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Tuesday newspaper round-up: Apple, CBI, PwC

(Sharecast News) - Apple has lifted the lid on the worst kept secret in Silicon Valley and revealed the Vision Pro, a $3,499 VR headset. "With Vision Pro, you're no longer limited by a display. Your surroundings become an infinite canvas," the Apple chief executive, Tim Cook, said. "Vision Pro blends digital content into the space around us. It will introduce us to Spatial Computing." - Guardian The future of Britain's most prominent business lobby group, the Confederation of British Industry, is on a knife-edge as it relies on the backing of trade bodies in a crunch vote. The CBI has been canvassing support from its members ahead of an extraordinary general meeting on Tuesday that will decide on its fate after sexual misconduct allegations revealed by the Guardian. - Guardian

Houses are taking twice as long to sell today as they did a year ago, as rising mortgage rates make it harder for buyers to afford homes. On average, it took home sellers 49 days to find a buyer in May, up from 26 days in the same month in 2022, according to analysis of Connells Group data by Hamptons. - Telegraph

The former owner of In The Style, a fast-fashion retailer once worth £100 million, plans to bypass shareholders and enter compulsory liquidation. Adam Frisby founded the online retailer in his bedroom ten years ago. It built a following thanks to collaborations with Charlotte Crosby, a star of the television show Geordie Shore, and Stacey Solomon, a panellist on ITV's Loose Women. - The Times

PwC has given the names of at least 67 of its consultants, including some based in the UK, to Australian politicians investigating a tax leak scandal that threatens the firm's global reputation. In response to questions, PwC has written to the Australian Senate giving the names of current and former staff potentially connected to the leaking of confidential government tax plans. - The Times

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Friday newspaper round-up: Barclays, BP, JPMorgan
(Sharecast News) - The UK government will "wait and see" whether tariffs announced by Donald Trump "actually come to pass", a senior minister said. The US president announced what he called "reciprocal tariffs" on all other countries on Thursday evening, claiming it was "fair to all". But it was unclear how this would apply to the UK, especially as Trump suggested his policy regarded VAT as a tariff. - Guardian
Thursday newspaper round-up: Solar panels, OBR, Chevron
(Sharecast News) - California's home-insurance safety net does not have enough money to pay all of the claims from damage caused by the Los Angeles wildfires and has asked private insurers to contribute $1bn toward those claims. All private insurers operating in California are required to contribute to the Fair plan, a plan of last resort established so all Californians would have access to fire insurance. More than 450,000 California homeowners got their insurance through the Fair plan in 2024 - more than double the number in 2020. As of 4 February, the plan had received more than 4,700 claims from the Palisades and Eaton fires, almost half of which were for "total losses". - Guardian
Wednesday newspaper round-up: British economy, Heathrow, FOS
(Sharecast News) - The British economy is on course to expand by 1.5% this year after the budget gave a boost to public spending but could be blown off course if Donald Trump goes ahead with threatened tariffs, a leading economic thinktank has warned. In a boost to Rachel Reeves after a bruising month of negative economic figures, the National Institute of Economic and Social Research (NIESR) upped its annual growth prediction from 1.2% to 1.5%. - Guardian
Tuesday newspaper round-up: OpenAI, EVs, gas prices
(Sharecast News) - Elon Musk escalated his feud with OpenAI and its CEO Sam Altman on Monday. The billionaire is leading a consortium of investors that announced it had submitted a bid of $97.4bn for "all assets" of the artificial intelligence company to OpenAI's board of directors. The startup, which operates ChatGPT, has been working to restructure itself away from its original non-profit status. OpenAI also operates a for-profit subsidiary, and Musk's unsolicited offer could complicate the company's plans. The Wall Street Journal first reported the proposed bid. - 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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