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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: Nestle, Halifax, Glencore

(Sharecast News) - Direct trains could next year connect Wrexham to London, with a new service capitalising on the town's Hollywood-meets-football mini-boom. The train manufacturer Alstom is bidding to set up the Wrexham, Shropshire and Midlands Railway with a promise of cheaper, more comfortable trains straight to London. - Guardian Green MP Caroline Lucas has accused the government of stoking a culture war on climate issues by calling for more investment in new gas-fired power plants before a general election. Lucas used an urgent question in the House of Commons to challenge the energy minister, Graham Stuart, on the plans set out on Wednesday, which could see a string of new plants built in the coming years despite the government's commitment to phase out fossil fuels. - Guardian

Britain's biggest investor is demanding that Nestlé sells fewer chocolate bars amid worries over the public health impact of the Swiss food giant's products. Legal & General Investment Management (LGIM), which looks after around £1.2 trillion of saver's money, is seeking to toughen up health targets set by the Swiss food giant as part of an ethical compliance drive. - Telegraph

Halifax is imposing a new 70-year age limit on thousands of homebuyers as banks seek to rein in risky mortgage lending. The lender is reducing the maximum age at which it will allow many borrowers to say they intend to retire from 75 to 70 - meaning that in many cases it will not lend to someone older than this limit. - Telegraph

An activist investor has called on Glencore to abandon the demerger of its coal business and to switch its primary listing to Sydney from London, which it said was "no longer the home of mining". Tribeca Investment Partners, an Australian hedge fund, wrote to the board of the Swiss commodities powerhouse this week putting forward a list of proposals designed to help to revive the share price, which it said had trailed behind rivals since Glencore's stock market flotation in 2011. - The Times

A key architect of EY's failed plan to split itself in two has been moved from his executive role as the Big Four firm's incoming boss rejigs the senior leadership team before she starts in the summer. Janet Truncale, who was voted in as EY's new global chief executive and chairwoman in November, sent an email to partners this week naming the four senior partners who would help her to run the accounting and consulting group. - The 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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