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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: 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

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Thu 13 Aug 2026 07:19
Thursday newspaper round-up: Greenland, Morrisons, Cisco Systems
(Sharecast News) - Greenland authorities have forced a US oil company connected to Donald Trump to postpone drilling wells in the Arctic territory, defying claims by the US president's envoy that Americans could be extracting crude by next year. Amid Trump's imperialist threats, tensions have been rising on Greenland's eastern coast after the oil company brought drilling equipment ashore in July without permission, drawing a "strong warning" from the government. - Guardian
Wed 12 Aug 2026 07:14
Wednesday newspaper round-up: Heatwaves, AI data centres, CoreWeave
(Sharecast News) - Repeated debilitating heatwaves this summer are likely to have cost the UK economy more than £4bn in lost economic output by the end of July, new analysis shows. Green thinktank Verdant had suggested June's unseasonally hot weather had an economic cost of £2.36bn. Updating its assessment to include last month's high temperatures, it finds a £4.4bn hit to output. - Guardian
Tue 11 Aug 2026 07:24
Tuesday newspaper round-up: consumer confidence, easyJet, Thames Water
(Sharecast News) - Consumer confidence hit its highest level in almost two years in July, according to research that indicated the closing stages of the men's football World Cup and more people holidaying in the UK lifted summer spending. A truce in the Middle East conflict in June and the arrival of a new prime minister in No 10 also gave a lift to consumers after a long period of heightened uncertainty. A long-running monthly consumer spending survey by Barclays showed that 30% of those surveyed felt confident about the strength of the UK economy in July - representing a 21-month high and a six-percentage-point improvement on June. - Guardian
Mon 10 Aug 2026 07:18
Monday newspaper round-up: Harvey Nichols, Heathrow, Lloyds Banking Group
(Sharecast News) - Andy Burnham has promised a series of measures to tackle the cost of living, including a ban on fake discounts and making it easier for people to escape unwanted subscriptions. The crackdown on "rip-off" business practices is expected to benefit consumers to the tune of £400m a year and will be the first in a range of "everyday fixes" to be implemented in the coming months. - Guardian

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