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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.

Wednesday newspaper round-up: Oxford Instruments, Asda, Bulb, Netflix

(Sharecast News) - A few weeks after a short-lived £1.7 billion bid to take over the rival Oxford Instruments, Spectris, the FTSE 250 precision engineering group, has sold off a large part of its own business for £400 million. The chief executive has made it clear, though, that it could revive an Oxford Instruments deal. - The Times Shares in a technology start-up part-owned by the UK taxpayer lost 16 per cent of their value yesterday after reports that the business had issued "misleading" financial projections and "overstated its prospects" to investors. Arqit Quantum, a Nasdaq-listed IT security company backed by Rishi Sunak's Future Fund, claimed before the completion of a Spac merger that the business had $130 million in "signed committed revenue contracts". - The Times

Asda's private equity owner has claimed the value of its investment in the supermarket chain has soared by nearly 20 times as it gears up for a potential bid for the pharmacy chain Boots. The London-based TDR Capital said its stake as co-owner of the grocer was now worth €1.7bn (£1.4bn) on paper, or 19.8 times its original investment, indicating that the finance group put in just over £70m of fresh cash to back the deal, according to documents seen by the Financial Times. - Guardian

The boss of collapsed company Bulb Energy has been criticised for continuing to draw a £250,000 salary, funded by UK taxpayers. Once the seventh-biggest energy supplier, Bulb was effectively nationalised in November 2021 after collapsing amid the surge in global energy prices. That left the taxpayer with a potential bill of up to £3bn, making it the biggest state bailout since the collapse of the Royal Bank of Scotland in 2008. - Guardian

Netflix has admitted that its number of subscribers is falling for the first time in more than a decade, partly as a result of its decision to pull out of Russia. The US streaming giant lost 200,000 subscribers in the first three months of the year, far below Wall Street predictions that it would add 2.5m subscribers. Netflix shares plummeted 26pc in after-hours trading as it warned it would lose a further 2m subscribers in the second quarter of the year. - Telegraph

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Sunday newspaper round-up: Middle East, Aston Martin, Defence
(Sharecast News) - Britons must accept that their country was now involved in the Middle East conflict, Tobias Ellwood said. The former defence minister warned that "nobody was in full control" of the growing conflict as more and more countries were sucked in. Ellwood also said that Tehran's strike had taken the conflict into a "new dangerous territory". - Sunday Telegraph
Friday newspaper round-up: Everton, AstraZeneca, Amazon
(Sharecast News) - Everton has paid about £30m in interest charges to an opaque lender associated with a tax exile, corporate records suggest. The charges appear to have reached about £438,000 a week, according to the troubled Premier League club's most recent set of accounts, a figure more than three times the reported wages of the Everton and England goalkeeper Jordan Pickford. - Guardian
Thursday newspaper round-up: Border controls, McKinsey, KPMG
(Sharecast News) - New post-Brexit UK border controls coming into force later this month will cost British businesses £2bn and fuel higher inflation, according to a report warning that UK-EU trade will be damaged as a result. With less than a month before the introduction of new checks on animal and plant products from 30 April, the insurer Allianz Trade said the controls agreed under Boris Johnson's Brexit deal could add 10% to import costs over the first year. - Guardian
Wednesday newspaper round-up: Shoplifting, EnQuest, Klarna
(Sharecast News) - The government is investing more than £55m in expanding facial recognition systems - including vans that will scan crowded high streets - as part of a renewed crackdown on shoplifting. The scheme was announced alongside plans for tougher punishments for serial or abusive shoplifters in England and Wales, including being forced to wear a tag to ensure they do not revisit the scene of their crime, under a new standalone criminal offence of assaulting a retail worker. - 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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