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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: Reach, Twitter, Deloitte, Glencore

(Sharecast News) - The owner of the Scotsman and Yorkshire Post has revealed it is plotting a surprise takeover of much larger rival Reach, the parent company of the Mirror and Express titles and hundreds of regional newspapers including the Manchester Evening News. National World, which is listed on the London Stock Exchange and run by the former boss of the Mirror newspaper group David Montgomery, has said that it is in the early stages of a potential offer for Reach. - Guardian Elon Musk will begin mass layoffs at Twitter on Friday, sharply reducing the social media platform's workforce, the company said in an email to staff on Thursday. "In an effort to place Twitter on a healthy path, we will go through the difficult process of reducing our global workforce on Friday," said the email. The New York Times and Washington Post both reported on the layoffs and cited the internal email. - Guardian

Deloitte has axed half of its 16-person executive team and replaced them with younger partners as part of a major overhaul of its UK leadership. The Big Four accounting and consulting firm said eight of its most senior partners, including its managing partner, will leave its executive team to make way for six newcomers in an unexpected reshuffle. - Telegraph

Jeremy Hunt is preparing a raid on entrepreneurs, savers and landlords to help plug the £50bn hole in Britain's public finances, The Telegraph can reveal. The Chancellor is considering an increase in the headline rate of capital gains tax (CGT) and taxes on dividends at the Autumn Statement. - Telegraph

Mining giant Glencore has been ordered to pay £281 million in penalties after a judge said it had committed "corporate corruption on a widespread scale" across Africa through the "disease" of bribery. Sentencing the FTSE 100 company after a two-day hearing at Southwark crown court in London, Mr Justice Fraser said "the facts demonstrate not only sustained criminality but sophisticated devices to disguise it". - The Times

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Sunday newspaper round-up: Al-Assad, Argentina, Aviva
(Sharecast News) - Syrian President Bashar al-Assad's regime appeared to collapse on Sunday morning, after rebels entered the capital Damascus. Assad's whereabouts are not clear but Moscow or Tehran are possibilities. One source told Reuters that Assad's plane disappeared off the radar when it was headed towards the country's coastal region. It made an abrupt turn before vanishing from the map. The pilot may have turned off the transponder but it's more likely that it was shot down. - Sunday Times
Friday newspaper round-up: Boeing, Boohoo, nuclear power stations
(Sharecast News) - Ten years ago, marketing executives at Britain's biggest supermarket had a brainwave: might slashing the price of basic vegetables tempt shoppers to do their Christmas shop with them? Tesco, under chief executive Dave Lewis, was trying to revive a business reeling after falling sales, five profit warnings and an accounting scandal. That promotion in December 2014, dubbed its Festive Five, offered bags of carrots, potatoes, brussels sprouts, parsnips and a cauliflower for 49p each. - Guardian
Thursday newspaper round-up: Airbus, Boohoo, Home Reit
(Sharecast News) - Ministers are considering renationalising British Steel in a last-ditch attempt to save thousands of jobs, amid a standoff between the government and the company's Chinese owners over a £1bn investment. Jonathan Reynolds, the business secretary, is locked in talks with British Steel and its owner, Jingye, to agree how much each party should put into a rescue plan for its main Scunthorpe site. - Guardian
Wednesday newspaper round-up: British Steel, nuclear power plants, South Western Railway
(Sharecast News) - Ministers are considering renationalising British Steel in a last-ditch attempt to save thousands of jobs, amid a standoff between the government and the company's Chinese owners over a £1bn investment. Jonathan Reynolds, the business secretary, is locked in talks with British Steel and its owner, Jingye, to agree how much each party should put into a rescue plan for its main Scunthorpe site. - 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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