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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: Revolut, Brexit, Chinese subsidies

(Sharecast News) - Revolut is aiming for a £32bn at an upcoming share sale. If it succeeds the fintech start-up's valuation would surpass that of NatWest. According to the Financial Times, the firm is looking to sell approximately £395m in order to finance its expansion. - The Financial Mail on Sunday

Should he win the elections, the Labour government will be left with no other choice but to reenter the European Union's single market and customs union if it wants to maximise the country's economic growth, leading economists and diplomats have said. In parallel, a poll by Opinium for the Observer found that 56% of voters think Brexit was bad for the economy, versus 12% who believe the opposite. Labour meanwhile has taken its lead over the Conservatives to 20 points with under a fortnight left to go before polling day - Guardian

Trade ministers from China and the European Union have reached a last-minute agreement to engage in talks aimed at avoiding a tit-for-tat trade war. The talks will centre around Brussels's plans to raise tariffs on electric car imports from the Asian giant by up to 48%. The EU's planned move was in response to Chinese subsidies for its EV industry. The talks would follow a three-day visit by German economics minister, Robert Habeck, to Beijing. - Sunday Telegraph

Pepsi has given the go-ahead to Carlsberg's £3.1bn takeover bid for Britvic. Executives at the US outfit told the Danish beermaker that they would not make use of their so-called poison-pill which could allow them to stop the purchase. Carlsberg has already disclosed that it made two separate approaches for Britvic earlier in June. A third improved offer is being prepared and may arrive as soon as during the coming week. - 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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