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Thursday newspaper round-up: Tesco, Didi, Saudi Aramco, BlackRock

(Sharecast News) - Client meetings and emails could be picked up alongside a pint of milk and a box of eggs under a new deal between Tesco and flexible office operator IWG. From later this month, the owner of office operator Regus is to test out a 3,800 sq ft flexible working area within Tesco's New Malden supermarket, with room for 12 private desks, 30 co-working spaces and a meeting room. - Guardian Chinese taxi app Didi has told staff it has put plans for major international expansions on hold until at least 2025 and cut half its UK employees amid pressure from Beijing on one of its most prominent tech companies. Didi Chuxing has been on the back foot since last summer when the Cyberspace Administration of China, a powerful regulator, banned the country's dominant ride-hailing company from listing its app on mobile app stores in the country. - Guardian

Saudi Aramco has overtaken Apple as the world's most valuable company after oil prices surged and inflation hammered technology stocks. Aramco traded near its highest level on record on Wednesday, reaching a market capitalisation of about $2.4 trillion (£1.9 trillion) and surpassing that of Apple for the first time since 2020. - Telegraph

BlackRock has warned it will vote against most shareholder green activism this year for being too extreme, in a significant u-turn by the world's biggest money manager. The company said it was concerned about proposals to stop financing fossil fuel companies, including forcing them to decommission assets and setting absolute targets for reducing emissions in their supply chains. - Telegraph

The administrators to Debenhams have made £5.3 million in fees in the two years since the department store chain filed for insolvency. FRP Advisory was appointed to Debenhams in April 2020 after the retailer went bankrupt for a second time, shortly after lockdowns forced the closure of its stores. It oversaw the sale of the 200-year-old department store's brand and website to Boohoo for £55 million last January. - The Times

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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
Wednesday newspaper round-up: Four day working week, Post Office, Linklaters
(Sharecast News) - Campaigners for a four-day working week are preparing a new pilot project on flexible working in the hope that the Labour government will be more receptive to changes in how people work. The pilot project has opened to companies to sign up for a November start, with findings to be presented to the government in the summer of 2025. - Guardian
Tuesday newspaper round-up: Meta, EDF, Tesla
(Sharecast News) - Meta has claimed news is not the antidote to misinformation and disinformation spreading on Facebook and Instagram, as the company continues to push back against being forced to pay media companies for news in Australia. Meta announced in March it would not enter into new agreements with media companies to pay for news following the end of contracts signed in 2021 under the Morrison government's news media bargaining code. - Guardian
Monday newspaper round-up: Boeing, Tata Steel, Fortress Capital
(Sharecast News) - Boeing will plead guilty to a criminal fraud charge stemming from two deadly crashes of 737 Max jetliners, after the government determined the company violated an agreement that had protected it from prosecution for more than three years, the US the government said in court filing late on Sunday. Federal prosecutors gave Boeing the choice this week of entering a guilty plea and paying a fine as part of its sentence, or facing a trial on the felony criminal charge of conspiracy to defraud the US. - 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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