take back some control" over their bills, as suppliers compete for customers again. - Guardian Switching to a four day week makes companies more money while also boosting staff happiness and reducing burnout, a major study has suggested. The landmark research project run in part by the University of Cambridge has found that, on average, businesses adopting a four-day working pattern increased their revenues by more than a third. It comes amid a fierce debate about how to solve Britain's long-running productivity crisis. - Telegraph

Jaguar Land Rover is racing to hire tech workers who have been laid off across Europe as it attempts to develop a self-driving car. The company (JLR) intends to recruit 100 more engineers at new hubs in Munich, Germany; Bologna, Italy; and Madrid, Spain. Its recruitment drive follows a wave of redundancies at big tech companies following a global slowdown. The parent companies of Google and Facebook are axing 23,000 jobs between them, with many other players following suit. - Telegraph

Bosses of small companies are increasingly upbeat about their prospects, according to a survey, adding to evidence that the outlook for the British economy may not be as bad as has been feared. A poll of small and medium-sized firms commissioned by Barclays found that 41 per cent were optimistic about their outlook, the highest level since the second quarter of last year. Fifty-five per cent were expecting to increase revenues this quarter compared with a year earlier, while a third were planning to hire more staff in the next 12 months. - 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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