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Wednesday newspaper round-up: Drax, BT, Royal Mail, Heathrow

(Sharecast News) - Drax has received permission from the government to fit carbon capture technology to its wood-burning power plant, in a project that could cost bill-payers more than £40bn. The energy secretary, Claire Coutinho, on Tuesday approved the project to convert two of its biomass units to use the technology. - Guardian BT has become the first major telecoms company to scrap controversial above-inflation price rises for mobile and broadband customers - but not before pushing through a final increase this year. The owner of mobile operator EE has moved to address the pressure on consumers from rising household costs during the cost of living crisis, after telecoms companies were criticised for increasing bills. - Guardian

Royal Mail has warned that it may need a taxpayer bailout to keep the postal service afloat amid a sharp decline in letter sending. Martin Seidenberg, the chief executive, said it was "simply not sustainable" to maintain a delivery network built for 20bn letters when the company was now only delivering 7bn. - Telegraph

A director of the competition regulator has pledged to recuse himself from any review of the Abu Dhabi-backed takeover of The Telegraph owing to potential conflicts of interest. Murdoch MacLennan, a non-executive board member of the Competition and Markets Authority (CMA), was chief executive of Telegraph Media Group between 2004 and 2017. - Telegraph

Banks could face a £10 billion compensation bill for unfair car finance deals, analysts have suggested. Last week the Financial Conduct Authority said it would investigate whether those who took out loans before January 2021 were unfairly charged more expensive interest rates in return for higher levels of commission paid to car dealers. - The Times

Heathrow, Britain's gateway to the world, faces further turmoil after investors accounting for 35 per cent of the airport said they are selling up. Their decision to quit follows the sale of its 25 per cent stake in the airport by the largest shareholder, Ferrovial. - The Times

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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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