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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: Nuclear power, P&O Ferries, Apple

(Sharecast News) - Boris Johnson has told nuclear industry bosses that the government wants the UK to get 25% of its electricity from nuclear power, in a move that would signal a significant shift in the country's energy mix. Johnson on Monday met executives from major nuclear utilities and technology companies including the UK's Rolls-Royce, France's EDF, and the US's Westinghouse and Bechtel to discuss ways of helping to speed up the development of new nuclear power stations. - Guardian

The Dubai-based owner of P&O Ferries is expected to benefit from at least £50m of UK taxpayer support as part of the government's freeport programme, raising questions over its role in the scheme after the sacking of 800 workers. DP World, the Emirati logistics giant behind P&O, runs the UK's second- and third-biggest shipping terminals at Southampton and London Gateway - locations among the first 12 freeports in the UK to be picked by the government last year as a flagship part of its levelling-up agenda. - Guardian

A Civil Aviation Authority (CAA) board member has been forced to quit after breaching conflict of interest rules by holding "a few thousand pounds" worth of shares in the owner of British Airways. Garry Copeland, a former British Airways director of engineering, has stepped down after being hired as a non-executive last September to help the CAA deliver on "its strategic safety objectives". - Telegraph

The boss of one of Britain's biggest motor dealers will be expected to explain why he rejected a £400 million takeover attempt by one of its largest shareholders when he delivers full-year results today. Shares in Pendragon jumped by more than 20 per cent yesterday after it emerged at the weekend that Hedin Group had tabled a 28p-a-share offer for the London-listed dealership weeks ago. - The Times

Apple is set to take another three floors at 22 Bishopsgate, the City of London's newest skyscraper, in the latest sign of the technology giant's commitment to offices and to Britain. It is the second time in the past six months that the company, which has a stock market value of more than $2.5 trillion, will have expanded its presence in the building. - 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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