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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: Gaza, Ryanair, Pearson...

(Sharecast News) - Lord Cameron has joined forces with his German counterpart to call for a "sustainable ceasefire" in the Middle East and warn that "too many civilians have been killed" in the Hamas-Israel conflict. In a marked change of tone by the government which piles pressure on the Israeli government to end the bloodshed, the foreign secretary has united with Annalena Baerbock, the German foreign minister, to demand "a sustainable ceasefire, leading to a sustainable peace". - The Sunday Times

Ryanair boss Michael O'Leary is on track to earn a €100mn bonus after the low-cost airline's shares hit a record high this week. Shares rose to €18.99 on Friday, bringing their gains for the year to more than 50 per cent and underlining Ryanair's position as by far the most valuable airline in Europe. Under a bonus scheme agreed in 2019, O'Leary can earn share options worth around €100mn if the airline's share price hits €21 for 28 days, or it reports €2.2bn in annual profits after tax. - Financial Times

Pearson's largest shareholder has called for the company to move its listing to the US, in another blow to the London stock market. Cevian Capital has singled out the FTSE 100 educational publisher as the next company in its portfolio that should make a move to New York. The activist investor argues that the shift would be better for the business and comes just months after it managed to convince Irish building products group CRH to move their primary listing across the Atlantic. - Mail on Sunday

Petrol prices have fallen to their lowest in more than two years, the RAC has said. A litre of unleaded petrol now costs 142.57p on average at the pumps, a price not seen since the end of October 2021. That is about 10p a litre cheaper than in the run-up to last Christmas and about 14p less than the litre price two months ago. Diesel prices have not fallen. - The Guardian

The £300,000-a-year boss of one of Britain's busiest railway lines has agreed to resign after a string of overhead power and track failures, including one that left thousands of passengers stranded on trains for hours. Michelle Handforth, Network Rail managing director for the Wales & Western region from Paddington, is stepping down after the rail regulator launched an investigation into "poor punctuality" caused by repeated faults and emergency closures. - The Independent

Campaigners are pressing for changes to a UK government scheme for would-be first-time buyers that "fines" people if they use it to buy a home costing more than £450,000. Martin Lewis, the founder of MoneySavingExpert.com, is among those calling for an urgent revamp of the rules that apply to lifetime Isas, which let people save for a first home or for their retirement. Lewis told Guardian Money this week that the scheme was, in its current form, "broken" because it unfairly takes money off some young people and they get back less than their investment. - The Guardian

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Thursday newspaper round-up: Thames Water, mortgage costs, UK car production
(Sharecast News) - Thames Water has breached its licence to supply water to nearly 16 million people after some of its debt was downgraded to junk status. The regulator Ofwat could now fine Thames, the country's largest water monopoly, up to 10% of its annual turnover, equating to hundreds of millions of pounds. However, since the company is already teetering close to temporary renationalisation, Ofwat is likely to hold off on any immediate large fines. - Guardian
Wednesday newspaper round-up: Reckitt, Tesla, Virgin Atlantic...
(Sharecast News) - Reckitt is under pressure from top shareholders to revisit a sale of its nutrition business, following litigation and a series of other setbacks at the division that have sent the company's share price to decade lows. The FTSE 100 consumer giant acquired the Mead Johnson infant formula business in 2017 for $17bn - its largest-ever acquisition - and it has been plagued by mishaps ever since. Meanwhile, the wider group, which makes Lysol detergent and Durex condoms, has underwhelmed investors as it struggles to build back sales volumes following a period of high inflation and suppressed consumer demand. - Financial Times
Tuesday newspaper round-up: Kamala Harris, Crowdstrike, Vivendi...
(Sharecast News) - Kamala Harris has secured enough delegates from her party to clinch the Democratic presidential nomination, as she pledged to offer Americans a "brighter future" compared to the "chaos, fear and hate" proposed by Donald Trump. The US vice-president was speaking in Wilmington, Delaware, on Monday, the first full day since President Joe Biden dropped his re-election bid and endorsed her for the Democratic presidential nomination, shaking up the 2024 race for the White House. - Financial Times
Monday newspaper round-up: Biden, gambling levy, UK economy...
(Sharecast News) - Kamala Harris, the vice-president, has emerged as the frontrunner to replace President Biden as the Democratic nominee for the election against Donald Trump in November. Biden, 81, announced yesterday afternoon that he would drop out of the race. In the hours that followed, Harris, 59, was endorsed by leading Democrats, prospective rivals and the chairs of all 50 state parties. - The Times

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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