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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: Google, M&S, Tesco

(Sharecast News) - Google's new quantum computer is capable of instantly making calculations that would take current supercomputers 47 years to complete. Such compouters, proponents argue, will be capable of battling climate change and creating breakthrough drugs. Their ability to break encryption systems now utilised on the other hand makes them a threat to national security. - The Sunday Telegraph Marks & Spencer has gotten itself into hot water after telling shareholders at the weekend that they ought not to attend its annual meeting as it has now gone digital. What's more, the retailer has said that any shareholders who do choose to attend will not be allowed to talk to members of the company's board face-to-face. Nor will they be offered refreshments. In fact, they will be asked to join in via their phones or computers, despite being in attendance. - The Financial Mail on Sunday

Gerry Murphy has been chosen as Tesco's new chairman. Murphy, who is also chairman of Burberry and Tate&Lyle, will step down from his post at the latter on 1 September, when he is due to join the grocer. The appointment was first reported by Sky News. In previous roles, Murphy ran Carlton Communications, Kingfisher, logistics outfit Exel and Greencore. Murphy expressed his excitement about the strategic opportunities for Tesco to grow. - The Sunday Times

Tesla achieved record car deliveries over the three months to June amid the ongoing price war with rivals. The firm run by Elon Musk delivered 466,140 cars, mostly of its less expensive models. That compared to forecasts for 445,000 and 422,875 in the first quarter of 2023. The manufacturer's output ramped up alongside, from 440,808 to 479,700 cars. Analysts however had warned that the company's aggressive price-cutting might hit its profit margins. Yet others had argued that deals to allow rivals to use its charging stations might erode its market share. - The Financial Mail on Sunday

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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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