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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: Glencore, THG, John Wood Group

(Sharecast News) - The board of Teck Resources is piling on the pressure for the mining group to initiate talks with Glencore over its proposed $23bn (£19bn) takeover offer. Meanwhile, advisory group Glass Lewis has joined ISS in pushing for Teck's shareholders to reject a split that will be submitted to a vote on 26 April. According to Glass Lewis, Glencore's offer was sufficiently compelling to justify pausing the separation and engaging in negotiations. - The Sunday Times

One of THG Group's major shareholders, who wanted to remain anonymous, has urged the company's founder, Matt Mouldig, to "start to rebuild confidence" by "putting in a couple of results that beat targets", and to create "some momentum before looking to release value." The same shareholder said that funds had approached Moulding and proposed that he de-list the health and beauty e-commerce outfit. - The Financial Mail on Sunday

John Wood Group may soon enter into talks with Apollo regarding a proposed £1.66bn takeover offer from the US private equity outfit. In recent days, the oil and engineering company had sought written assurances regarding questions such as how a bid would be financed and potential competition issues that might arise. John Wood had previously rebuffed four other approaches from Apollo. The first of those offers was made at 200.0p a share while the latest is for 240.0p.

A recent cyber attack against Capita by Russian hacking group Black Basta is looking much more serious than admitted to by the outsourcer. Clients' bank account details, addresses and passport photos are all now being leaked online. The company had previously assured that people's personal details had not been compromised. It had also denied that its data was for sale on the dark web. - The Sunday Times

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Sunday newspaper round-up: Middle East, Aston Martin, Defence
(Sharecast News) - Britons must accept that their country was now involved in the Middle East conflict, Tobias Ellwood said. The former defence minister warned that "nobody was in full control" of the growing conflict as more and more countries were sucked in. Ellwood also said that Tehran's strike had taken the conflict into a "new dangerous territory". - Sunday Telegraph
Friday newspaper round-up: Everton, AstraZeneca, Amazon
(Sharecast News) - Everton has paid about £30m in interest charges to an opaque lender associated with a tax exile, corporate records suggest. The charges appear to have reached about £438,000 a week, according to the troubled Premier League club's most recent set of accounts, a figure more than three times the reported wages of the Everton and England goalkeeper Jordan Pickford. - Guardian
Thursday newspaper round-up: Border controls, McKinsey, KPMG
(Sharecast News) - New post-Brexit UK border controls coming into force later this month will cost British businesses £2bn and fuel higher inflation, according to a report warning that UK-EU trade will be damaged as a result. With less than a month before the introduction of new checks on animal and plant products from 30 April, the insurer Allianz Trade said the controls agreed under Boris Johnson's Brexit deal could add 10% to import costs over the first year. - Guardian
Wednesday newspaper round-up: Shoplifting, EnQuest, Klarna
(Sharecast News) - The government is investing more than £55m in expanding facial recognition systems - including vans that will scan crowded high streets - as part of a renewed crackdown on shoplifting. The scheme was announced alongside plans for tougher punishments for serial or abusive shoplifters in England and Wales, including being forced to wear a tag to ensure they do not revisit the scene of their crime, under a new standalone criminal offence of assaulting a retail worker. - 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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