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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: Energy suppliers, Carl Icahn, Dyson

(Sharecast News) - Energy suppliers will be forced to offer vulnerable households dedicated phone lines in a drive by the regulator Ofgem to improve poor treatment of the most disadvantaged customers. The regulator is planning a crackdown on suppliers' conduct after a slump in customer service during the energy crisis with long call waiting times and difficulty contacting companies. - Guardian Ministers have announced a clampdown on the use of cold calls to sell financial products and on technology which allows mass texting of numerous phones as part of a strategy to combat fraud, now the UK's most common crime. The new fraud strategy, a response to the massive growth of web- and phone-based scams, will alsoresult in what was billed as 400 new specialist investigators across police and the National Crime Agency recruited as part of a revamp for how the the crime is investigated. - Guardian

Carl Icahn, one of Wall Street's best-known activist investors, has become the target of a short-seller which has accused the billionaire of inflating the value of his empire. Hindenburg Research accused the hedge fund manager of operating a "ponzi-like economic structure" through his $15bn fund, Icahn Enterprises, and claimed its value had been inflated by at least 75pc. - Telegraph

Dyson is to spend £100 million on a new technology centre in Bristol as part of a five-year programme of investments totalling £2.75 billion. Sir James Dyson's vacuum cleaner and home appliances business said it would employ hundreds of software and artificial intelligence engineers at the centre to develop new products and apps. Dyson's UK operations are already staffed with more than 3,500 engineers working in research and development across sites in London and Malmesbury in Wiltshire. - The Times

Sir Martin Sorrell pocketed less than half of the bonus he could have earned last year for running S4 Capital, the digital advertising business he founded. Sorrell, 78, was paid a basic salary of £250,000 in 2022 and could have received the same amount again in bonuses. However, S4's annual report shows that he only received £100,000. - The Times

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Sunday newspaper round-up: Hargreaves Lansdown, Crest Nicholson, Michael Kors
(Sharecast News) - Hargreaves Lansdown's three private equity suitors have until Wednesday to either table a formal bid for the investment platform or walk away. A £4.7bn offer presented in April was rejected. In particular, the bidders have been attracted by the firm's ability to deposit client cash at the Bank of England for a rate of 5.25%, whilst paying just 3% on a cash Isa of up to £10,000. That netted its £269m last year at no risk. - The Financial Mail on Sunday
Sunday share tips: Oxford Instruments
(Sharecast News) - The Financial Mail on Sunday's Midas column labelled shares of Oxford Instruments a "long-term buy".
Friday newspaper round-up: Insecure work, Stellantis, Nationwide
(Sharecast News) - The UK has seen an "explosion" in insecure, low-paid work in the past 14 years, according to a new report. The TUC said its study had found that the number of people in insecure work had reached a record high of 4.1 million. The analysis of official statistics shows the number of people in "precarious" employment - such as zero-hours contracts, low-paid self-employment and casual or seasonal work - increased by nearly 1 million between 2011 and 2023. - Guardian
Thursday newspaper round-up: Revolut, BT Group, housing market
(Sharecast News) - Pensioners and people on disability benefits are the winners from radical changes to the welfare system made by the Tories over the last decade, while working-age families are losing out by thousands of pounds every year, according to a report by the Resolution Foundation. The Conservatives' 14-year overhaul of social security has shifted spending away from children and housing to supporting elderly people, and broken the link between entitlement and need for some of the poorest households in the country, the report says. - Guardian

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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