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Monday newspaper round-up: Twitter, Uber, dairy shortages, Purplebricks

(Sharecast News) - Elon Musk could be forced by a US court to complete his $44bn takeover of Twitter, according to legal experts, despite pulling the plug on the transaction. The Tesla chief executive told Twitter on Friday that he is terminating the deal, citing concerns over the number of spam accounts on the social media platform. Twitter's chairman, Bret Taylor, responded with a tweet stating that the company intended to "pursue legal action to enforce the merger agreement". - Guardian

Uber lobbied the French President Emmanuel Macron in the hope of writing future laws regulating taxi app services, leaked documents have revealed. Mr Macron is said to have held a meeting with executives from the taxi company that they described as "spectacular" when he was serving as economy minister in 2014, as Uber sought to disrupt the existing market. - Telegraph

Britain is on the edge of dairy shortages as a crippling lack of workers forces farmers to slash production, the country's biggest milk and butter maker has warned. Arla Foods, the company behind Lurpak butter and Cravendale milk, also predicted that dairy prices will surge even higher with grocery bills already rising at the fastest pace in 13 years. - Telegraph

Rishi Sunak and Grant Shapps, the prime ministerial hopefuls, should share the blame for the delays and cancellations chaos at airports this summer, the boss of one of the country's leading airline services companies has said. Philipp Joeinig, chief executive of Menzies Aviation, which provides check-in services, baggage handling and refueling for the likes of easyJet, American Airlines and Delta Air Lines worldwide, says that the staff shortages blighting the industry were predictable and preventable. - The Times

An activist investor that has built a 4 per cent stake in Purplebricks has called for the chairman of the online estate agency to resign, citing a plunge in the company's share price and rapid level of cash burn. Shares in Purplebricks have fallen 85 per cent since it listed on Aim in 2015, after a series of profit warnings and operational blunders, causing market value to shrink to just over £45 million, from £240 million. - The Times

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Thursday newspaper round-up: ONS, Saba Capital, Telegraph
(Sharecast News) - The government's statistics agency is spending £8m to hire an army of low-paid temporary workers amid efforts to fix its "virtually unusable" data on unemployment and wages in Britain. Under pressure over the quality of its data, the Office for National Statistics last month agreed the multimillion-pound deal with the employment agency Randstad to recruit interviewers to help increase the reliability of its labour force survey (LFS). - Guardian
Wednesday newspaper round-up: HMRC, CMA, Santander
(Sharecast News) - Parliament's spending watchdog has accused HM Revenue & Customs of deliberately running down its phone services to force people to go online after finding the average call waiting time has passed 23 minutes - almost double the figure of two years earlier. With people across the country working to finish their self-assessment return before the 31 January deadline, the public accounts committee (PAC) said it was "concerned that HMRC has degraded its own phone services" in the hope that taxpayers choose other ways to get in touch. - Guardian
Tuesday newspaper round-up: Trump, Santander, Heathrow
(Sharecast News) - Donald Trump signed a memorandum on inflation and multiple orders aimed at lowering energy prices, but the incoming president's advisers offered few details on the policies, raising serious questions about whether the new administration will be able to address one of Americans' most pressing concerns. During a press call on Monday morning, incoming White House advisers pledged that Trump would pursue an "all of government approach to bringing down costs for American citizens" but they declined to outline concrete steps that the administration would pursue to lower prices. - Guardian
Monday newspaper round-up: TikTok, London salaries, Airbus
(Sharecast News) - TikTok said on Sunday that it was restoring services in the US after Donald Trump pledged earlier in the day to give the video app a reprieve on its US ban. Trump wrote on Truth Social that after taking office on Monday he would sign an executive order allowing the Chinese-owned video app additional time to find a buyer before facing a total shutdown, and proposing that the US or an American firm take a 50% ownership stake. - 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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