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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.

Wednesday newspaper round-up: Avanti West Coast, British exporters, SoftBank

(Sharecast News) - Northern political and transport leaders have called on the UK government to urgently review Avanti West Coast's operations amid a renewed surge in intercity rail cancellations and delays. The intervention came as it emerged that morale at the train operating company has plummeted to the point where only 3% of staff say they feel valued, according to an internal Avanti survey seen by the Guardian. - Guardian Almost two-thirds of British exporters have said selling to the EU has become harder in the past year, according to the British Chambers of Commerce, which is calling on the government to do more to smooth trade frictions post-Brexit. Three years on from Boris Johnson signing the Trade and Cooperation Agreement (TCA) with the EU, the small businesses which make up much of the BCC's membership are still struggling to negotiate trade barriers. - Guardian

The chief executive and owner of Arm met Jeremy Hunt in Downing Street on Tuesday as regulators unveiled reforms that could encourage the semiconductor giant to pursue a secondary listing in London. Rene Haas, the chief executive of the Cambridge microchip designer, and Masayoshi Son, the head of its majority shareholder SoftBank, were seen leaving Number 11 on Tuesday morning. - Telegraph

Journalists at the Financial Times are demanding a minimum starting salary of $80,000 (£63,000) in a dispute over pay. The newspaper's American union is locked in discussions with bosses amid concerns that current wages are not "anywhere close" to livable. Under current plans, the FT's US-based staff have been offered a minimum wage of $60,000. - Telegraph

Pressure is mounting on the deputy prime minister to intervene on national security grounds in the Abu Dhabi-backed bid to buy the Telegraph newspapers. Conservative MPs have demanded that Oliver Dowden use the National Security and Investment Act to investigate the United Arab Emirates' takeover. However, it is understood that the Cabinet Office is not expected to issue a call-in notice on the acquisition imminently, despite an American intervention in a UAE purchase of Fortress Investment Group, of the United States. - 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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