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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: EasyJet, Direct Line, Cairo

(Sharecast News) - EasyJet founder Sir Stelios Haji.Ioannou has called time on his long-running feud with the "scoundrels" running the carrier. Haji-Ioannou has admitted that his war with easyJet boss Johan Lundgren was motivated by his fear that it would not get through Covid-19. His latest remarks come as the company is preparing to re-enter the ranks of the FTSE 100. They also come after attempts by easyJet to fill the gap in the market left by the collapse of Monarch and Thomas Cook, with Lundgren and chairman Stephen Hester having tried to shift focus towards selling holidays instead of just flights. - The Sunday Times Sir Peter Wood believes that Direct Line, the insurer he founded in 1985 has been "terribly" managed for years, leaving it a potential target for bidders. Indeed, given a decent price, that is exactly what he thinks should happen, Wood told the Mail on Sunday. Belgium's Ageas tabled a £3.1bn bid during the previous week, but that was not enough, Wood added. Wood further described the share and cash deal offered by Ageas as "messy". He was also "sure" that other offers would materialise. - Financial Mail on Sunday

A delegation of Hamas officials arrived in the Egyptian capital for talks to try and reach a ceasefire deal. It followed indications that Tel Aviv was ready to accept a phased six-week agreement for the release of hostages and a truce before the start of Muslims' holy month of Ramadan. Negotiators from Qatar and the U.S. had also arrived in Cairo to take part in the talks. A response from Hamas was anticipated on Sunday or Monday. - Guardian

Ministers are under pressure to present their plans should Thames Water collapse, an outcome that could cost taxpayers billons of pounds. The rescue plans drawn up by the Department for Environment, Food and Rural Affairs are known as "Project Timber" and according to Thames Water executives have a value of £5bn. The supplier is facing a £190m loan in April that its bosses have already said that it will not be able to meet. - The Sunday Telegraph

St.James's Place has put aside £426m to cover compensations to clients who allege that it fraudulently charged for annual reviews of client portfolios that were never conducted. The provision also follows the 15,000 complaints lodged with law firm AMK Legal on their behalf over the past three months. - The Sunday 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

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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