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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: NHS app, Airbus, Channel 4

(Sharecast News) - The NHS app is collecting and storing facial verification data from UK citizens in a process which has fuelled concerns about transparency and accountability. The data collection is taking place under a contract with a company linked to Tory donors called iProov, awarded by NHS Digital in 2019, which has yet to be published on the government website. - Guardian The culture secretary has reiterated his belief that Channel 4 would benefit from a change of ownership, in the latest indication that the government intends to push ahead with privatisation of the state-owned broadcaster. "I believe that if Channel 4 wants to grow then at some point soon it will need cash," he will tell the Royal Television Society conference in Cambridge on Wednesday. "It can either come on the back of the taxpayer, or it can come from private investment. And it's my strong position - as a point of principle - that I do not believe the borrowing of a commercial TV channel should be underwritten by a granny in Stockport or Southend." - Guardian

Lobbyists in Brussels waged a campaign against the rollout of the Pfizer-BioNTech Covid vaccine by claiming it was insufficiently European, a new book by the jab's inventors has said. Opponents allegedly told politicians last year that they should not order doses of the injection because BioNTech, a German company, had teamed up with US behemoth Pfizer rather than working with another company based in Europe. - Telegraph

Airbus is ready to build a helicopter plant in North Wales to help secure a future contract to replace Britain's ageing Puma fleet. The aerospace giant raised the prospect of the new facility in Broughton, where it already makes wings for Airbus jets. A new factory would create hundreds of jobs and the company said it would tap UK suppliers for parts, further boosting employment. - Telegraph

The chancellor has spoken out in support of private equity taking over British listed companies, saying that the deals signified "good news for our economy". Private equity firms struck more deals in the UK in the first half of the year than during any other comparable period on record, targeting undervalued listed businesses ranging from John Laing, the infrastructure investor, to UDG Healthcare, a provider of services to the pharmaceuticals industry. - 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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