Skip Header
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.

Tuesday newspaper round-up: Kamala Harris, Crowdstrike, Vivendi...

(Sharecast News) -

Kamala Harris has secured enough delegates from her party to clinch the Democratic presidential nomination, as she pledged to offer Americans a "brighter future" compared to the "chaos, fear and hate" proposed by Donald Trump. The US vice-president was speaking in Wilmington, Delaware, on Monday, the first full day since President Joe Biden dropped his re-election bid and endorsed her for the Democratic presidential nomination, shaking up the 2024 race for the White House. - Financial Times A US Congressional committee has called on CrowdStrike's chief to testify at a hearing about the cybersecurity firm's role in the global tech outage that brought flights, banks, and hospital procedures to a halt. On Friday, a major tech outage embroiled the world in chaos as computers running Microsoft Windows began to show the "blue screen of death", which later became clear was due to a faulty update to a CrowdStrike software. - The Independent

Vivendi plans to float its French TV business Canal+ in London, providing a shot in the arm for the capital's stock exchange after a number of high-profile companies opted for rival international financial centres such as New York. The move is part of a drive to break up the media conglomerate controlled by the billionaire Vincent Bolloré to realise value from its different operations. - The Guardian

The flooring retailer Tapi has struck a multimillion-pound deal to rescue the Carpetright brand and a number of stores from its collapsed rival's administrators. Tapi is to buy the Carpetright brand, intellectual property, 54 stores and two warehouses, in a pre-pack administration deal that will complete today and save over 300 jobs. - The Times

The former Cabinet minister Nadhim Zahawi is leading a potential bid to buy The Telegraph, it has been claimed. Mr Zahawi, whose Cabinet appointments included a two-month stint as chancellor in 2022, has been approaching investors about a £600m bid for The Telegraph and The Spectator, according to Sky News. Mr Zahawi has discussed funding a potential bid with the Reuben family, the property billionaires who own a stake in Newcastle United Football Club, it was reported. - The Telegraph

Labour is likely to have to approve new gas-fired power stations in its attempt to decarbonise the UK's electricity systems by 2030, in what would be a tricky decision for the new government. Keeping the lights on for the rest of the decade, and beyond, will require some additional baseload power, and new nuclear power stations will not be built in time, according to a report from the National Engineering Policy Centre. - The Guardian

Google's parent company and Wiz have ended talks on a proposed $23bn acquisition, terminating what would have been the largest deal in the search group's history. Google parent company Alphabet had been in talks to buy the Israeli cyber security company in what would also have ranked as the biggest ever purchase of a venture-backed company, according to PitchBook, a data provider. - Financial Times

Share this article

Related Sharecast Articles

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
Monday newspaper round-up: Service charge, BP, Heathrow, Elon Musk
(Sharecast News) - An increasingly complex tax system is burdening the government and businesses with hundreds of millions of pounds more in administration costs, Whitehall's spending watchdog has warned. The report by the National Audit Office (NAO) also said "poor levels of service" meant some taxpayers and their representatives were "finding it more difficult to deal with their tax matters and are losing trust in HM Revenue & Customs [HMRC]". - 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.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.