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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: Vodafone, Toyota, Arm

(Sharecast News) - The US telecoms group chaired by "cable cowboy" John Malone has snapped up a stake in Vodafone in a bet on the UK company's revival - but has ruled out making a takeover bid. Liberty Global, which is an investor in ITV and Virgin Media O2, told investors on Monday it had acquired a 4.92% stake in Vodafone, saying it believed the shares were undervalued. - Guardian Hydrogen is to be pumped into Britain's main gas pipeline by 2025 as part of a scramble to ditch fossil fuels and move to net zero. Between 2pc and 5pc of the fuel flowing through the country's transmission network will be hydrogen in two years under plans drawn up by National Gas, which owns the pipelines. - Telegraph

Toyota is to accelerate its shift to electric vehicles as the world's biggest carmaker unveiled plans to launch a new battery-powered flagship model. Koji Sato, chief executive of Toyota, said "the timing is right" to invest in new manufacturing methods to make electric vehicles in the latest sign the manufacturer is backing away from its hydrogen ambitions. - Telegraph

The number of directors banned for abusing pandemic support schemes has more than doubled in the current financial year compared with the whole of the previous 12 months. Official figures from the government's Insolvency Service show that in the ten months from April last year to January, 312 director disqualifications were linked to misuse of Covid-19 financial programmes, such as the £47 billion bounce back loan scheme. - The Times

Arm is recruiting more people in the UK than in any other part of the world, bucking the trend of layoffs in the technology sector and a sign of the company's commitment to its global headquarters in Cambridge. The microchip designer is looking for 500 new employees and 350 of those roles are in its Cambridge, Manchester, Warwick and Sheffield locations. The jobs, from graduate level to more senior hires, include software and hardware engineers, safety engineers, analysts and apprentices. Founded in Cambridge, Arm is owned by SoftBank, the Japanese investment group. It creates the blueprint for microchips in products such as Apple's iPhones, customers pay an upfront licence fee for the design and an additional royalty every time a chip is created from it. - The Times

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Thursday newspaper round-up: Elon Musk, The Body Shop, Telegraph
(Sharecast News) - Popular trader recommendation websites must vet the firms they advertise and tackle fake reviews under new rules designed to protect households from cowboy builders and tradespeople. Nationally, unscrupulous traders cost homeowners about £1.4bn a year, according to trading standards authorities, a problem that is escalating as demand for home improvements, loft conversions and extensions increases. - Guardian
Wednesday newspaper round-up: Four day working week, Post Office, Linklaters
(Sharecast News) - Campaigners for a four-day working week are preparing a new pilot project on flexible working in the hope that the Labour government will be more receptive to changes in how people work. The pilot project has opened to companies to sign up for a November start, with findings to be presented to the government in the summer of 2025. - Guardian
Tuesday newspaper round-up: Meta, EDF, Tesla
(Sharecast News) - Meta has claimed news is not the antidote to misinformation and disinformation spreading on Facebook and Instagram, as the company continues to push back against being forced to pay media companies for news in Australia. Meta announced in March it would not enter into new agreements with media companies to pay for news following the end of contracts signed in 2021 under the Morrison government's news media bargaining code. - Guardian
Monday newspaper round-up: Boeing, Tata Steel, Fortress Capital
(Sharecast News) - Boeing will plead guilty to a criminal fraud charge stemming from two deadly crashes of 737 Max jetliners, after the government determined the company violated an agreement that had protected it from prosecution for more than three years, the US the government said in court filing late on Sunday. Federal prosecutors gave Boeing the choice this week of entering a guilty plea and paying a fine as part of its sentence, or facing a trial on the felony criminal charge of conspiracy to defraud the US. - 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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