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Tuesday newspaper round-up: Rail strikes, Tesla, house prices, Citymapper, retail footfall

(Sharecast News) - A generation of passengers will be put off travelling by train for good because of industrial action, ministers fear, as Britain enters the worst week of rail disruption for 30 years. Millions of people have been advised to avoid using the railways as the country faces five days of industrial action, effectively delaying the return to offices by a week as an estimated 80,000 trains are cancelled. - The Times Tesla fell short of its target to increase deliveries of its electric cars last year as the electric car maker battled a share price slide, surging inflation and an economic slowdown in China. In 2022, Tesla delivered 1.31m electric cars, missing founder Elon Musk's declared aim of achieving 50pc year-on-year growth. - Telegraph

Footfall on Britain's high streets and shopping centres plunged by more than a quarter in the week after Christmas compared with the week before, figures show. Shoppers opted to stay at home, as last week footfall was 27.7% lower than the week before and 19.7% down on the same week in 2019, retail data analysts Springboard said. - Guardian

House prices are on course to suffer their biggest decline since the financial crisis, with economists warning of a market "correction" this year caused by rising borrowing costs and a likely recession. Two thirds of economists surveyed by The Times expected house prices to fall by more than 4 per cent, with most warning of near-double-digit declines, making 2023 the worst year for the housing market since 2009. - The Times

Citymapper's losses have widened to £7.4m as the travel app struggles to turn its popularity into revenue growth. The London travel start-up, which developed a mapping and transport app used by millions, reported revenues of £5.1m in the year ending in December 2021, down from £5.4m the previous year. - Telegraph

Pubs and restaurants face a "perfect storm" of challenges this year as cash-strapped consumers slash spending and the government reduces its energy bills support - forcing many to cut their opening hours. The industry faced a plethora of challenges in 2022, including soaring energy bills, staffing shortages, rampant food inflation and fragile consumer confidence. - Guardian

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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
Thursday newspaper round-up: Car production, UK retailers, water bills, KPMG
(Sharecast News) - The architect of a ban on newspaper takeovers by foreign states has demanded that an Abu Dhabi fund be forced to sell The Telegraph by Easter. Baroness Stowell, the Conservative chairman of the Lords communications and digital committee, said the Government should impose an ultimatum on RedBird IMI. It should be backed by the threat of regulatory action, she said, to strip the fund of control of what has been dubbed "the newspaper auction from hell". - Telegraph

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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