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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: Tesco, Green Agenda, EasyJet

(Sharecast News) - Tesco is leaning on its suppliers so that they pass on savings from falling costs so that it can reduce prices more quickly than rivals and thus lead on price cuts. Among other factors, on Thursday Tesco pointed to a halviing in wholesale electricity prices, a 22% reduction in PET packaging and an 84% fall in the cost of freight. Suppliers however said that other costs had continued to rise - not least wages. And in response to prodding by MPs, Asda co-owner, Mohsin Issa, has cautioned that fixed-term contracts meants that three to nine more month would be needed before customers benefitted from falling prices. - The Sunday Times

More than one hundred of the UK's largest energy outfits will write to the Prime Minister this week so that he does not back off the green agenda. The initiative follows a report from the Officce for Budget Responsibility warning of the catastrophic consequences for the economy of overreliance on gas. On Saturday, former ministers Alok Sharma and Chris Skidmore said that failing to fully embrace the net zero agenda could result in an environmental crisis as well and severe economic fallout for the UK. OBR estimated that £327bn needed to be invested to reach net zero by 2050, whereas only £22.5bn had been committed thus far. - Guardian

EasyJet and British Airways may be forced to pay at least £100m in compensation to millions of passengers whose flights were cancelled or delayed between 2016 and 2022. Over 100,000 flights were disrupted over that time period. Current regulations stipulate that passengers can claim up to £520 if a flight is delayed by more than three hours and if they contact the airlines directly. However, one of the goals of the class action is to force airlines themselves to automatically contact and offer compensation. - The Financial Mail on Sunday

Microsoft inked a deal with Sony to keep its best-selling video Call of Duty on the latter's Playstation console. The aim was to convince regulators to allow its proposed takeover of Activision, the game's publisher, to go through. However, what had truly motivated the CMA's decision in April not to authorise the deal was the risk that Microsoft's hold on the cloud gaming market would be strengthened. - The Sunday Telegraph

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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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