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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: HMV, Man United, business confidence

(Sharecast News) - HMV is to return to its former flagship store on London's Oxford Street after a four-year absence. It is expected to reopen towards the end of this year, in time for Christmas. The store was empty for an extended period after the music and entertainment company vacated the site in 2019, before most recently becoming home to one of the many American candy stores that popped up on Oxford Street during the pandemic. - Guardian The protracted Manchester United takeover saga should move a step closer to resolution over the next 24 hours with bidders being told to submit their third and best offer for the club by 10pm BST on Friday. The expectation is that the Glazer family - with the help of the Raine Group, the banking firm charged with brokering the sale - will then choose a preferred bidder next week. - Guardian

Amazon shares jumped on Thursday after the online retail giant bucked a global inflation crisis to post its best profit in more than a year. The online retail giant said sales had climbed by 9pc in the first quarter of the year to $127.4bn (£102bn), above the company's own financial forecasts. - Telegraph

Business confidence reached its highest level since May last year as bosses become more optimistic about the wider economy, a new survey has found. Confidence reached 33 per cent on the monthly index this month, up from 32 per cent in March, the latest monthly sentiment index by Lloyds Bank showed. - The Times

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(Sharecast News) - The owner of South West Water has warned that global heating will increase the risk of outbreaks of the parasite that caused diarrhoea and vomiting in south Devon. Pennon Group said that "gradual and significant increasing average and high temperatures" could pose "risks to water quality and water treatment" - including the cryptosporidium parasite - in its annual report, published this week. - 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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