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: Post Office, The Telegraph, Homebase

(Sharecast News) - A top US antitrust watchdog sued to block the country's largest-ever supermarket merger on Monday, alleging the deal would raise prices for millions of shoppers. The Federal Trade Commission argued that Kroger's $24.6bn takeover of rival grocer Albertsons would narrow consumer choice and weaken the quality of products on shelves. - Guardian Newly published documents show that a "toxic culture of disbelief" persists at the top of the Post Office when it comes to wronged post office operators, MPs have been told. Post Office board members complained of being "tired and constantly distracted by historical issues, short-term crisis management and funding issues", minutes of one of their meetings last year show. - Guardian

Rishi Sunak's raid on workers and businesses will cost the country an extra £100bn in taxes by the end of this decade just as surging net migration piles more pressure on public services, the Institute of Fiscal Studies (IFS) has warned. The respected think tank said Britain's tax burden would jump by 2030 as frozen tax thresholds mean inflation pushes more people into higher brackets and corporation tax weighs on businesses. - Telegraph

The UAE-funded takeover of The Telegraph could be blocked under proposed laws that would grant Parliament a veto on foreign state ownership of the British news media. An amendment that would require approval from both the House of Commons and the House of Lords for such deals has been tabled to the Digital Markets, Competition and Consumers Bill. - Telegraph

Homebase could soon be sold to new owners after talks were held with a number of potential buyers. Hilco Capital, which bought the troubled DIY and garden chain for £1 in 2018, is believed to have held discussions with a number of parties, including The Range and B&M European Value Retail, the discount retailers. - The Times

Share this article

Related Sharecast Articles

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.

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.