Open an account Help & support Register Account summary Log out
Skip Header
Home Stock market news

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: Facebook, Morrisons, Ultra Electronics, Vectura

Fri 20 Aug 2021 07:30

(Sharecast News) - The Federal Trade Commission on Thursday refiled its antitrust case against Facebook, arguing the company holds monopoly power in social networking and renewing the fight to rein in big tech. The agency also dismissed a request from Facebook that its chair, Lina Khan, step aside in the case because of her criticism of them in the past. - Guardian Morrisons has agreed a £7bn takeover by the US private equity group Clayton, Dubilier & Rice in the latest round in a fierce fight for control of the country's fourth largest supermarket chain. The Bradford-based grocer confirmed on Thursday night it had accepted an improved offer of 285p per share from the private equity firm that bettered the offer on the table from rival suitor Fortress. - Guardian

Ministers blocking the £2.6bn sale of Ultra Electronics to a private equity-backed buyer would be an act of "political and economic suicide", a top shareholder has warned. The takeover of the defence company by Cobham must go ahead despite national security concerns or international investors will question Britain's commitment to open markets, the shareholder told The Telegraph. - Telegraph

The chief executive of Philip Morris International has lashed out at opponents of his widely condemned bid for the British inhaler maker Vectura, accusing them of "settling old scores" against the tobacco industry. Jacek Olczak claimed critics of the £1.1bn takeover, which include the charities Asthma UK and the British Lung Foundation, were "not interested in progress" and seeking to prevent the company moving away from cigarette sales. - Telegraph

Lloyds Banking Group's push into residential letting appears to be more ambitious than it had previously disclosed, with internal documents showing it aims to own 50,000 homes for rental within nine years. An internal job advertisement for a director role in Citra Living, its new property rental division, reveals the scale of its intentions, with a target for it to make £300 million in annual profit by 2025. - The Times

Share this article

Related Sharecast Articles

Fri 25 Sep 2026 07:10
Friday newspaper round-up: Food and drink trade deficit, datacentre project, Meta, Morgan Stanley
(Sharecast News) - The gap between Britain's food and drink exports and imports has neared its highest this century, as a combination of Brexit, war in the Middle East and US tariffs dented deliveries overseas while imports soared. The UK's food and drink trade deficit has risen to more than £21bn - the largest since 2000 - in what industry leaders said was a "wake-up call" for the government to protect homegrown produce in the interest of national security. - Guardian
Thu 24 Sep 2026 07:07
Thursday newspaper round-up: Defence contractors, Bentley, McDonald's
(Sharecast News) - Defence contractors have promised to create 40,000 apprenticeships, work experience placements and jobs for young people each year, as Wes Streeting claimed to be overseeing a "ministry for growth". Labour is keen to demonstrate that the rapid increase in defence spending planned for the coming years, which may necessitate tax rises, will result in jobs in the UK. - Guardian
Wed 23 Sep 2026 07:05
Wednesday newspaper round-up: state pension, pharmaceutical companies, BMW
(Sharecast News) - A thinktank linked to Reform UK has called for the abolition of the state pension and £75bn worth of sweeping tax cuts in a "radical" report likely to influence the party's platform for the next election. The Centre for a Better Britain's (CFABB) report - which also calls for weaker rules for UK banks and Trump-style investment accounts offering £1,000 to newborns - will be formally launched at a private event with City executives on Wednesday. - Guardian
Wed 23 Sep 2026 07:05
Wednesday newspaper round-up: state pension, pharmaceutical companies, BMW
(Sharecast News) - A thinktank linked to Reform UK has called for the abolition of the state pension and £75bn worth of sweeping tax cuts in a "radical" report likely to influence the party's platform for the next election. The Centre for a Better Britain's (CFABB) report - which also calls for weaker rules for UK banks and Trump-style investment accounts offering £1,000 to newborns - will be formally launched at a private event with City executives on Wednesday. - 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.

Awards

Award 1
Award 2
Award 3

Policies and important information

Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Statutory and Regulatory disclosures | Whistleblowing programme

Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document or Product Summary document which contains important information about the fund.

This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.

© FIL Limited 2026