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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: Rupert Murdoch, Tesla, HSBC

(Sharecast News) - Rupert Murdoch's three adult children will retain control over their father's media empire upon his death, a Nevada court has ruled after Murdoch launched a campaign to wrest away their power and give it all to his oldest son. The New York Times reported on Murdoch's loss, citing a sealed court decision that was filed on Saturday. The family battle took place outside of the public's eye, despite attempts from the media to gain access to the trial. - Guardian Tesla lobbied the UK government to strengthen rules on carbon emissions from cars and lorries, according to documents that also show the electric carmaker continued to push for increased taxes on fossil fuel cars. The US carmaker, which is run by Elon Musk, pushed for the British government to strengthen its zero-emission vehicle (ZEV) mandate for cars and introduce equivalent rules for heavy goods vehicles (HGVs), in a letter to Lilian Greenwood, the Labour roads minister. - Guardian

HSBC has been accused of funding deforestation in one of South America's largest forests, increasing scrutiny of the bank's climate policy under Georges Elhedery, its new chief. The lender, which is being restructured under Mr Elhedery, has been blamed for indirectly fuelling the destruction of Paraguay's Gran Chaco. - Telegraph

The TV streaming and film production company behind the Paddington films is to list in London within days after shareholders overwhelmingly approved the break-up of its parent business Vivendi of France. The Paris-based Canal+, which boasts 27 million pay TV customers worldwide as well as rights to the Ealing comedies and Carry On films, will be spun off from Vivendi and list next Monday in a move seen as a coup for London. - The Times

Insider dealing could be taking place before as many as one in three takeover bids in the UK, regulators have indicated, but the trend is downwards. The Financial Conduct Authority identified suspicious trading activity before 30.3 per cent of bids in 2023, which was down from 35.3 per cent in 2022. Its new methodology suggests, however, that the illegal activity has for years been more commonplace than the regulator had thought because of flaws in the way it previously identified red flags. - The Times

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Thursday newspaper round-up: Solar panels, OBR, Chevron
(Sharecast News) - California's home-insurance safety net does not have enough money to pay all of the claims from damage caused by the Los Angeles wildfires and has asked private insurers to contribute $1bn toward those claims. All private insurers operating in California are required to contribute to the Fair plan, a plan of last resort established so all Californians would have access to fire insurance. More than 450,000 California homeowners got their insurance through the Fair plan in 2024 - more than double the number in 2020. As of 4 February, the plan had received more than 4,700 claims from the Palisades and Eaton fires, almost half of which were for "total losses". - Guardian
Wednesday newspaper round-up: British economy, Heathrow, FOS
(Sharecast News) - The British economy is on course to expand by 1.5% this year after the budget gave a boost to public spending but could be blown off course if Donald Trump goes ahead with threatened tariffs, a leading economic thinktank has warned. In a boost to Rachel Reeves after a bruising month of negative economic figures, the National Institute of Economic and Social Research (NIESR) upped its annual growth prediction from 1.2% to 1.5%. - Guardian
Tuesday newspaper round-up: OpenAI, EVs, gas prices
(Sharecast News) - Elon Musk escalated his feud with OpenAI and its CEO Sam Altman on Monday. The billionaire is leading a consortium of investors that announced it had submitted a bid of $97.4bn for "all assets" of the artificial intelligence company to OpenAI's board of directors. The startup, which operates ChatGPT, has been working to restructure itself away from its original non-profit status. OpenAI also operates a for-profit subsidiary, and Musk's unsolicited offer could complicate the company's plans. The Wall Street Journal first reported the proposed bid. - Guardian
Monday newspaper round-up: Service charge, BP, Heathrow, Elon Musk
(Sharecast News) - An increasingly complex tax system is burdening the government and businesses with hundreds of millions of pounds more in administration costs, Whitehall's spending watchdog has warned. The report by the National Audit Office (NAO) also said "poor levels of service" meant some taxpayers and their representatives were "finding it more difficult to deal with their tax matters and are losing trust in HM Revenue & Customs [HMRC]". - 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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