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Thursday newspaper round-up: Elon Musk, The Body Shop, Telegraph

(Sharecast News) - Popular trader recommendation websites must vet the firms they advertise and tackle fake reviews under new rules designed to protect households from cowboy builders and tradespeople. Nationally, unscrupulous traders cost homeowners about £1.4bn a year, according to trading standards authorities, a problem that is escalating as demand for home improvements, loft conversions and extensions increases. - Guardian A US court on Wednesday dismissed a lawsuit claiming Elon Musk refused to pay at least $500m in severance to thousands of Twitter employees he fired in mass layoffs after buying the social media company now known as X. US district judge Trina Thompson in San Francisco ruled on Tuesday that the federal Employee Retirement Income Security Act (Erisa) governing benefit plans did not cover the former employees' claims, and therefore she lacked jurisdiction. - Guardian

British tycoon Mike Jatania is closing in on a deal for The Body Shop, as he moves ahead in the race to rescue what is left of the stricken high street chain. Mr Jatania is understood to be part of a consortium that has entered exclusive talks with administrators overseeing the sale of The Body Shop. His investment firm Aurea Holdings is working on the acquisition alongside Charles Denton, former Molton Brown chief executive, according to sources. - Telegraph

The City regulator is to go ahead with the biggest shake-up of listing rules in three decades in an attempt to help London equity markets attract and retain more companies. The Financial Conduct Authority said loosening rules that govern the rights and information given to shareholders when companies float on the stock market would align "the UK's regime with international market standards". - The Times

The Daily Mail owner DMGT has withdrawn from the auction for the Telegraph newspapers amid fears that it would be drawn into a long and complex competition inquiry. The privately owned media group, which is run by Lord Rothermere, is understood to have told bankers overseeing the sale of its decision in recent days. - 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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