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Tuesday newspaper round-up: Nuclear power, P&O Ferries, Apple

(Sharecast News) - Boris Johnson has told nuclear industry bosses that the government wants the UK to get 25% of its electricity from nuclear power, in a move that would signal a significant shift in the country's energy mix. Johnson on Monday met executives from major nuclear utilities and technology companies including the UK's Rolls-Royce, France's EDF, and the US's Westinghouse and Bechtel to discuss ways of helping to speed up the development of new nuclear power stations. - Guardian

The Dubai-based owner of P&O Ferries is expected to benefit from at least £50m of UK taxpayer support as part of the government's freeport programme, raising questions over its role in the scheme after the sacking of 800 workers. DP World, the Emirati logistics giant behind P&O, runs the UK's second- and third-biggest shipping terminals at Southampton and London Gateway - locations among the first 12 freeports in the UK to be picked by the government last year as a flagship part of its levelling-up agenda. - Guardian

A Civil Aviation Authority (CAA) board member has been forced to quit after breaching conflict of interest rules by holding "a few thousand pounds" worth of shares in the owner of British Airways. Garry Copeland, a former British Airways director of engineering, has stepped down after being hired as a non-executive last September to help the CAA deliver on "its strategic safety objectives". - Telegraph

The boss of one of Britain's biggest motor dealers will be expected to explain why he rejected a £400 million takeover attempt by one of its largest shareholders when he delivers full-year results today. Shares in Pendragon jumped by more than 20 per cent yesterday after it emerged at the weekend that Hedin Group had tabled a 28p-a-share offer for the London-listed dealership weeks ago. - The Times

Apple is set to take another three floors at 22 Bishopsgate, the City of London's newest skyscraper, in the latest sign of the technology giant's commitment to offices and to Britain. It is the second time in the past six months that the company, which has a stock market value of more than $2.5 trillion, will have expanded its presence in the building. - The Times

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Thursday newspaper round-up: Thames Water, mortgage costs, UK car production
(Sharecast News) - Thames Water has breached its licence to supply water to nearly 16 million people after some of its debt was downgraded to junk status. The regulator Ofwat could now fine Thames, the country's largest water monopoly, up to 10% of its annual turnover, equating to hundreds of millions of pounds. However, since the company is already teetering close to temporary renationalisation, Ofwat is likely to hold off on any immediate large fines. - Guardian
Wednesday newspaper round-up: Reckitt, Tesla, Virgin Atlantic...
(Sharecast News) - Reckitt is under pressure from top shareholders to revisit a sale of its nutrition business, following litigation and a series of other setbacks at the division that have sent the company's share price to decade lows. The FTSE 100 consumer giant acquired the Mead Johnson infant formula business in 2017 for $17bn - its largest-ever acquisition - and it has been plagued by mishaps ever since. Meanwhile, the wider group, which makes Lysol detergent and Durex condoms, has underwhelmed investors as it struggles to build back sales volumes following a period of high inflation and suppressed consumer demand. - Financial Times
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
Monday newspaper round-up: Biden, gambling levy, UK economy...
(Sharecast News) - Kamala Harris, the vice-president, has emerged as the frontrunner to replace President Biden as the Democratic nominee for the election against Donald Trump in November. Biden, 81, announced yesterday afternoon that he would drop out of the race. In the hours that followed, Harris, 59, was endorsed by leading Democrats, prospective rivals and the chairs of all 50 state parties. - The Times

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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