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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.

Tuesday newspaper round-up: P&O Ferries, National Grid, Heathrow, Mike Lynch

(Sharecast News) - P&O Ferries, which controversially sacked about 800 workers in 2022, has paid some crew members less than half the UK minimum wage thanks to an ongoing legal loophole the British government promised to close two years ago. Agency workers at the company, which is owned by the Dubai-based DP World, have in some cases been earning about £4.87 an hour - even lower than the £5.15 an hour the company suggested was its lowest pay rate - an analysis of recent payslips conducted by the Guardian and ITV News suggests. - Guardian A £58bn plan to rewire Great Britain's electricity grid to connect up new windfarms off the coast of Scotland is expected to trigger tensions with communities along the route. National Grid's electricity system operator (ESO) has mapped out power "motorways" across Great Britain to allow for the biggest investment since the 1960s. - Guardian

Heathrow's inability to expand means it has lost its status as a global transport hub, the boss of Dubai Airports has said. Paul Griffiths, formerly managing director of Gatwick Airport before he moved to the Middle East, said Heathrow is suffering from a shortage of capacity amid an ongoing debate over a prospective third runway. - Telegraph

Mike Lynch has been accused of masterminding a "multiyear, multilayered fraud" at Autonomy that tricked HP into massively overpaying for the business. On the first day of Mr Lynch's criminal trial in San Francisco on Monday, the court heard accusations that the tech entrepreneur "spun a fabulous tale" to lure HP into paying $11bn (£8.6bn) for Autonomy. - Telegraph

Britain's car industry has insisted that an unprecedented 2,000% increase in vehicle exports to Azerbaijan has nothing to with Russia and is explained by the fact that the former Soviet state is a "flourishing market in its own right". Sky analysis has found that the British car sector sent another £40m worth of cars to Azerbaijan in the first month of this year, raising fresh questions about whether those cars were being sent there to circumvent sanctions on Russia. - Sky News

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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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