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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.

Thursday newspaper round-up: Cash, ARM, EY

(Sharecast News) - Households could save up to £400 a year on energy bills under a new means-tested scheme to insulate more than 300,000 of Great Britain's draughtiest homes. The government is spending £1bn on grants for homes that have low energy efficiency ratings and are in lower council tax bands. - Guardian Cash has mounted a comeback in the UK, with payments made using notes and coins increasing for the first time in a decade, data shows. Cash use has been in long-term decline, but the banking body UK Finance said the cost of living crisis had prompted many people to turn back to "tangible" physical money to help them manage their budgets. - Guardian

The British microchip company Arm has priced its New York IPO at $51 a share, giving it a valuation of more than $52bn (£42bn) ahead of its Wall Street debut on Thursday. The pricing, confirmed by Arm on Wednesday evening, is at the top of the $47 to $51 range Arm had said last week, suggesting strong demand from investors. Telegraph

Ethical investment standards risk undermining Britain's defence industry and the wider economy, Grant Shapps has claimed. The defence secretary said that companies in the defence industry were being "excluded from access to debt and equity capital, citing environmental, social and governance [ESG] grounds. - The Times

Despite the chaos caused by its failed break-up plan, EY's global army of accountants and advisers made more money than ever before over the past year. The Big Four firm and its moves to split itself into separate audit and consulting businesses have dominated the industry for the past 18 months. - The Times

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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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