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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: UK farmers, Total, Royal Mail

(Sharecast News) - UK farmers are receiving negligible profits for many items as food prices rise and supermarkets boast record takings. An average block of cheese or loaf of bread produces less than a penny for farmers, and fruit producers do not fare much better, making just 3p from each kilo of apples. - Guardian French oil giant TotalEnergies has become the first major North Sea operator to cut investment as a direct result of Rishi Sunak's windfall tax. The €157bn (£134bn) company is to reduce planned spending on new wells by a quarter next year as the levy forces drilling businesses to reexamine their plans. - Telegraph

Royal Mail has accused striking staff of assault and intimidation against workers crossing the picket line as the dispute between the two sides becomes increasingly bitter. One person was headbutted while some employees were followed and filmed, according to claims made by the company as strikes entered their fifth month. - Telegraph

The former head of the competition regulator is set to take a job at a US consultancy where he will advise on anti-trust issues. Andrea Coscelli, who stepped down as chief executive of the Competition and Markets Authority in July after six years, will set up a new London office as co-head in Europe of Keystone Strategy. - The Times

Britain's third-biggest cinema chain is ready to swoop on a rival in a "huge consolidation play" ahead of a possible stock market flotation. Tim Richards, who founded Vue International in 1999, confirmed the company was ready to take advantage of any opportunities that presented themselves as speculation mounts that Cineworld could be broken up. - The Times

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Sunday newspaper round-up: Ukraine, HSBC, Rolls-Royce
(Sharecast News) - Officials from Ukraine and the US are expected to sit down in Riyadh and talk about a possible partial ceasefire on Sunday. The meeting will be taking place sooner than expected and will precede another between delegations from the US and Russian on Monday. On Saturday, the American president said that efforts to stop an escalation in the war were "somewhat under control". For his part, Kremlin spokesman, Dmitry Peskov, said that: "We are only at the beginning of this path". "We are working for a ceasefire and a lasting peace [...] We won't have the terms of discussions or timing be played out in the media." - The Sunday Telegraph
Thursday newspaper round-up: High streets, Grangemouth, Fed
(Sharecast News) - The UK's high streets are expected to empty out at a faster pace this year as extra costs imposed on businesses by Rachel Reeves are blamed for shops closing and a slowdown in chain store openings. The rate of store closures is forecast to rise again as a result of the chancellor's tax-raising budget last October, after a slowdown to 10 a day last year from 13 a day in 2023, according to research. - Guardian
Wednesday newspaper round-up: Tesla, British Gas, steelmakers
(Sharecast News) - Elon Musk's vast stake in Tesla is no longer his most valuable asset as the electric car company continues to endure a sharp stock market sell-off. Musk's stake in SpaceX, his private rockets and satellites business, is now the billionaire tycoon's largest asset for the first time in five years, according to Forbes, which still pegs his net worth at $323bn - more than anyone else in the world. - Guardian
Tuesday newspaper round-up: Thames Water, Ikea, FOS
(Sharecast News) - A record 50% more raw sewage was discharged into rivers in England by Thames Water last year compared with the previous 12 months, data seen by the Guardian reveals. Thames, the largest of the privatised water companies, which is teetering on the verge of collapse with debts of £19bn, was responsible for almost 300,000 hours of raw sewage pouring into waterways in 2024 from its ageing sewage works, according to the data. This compares with 196,414 hours of raw effluent dumped in 2023. - 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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