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Tuesday newspaper round-up: Nuclear reactors, ITV, Metro Bank

(Sharecast News) - MPs have warned that a planned fleet of small nuclear reactors are unlikely to contribute to hitting a key target in decarbonising Britain's electricity generation, as the government opened talks to buy a site in Wales for a new power station. The Environmental Audit Committee (EAC) said that ministers' approach to developing factory-built nuclear power plants "lacks clarity" and their role in hitting a goal of moving the grid to clean energy by 2035 was unclear. - Guardian

The former Post Office boss Paula Vennells gave Fujitsu a bonus contract in 2013 to take over an archive of branch data, despite warnings such a move would destroy evidence that might clear operators, whistleblowers have said. Transaction information was "replatformed" on cost grounds from a "gold standard" external storage system known as Centera to one owned by the Japanese software company running the Post Office's Horizon IT network. - Guardian

A Mayfair fund has taken a £120m stake in ITV as the broadcaster grapples with a deep advertising downturn and slump in its market value. Silchester International Investors has become one of ITV's largest shareholders after snapping up a 5pc stake in the business. The media-shy fund, which has also built a £500m stake in advertising giant WPP, states that its investment philosophy is to identify fairly valued businesses "capable of increasing earnings, assets and dividends by their own efforts". - Telegraph

A crisis that almost brought down Metro Bank in the autumn has derailed its plan to open branches and create jobs in the north of England in return for a £70 million grant. Metro had pledged to take on 300 staff to serve 15 new high street sites by the end of next year as part of commitments made to secure money from a £775 million pot. The funding was meant to increase competition and services in business banking. - The Times

Staff at RSM and Quantuma are alleged to have wrongfully received tip-offs about potential work from government insolvency staff in a scandal that is being examined by regulators and that has led to the dismissals of least four people. Employees of the accountancy and restructuring firms allegedly received "case data" from staff at the Official Receiver, part of the government's Insolvency Service. - 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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