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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: Walmart, hospitality, Unaoil, Selfridges

(Sharecast News) - Major retailers are having to offload Christmas trees for £1 or less after shoppers shied away from UK high streets and retail centres in the last weekend before Christmas. B&Q has cut the price of its fresh trees - some costing £49 or more - to £1 or less at stores around the country. One shopper posted a picture on social media of trees priced as little as 10p in Abingdon, Oxfordshire. - Guardian Walmart illegally dumps more than 1 million batteries, aerosol cans of insect killer and other products, toxic cleaning supplies, electronic waste, latex paints and other hazardous waste into California landfills each year, state prosecutors have alleged. In a lawsuit announced on Monday, the California attorney general, Rob Bonta, accused the retail giant of failing to properly dispose of discarded or returned goods. - Guardian

City traders toasting another successful year would normally pile into pubs and bars on the weekend before Christmas. But this year the wood-panelled rooms in pubs across London fell silent as revellers stayed away - so much so, that some were forced to shut their doors. Clive Watson, chief executive of parent company City Pub Group, has closed venues that survive on business from office workers after the Government's encouragement to work from home triggered an exodus from the City. - Telegraph

The Serious Fraud Office is facing another battle to defend its reputation after judges condemned the agency's prosecution of several former oil industry executives. Lawyers for Paul Bond, one of four men jailed in the Unaoil case, are poised to appeal against the 69-year-old's conviction. A similar verdict against Ziad Akle was quashed earlier this month. - Telegraph

A £4 billion takeover of Selfridges by Central Group, of Thailand, and Signa Group, of Austria, is close to being announced, The Times has learnt. A sale of the department stores group by the Canadian Weston family could be announced as early as this week as both sides try to seal a deal before the new year. - 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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