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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.

Sunday newspaper round-up: Britvic, Prices of UK homes, BT Group

(Sharecast News) - Aviva, one of the ten largest shareholders in Britvic, thinks that Carlsberg needs to raise its takeover offer. During the preceding week, Britvic had let it be known that it had already rebuffed two acquisition offers from the Danish brewer, the highest of which had been for £3.1bn. In particular, Aviva said that Carlsberg was not taking sufficiently into account how Britvic's finances were expected to improve over the next few years. - The Financial Mail on Sunday

The prices of UK homes were roughly 8% too expensive relative to Britons' earnings during the first three months of the year, according to property website Zoopla. At £264,900, the typical price of a home had been roughly unchanged over the preceding 12 months until May, but was expected to increase by 1.5% or £3,900 over the course of 2024. At the end of 2023 home prices had been 13% too costly, in part as a result of a spike in mortgage rates. - The Financial Mail on Sunday

Private equity outfit TDR Capital has appointed Houlihan Lokey and Morgan Stanley to run an auction for BPP, the training course outfit that it owns. TDR is looking to fetch in excess of £2.5bn for the company. Nevertheless, one industry source doubted that BPP would go for for more than £2bn. The sales process is expected to begin after the summer, when investors will have more information regarding BPP's autumn intake of students. - The Sunday Times

BT is threatening to cut broadband rivals' access to its network on account of lazy engineers not filling in crucial forms. The former telecoms monopoly alleges that smaller broadband providers are not providing the necessary information about where they plan to access its ducts and poles. They will be given three months to boost their compliance to 90%. It comes as dozens of broadband rivals, known as 'alt-nets' race to deploy their own full-fibre networks across the country. - The Sunday Telegraph

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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

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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