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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.

Friday newspaper round-up: Boohoo, Asda, Eli Lilly

(Sharecast News) - The founders of fast fashion retailer Boohoo.com doubled their pay to about £1m each last year as they were handed hefty bonuses despite missing financial targets. Directors decided that both Carol Kane and Mahmud Kamani deserved bonuses equivalent to their annual basic salary - instead of the 30% they had been due to receive after missing sales and underlying profit targets. - Guardian Asda is finalising a deal to buy its sister business EG Group's UK and Irish petrol forecourts in a deal worth £3bn, allowing the supermarket to step up its shift into convenience retailing. The businesses are expected to formally announce a long-awaited tie-up in the next few days, which will create a combined business worth about £10bn. - Guardian

Asos, the struggling online retailer, is raising £75 million in cash from shareholders and has refinanced in an effort to strengthen its balance sheet. The fundraising announced last night is fully underwritten by three shareholders, including the investment vehicle of Bestseller, owned by Anders Povlsen, the Danish businessman. - The Times

One of the world's biggest drugs companies has suspended a potential investment in Britain because of the country's "stifling commercial environment". Eli Lilly, the American multinational, had been looking to invest in laboratory space, but it has put its plans for London on hold because, it said, the UK "does not invite inward investment at this time". - The Times

Twitter's head of engineering has announced his departure from the social media platform, having decided to resign on the day of Ron DeSantis' car-crash presidential launch alongside Elon Musk. Foad Dabiri announced on Twitter that he decided on Wednesday to "leave the nest" nearly four years after he joined the company in 2019. Mr Dabiri described his role on LinkedIn as "engineering lead for Twitter's growth organisation". - Telegraph

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(Sharecast News) - Ed Miliband has unveiled plans to make it easier for homeowners to install wind turbines in their gardens as part of a mass expansion of green power. The Energy Secretary has announced a consultation on relaxing planning rules governing the construction of turbines on residential and commercial properties. - Telegraph
Thursday newspaper round-up: Shorter working week, Microsoft, EY
(Sharecast News) - Nearly 1,000 British workers will adopt a permanently shorter working week, after the latest trial of a four-day week and similar changes to traditional working patterns. All 17 British businesses in a six-month trial of the four-day week said they would continue with an arrangement consisting of either four days a week or nine days a fortnight. All the employees remained on their full salary. - Guardian
Wednesday newspaper round-up: Prax Lindsey, Santander/TSB, pensions, Qantas
(Sharecast News) - The married couple behind the Prax Lindsey oil refinery awarded themselves at least $15.9m (£11.5m) in pay and dividends in the years leading up to its collapse, it has emerged, as the government urged the company's boss to "put his hand in his pockets" to help workers. Winston Soosaipillai, who goes by his middle names Sanjeev Kumar, jointly owned the refinery with his wife, Arani, until it plunged into insolvency on Monday. - Guardian
Tuesday newspaper round-up: King Charles, Google, offshore companies
(Sharecast News) - King Charles is set to receive official annual income of £132m next year, after his portfolio of land and property made more than £1bn in profits thanks to a boom in the offshore wind sector. Profits at the crown estate - which partly funds the monarchy - were flat at £1.1bn in its financial year to the end of March but more than double their level two years ago, at £442.6m. - 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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