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Sunday newspaper round-up: Glencore, Tesco, Vodafone

(Sharecast News) - Glencore is being prodded by an influential investor, Bluebell Capital Partners, not to delay letting go of its environmentally damaging coal mining business. The FTSE 100 listed outfit's plan had been to acquire Teck Resources, merge its coal unit with it and to then spinoff and list the combined company on the New York Stock Exchange. After Teck rebuffed its offer, those plans are at risk, but Bluebell is urging Glencore to let go of that business, saying that the remainder of the company would then fetch a higher valuation. - Financial Mail on Sunday Tesco is starting to pressure suppliers to cut their prices, an early indication that grocery shoppers may soon see the cost of their weekly purchases ease. According to Ged Futter at The Retail Mind, suppliers want further price increases. The news comes as consumers face a 23% jump on average for a typical basket of Easter staples when compared to a year earlier. Nonetheless, Futter expects that the price of dairy products, which were among the first to jump in 2022, will be among those that will fall the quickest. - The Sunday Times

A tie-up between Vodafone and rival Three, who operate the UK's third and fourth largest mobile networks, will be agreed within weeks, The Mail on Sunday understands. An agreement would follow six months of negotiations between Vodafone and Three owner CK Hutchinson. But potential sticking points did exist, including separate network sharing deals and how to go about disentangling Vodafone UK from its parent group. Three however was thought to be intent on a deal given the risk that continued investment in its network might prove unsustainable. - Financial Mail on Sunday

Britain's High Street is facing a £90bn bill as a result of upgrades forced on it by net zero rules. Failure to take action may otherwise render 91% of all retail space unlettable by 2030, estate agent Savills says. Under the government's plans, commercial properties would need to have an minimum energy performance rating of C by 2027 for them to be able to be rented out. A B rating would be necessary three years afterwards. Savills puts the cost of those upgrades at between £55bn to £90bn for the UK as a whole and at £10bn for London alone. - The Sunday Telegraph

Tourists from France and Germany have begin to shun the UK, tourism leaders fear, on account of the limits to travel with identity cards. Tourism has started to recover since Covid restrictions in Europe were lifted in 2022, but it was increasingly evident that significant numbers of French and Germans were staying away. Less than half the populations of those two countries had a valid passport. Brexit has also left a perception of the UK as being less welcoming to tourists. - Guardian

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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
Thursday newspaper round-up: Car production, UK retailers, water bills, KPMG
(Sharecast News) - The architect of a ban on newspaper takeovers by foreign states has demanded that an Abu Dhabi fund be forced to sell The Telegraph by Easter. Baroness Stowell, the Conservative chairman of the Lords communications and digital committee, said the Government should impose an ultimatum on RedBird IMI. It should be backed by the threat of regulatory action, she said, to strip the fund of control of what has been dubbed "the newspaper auction from hell". - Telegraph

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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