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Friday newspaper round-up: Food retailers, Apple, Microsoft chief

(Sharecast News) - The ride-share companies Uber and Lyft have agreed to a historic settlement totaling $328m after being accused of withholding wages and benefits, such as mandatory paid sick leave, from drivers. - Guardian Food retailers have recruited an army of celebrities with internet clout for their festive advertising campaigns as they battle for digital influence this Christmas and try to tap into a burgeoning market for partying at home. Marks & Spencer has signed up Ryan Reynolds and Rob McElhenney, the US actors whose purchase of Wrexham AFC and accompanying Disney+ documentary have increased their fame in the UK, for its food Christmas ad. - Guardian

Hybrid Ferraris have outsold purely petrol-powered models for the first time in a boost for the Italian marque as it prepares to launch its first electric vehicle. 51pc of Ferraris sold between July and September were fitted with battery packs, the company said, in a milestone moment for the industry. - Telegraph

Elon Musk is giving Ukraine discounts on a major purchase of Tesla Powerwall batteries designed to protect the country against blackouts. George Dubynskyi, Ukraine's deputy minister of digital transformation, told The Telegraph that Ukraine was working with international funders to buy the battery systems. - Telegraph

Apple took investors by surprise last night by giving a sales forecast for the holiday quarter that missed Wall Street expectations as the company was hurt by weak demand for iPads and wearables, which sent its shares lower. The warning on sales in the critical period came in a call with analysts shortly after it released its results, which showed quarterly sales and profits that beat expectations, with iPhone sales up 2.8 per cent, helping to offset large drops in Mac and iPad sales. - The Times

The head of Microsoft has praised the UK competition watchdog's "clarity and decisiveness" in initially blocking his company's mega-takeover of Activision - in a sharp reversal from his original claim that the veto was "bad for Britain". Brad Smith, president of the US tech company, said that it should take responsibility for the Competitions and Markets Authority's original decision, which was overturned last month after six months of negotiation and a restructuring of the $69 billion deal. - The Times

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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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