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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: Water companies, Walgreens, Deutsche Bank

(Sharecast News) - Water companies have apologised for repeated sewage spills and pledged to invest £10bn this decade in an attempt to quell public anger over pollution in seas and rivers. The companies will triple their existing investment plans to plough funds into the biggest modernisation of sewers "since the Victorian era" to reduce spills of overflowing sewage into England's waterways. - Guardian San Francisco has reached a $230m settlement with Walgreens over the corporation's role in the city's unprecedented opioid crisis. The settlement is the largest ever awarded to a local government amid years of continuing, nationwide opioid-centered litigation, according to San Francisco's city attorney. - Guardian

Barclays is planning to hire 200 new traders in Paris in the latest blow to the City of London in the wake of Brexit. The British lender said it expects to increase its headcount in the French capital by about two-thirds over the next two to three years as it increasingly becomes Europe's main trading hub. - Telegraph

The former chief executive of London Capital & Finance, the collapsed investment company, received a suspended jail sentence after he admitted concealing £95,000 from investigators that was used to fund his luxury lifestyle. A judge at Southwark crown court in London sentenced Michael Thomson, 50, to ten-months in jail, suspended for two years, yesterday after he was found to have breached a restraint order imposed on his finances. - The Times

Deutsche Bank has agreed to pay $75 million to settle a lawsuit which accused it of helping to facilitate sex trafficking by the paedophile and financier Jeffrey Epstein, according to lawyers for the plaintiffs. Alleged victims of Epstein, led by a woman listed anonymously as Jane Doe, launched legal action against the investment bank last November. - 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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