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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: Haulage industry, William Hill, Facebook

(Sharecast News) - The haulage industry has urged Boris Johnson to step up "lacklustre" efforts to tackle a shortage of 100,000 HGV drivers, telling him to act now on supply chains or face a Christmas crisis. Bosses of multiple trade bodies and businesses in the trucking and food industries have written to the prime minister saying not enough had been done to resolve the crisis and urging him to intervene personally. - Guardian William Hill has been accused of deploying "cynical" tactics to keep people gambling after the bookmaker launched an in-store cafe selling hot food, with some items cheaper than at McDonald's. At one branch of the bookmaker in the Arndale shopping centre in central Manchester signage advertised a "WH Cafe", selling meal deals, burgers and breakfast. - Guardian

Facebook has warned that its growth will slow down dramatically in the coming months amid iPhone privacy changes, a further blow to the embattled social network as it wrestles with a whistleblower scandal. The social media giant said revenues had grown by 35pc in the third quarter of the year to $29bn (£21bn), a marked slowdown on the 56pc growth in the previous three months. - Telegraph

Policymakers should wait to judge the impact of the end of the furlough scheme before raising interest rates, a ratesetter at the Bank of England said. Silvana Tenreyro, an external member of the monetary policy committee, said that policymakers should assess official data showing how well the labour market coped after the coronavirus job retention scheme closed at the end of September. - The Times

A cryptocurrency company is to buy the Gibraltar Stock Exchange, which will enable investors to buy crypto, debt and equities on the same bourse. Valereum Blockchain, which aims to link fiat currencies - government-issued money not backed by a commodity, such as sterling or US dollar - to cryptocurrencies, has signed an option to buy 80 per cent of the exchange. - 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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