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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: TalkTalk, Apple, Andrew Bailey

(Sharecast News) - Contacts between TalkTalk and Macquarie aimed at a £450m investment by the latter in its wholesale unit, known as PlatformX, have run into a wall. The news comes as TalkTalk races to refinance its £1bn debt pile in August, which is comprised of a £330m revolving credit facility maturing in November and a £685m loan falling due in February. TalkTalk was set to be seeking a £1.5bn valuation and Sky News reported that Macquarie wanted a 40% stake in PlatformX. The Australian investment bank was still interested but talks had stalled. TalkTalk founder Sir Charles Dunstone was scheduled to meet with banks and bondholders on Monday. - The Sunday Times

Warren Buffet's Berkshire Hathaway hived off a large chunk of shares in tech heavyweight Apple during the second quarter while running up his cash hoard to around $277bn. Berkshire let go of 390m shares in Apple. That was on top of the $115m sold during the previous three months - despite which Apple's share price gained 23%. As at 30 June, Berkshire retained approximately 400m shares in Apple with a market value of $84.2bn. In total, Berkshire sold $75.5bn-worth of stocks over the three months ending in June. - Guardian

Bank of England Governor Andrew Bailey will not acquiesce to calls from multiple critics for him to stand down. Baily said he will see out his entire eight-year term which finishes in 2028. Bailey also sounded a much more positive note on the economy than the Chancellor, although "there is still a lot to be done". Cautioning that he would not "get drawn into politics", he went on to add that "I do think it's good news, and a reason to be optimistic, that inflation is back on target." - The Financial Mail on Sunday

BAE Systems boss Charles Woodburn says the defence engineer is mulling a range of possible buyouts of drone makers and designers. Woodburn said that drone warfare was evolving rapidly and that demand was on the rise. The BAE chief also said that the company was studying takeovers of small British outfits in the space sector. - The Financial Mail on Sunday

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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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