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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: RMT strike, Elon Musk, Apple, Boeing

(Sharecast News) - More than 20,000 rail workers in England have begun a 24-hour strike that will cancel half of services on affected lines as part of a long-running dispute with train operators over jobs, pay and conditions. The stoppage by the National Union of Rail, Maritime and Transport Workers (RMT) - the second of three by rail unions to hit the network this week - will affect most operators in England and some cross-border services into Scotland and Wales. - Guardian Elon Musk is being accused of insider trading in a proposed class action lawsuit by investors. They say the Tesla CEO manipulated the cryptocurrency Dogecoin, costing them billions of dollars. In a Wednesday night filing in Manhattan federal court, investors said Musk used Twitter posts, paid online influencers, his 2021 appearance on NBC's Saturday Night Live and other "publicity stunts" to trade profitably at their expense through several Dogecoin wallets that he or Tesla controls. - Guardian

Apple has denied allegations that it helped US authorities spy on Russian iPhone users. Russia's Federal Security Service (FSB) on Thursday claimed it uncovered a US National Security Agency (NSA) operation which hacked several thousand iPhones using sophisticated surveillance software. The US intelligence agency was allegedly able to use specifically-designed "software vulnerabilities" to infect Apple's phones with previously unknown malware, according to Russia's foreign ministry. - Telegraph

Activity in mergers and acquisitions in Britain is at its lowest level in seven years as dealmakers remain cautious about the economic outlook. The total value of mergers and acquisitions involving UK companies has more than halved to $89 billion in the first five months of the year and the number of deals announced has dropped by 29 per cent, according to the deals intelligence team at the London Stock Exchange Group (LSEG). - The Times

Boeing is bracing itself for another 18 months of instability in its supply chain as it moves to increase production. Dave Calhoun, the group's chief executive, acknowledged that it had suffered because of failures and shortfalls across its "very large, very fragmented" base of suppliers. - The Times

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Thursday newspaper round-up: CMA, Riverford, Lloyds, Arm Holdings
(Sharecast News) - The appointment of the former boss of Amazon UK to lead the competition watchdog poses a threat to its independence and pledge to hold big tech to account, according to a group including tech companies and the former business secretary Vince Cable. The group - which includes the News Media Association, the Firefox developer Mozilla, the consumer group Which? and the Future of Technology Institute - has written to the chancellor, Rachel Reeves, to raise concerns about the appointment of Doug Gurr as the interim chair of the Competition and Markets Authority (CMA). - Guardian
Wednesday newspaper round-up: Thames Water, Johnson & Johnson, BoE
(Sharecast News) - Thames Water may need as much as £10bn in debt and equity investment to repair its finances, according to a representative of creditors hoping to lend the struggling utility another £3bn. London's high court heard evidence on Tuesday that suggested the UK's largest water company may need significantly more resources than the roughly £6.3bn it has previously indicated. - Guardian
Monday newspaper round-up: Zero-hours contracts, Barclays, Asos
(Sharecast News) - Hundreds of thousands of British workers are on zero-hours contracts despite being with the same employer for years, according to analysis from the TUC. The majority of zero-hours contract workers have been with their employer for more than 12 months, while one in eight have not been granted regular employment rights after more than a decade working in the same place, the organisation said. - Guardian
Friday newspaper round-up: Apple, Daily Mail, OpenAI, Homebase
(Sharecast News) - Apple slightly beat analysts' expectations in its first-quarter earnings for fiscal year 2025 on Thursday. The iPhone-maker's revenue rose by 4%, coming in at $124.30bn, barely above estimates of $124.12bn. Earnings per share were $2.40, just ahead of analysts' expectations of $2.35. Shares rose more than 8% in extended trading after CEO Tim Cook indicated in an earnings call on Thursday that Apple is on the trajectory for revenue growth next quarter. - Guardian

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