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Wednesday newspaper round-up: Post Office, Aston Martin, Stellantis UK

(Sharecast News) - The UK needs a system for recording misuse and malfunctions in artificial intelligence or ministers risk being unaware of alarming incidents involving the technology, according to a report. The next government should create a system for logging incidents involving AI in public services and should consider building a central hub for collating AI-related episodes across the UK, said the Centre for Long-Term Resilience (CLTR), a thinktank. - Guardian

A former IT engineer has admitted he changed crucial expert court testimony at the request of the Post Office during wrongful prosecutions of branch operators. Gareth Jenkins, a former senior engineer at the contractor Fujitsu, on Tuesday told the public inquiry into one of the biggest miscarriages of justice in British history that lawyers had asked him to change witness statements. - Guardian

Aston Martin has unveiled the design of a new limited-edition supercar for petrolheads as the British brand resists a push to scrap combustion engines. Marek Reichman, Aston Martin's executive vice president and chief creative, said the Valiant would "honour the internal combustion [engine]". Just 38 of the new vehicles which cost around £2m apiece will be manufactured and they have all already been allocated. - Telegraph

Europe's richest man Bernard Arnault has bought personal shares in a rival to his luxury empire LVMH, in a move expected to fuel speculation over a possible takeover. Mr Arnault, the chairman and chief executive of LVMH, is understood to have taken a small stake in Richemont, which owns Cartier. The position, which was not available on public registers on Tuesday afternoon, was described by sources as a personal investment by the LVMH boss. - Telegraph

The boss of Stellantis UK has said the automotive powerhouse could stop production at its Luton and Ellesmere Port van factories unless a future government provides cash and tax incentives to stimulate demand for electric vehicles. Maria Grazia Davino, head of Stellantis UK, also said the UK must reduce zero emission volume targets for manufacturers. - The Times

The British subsidiary of Atos, the French tech giant that is a big UK government contractor, has warned in its accounts that there is a "material uncertainty" about its ability to continue as a going concern. In the accounts for Atos UK's holding company for the year ending December 2022, Grant Thornton, the company's auditor, said that the UK subsidiary was reliant on cash from its French parent company that may not arrive, given the French business's growing problems. - The Times

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Thursday newspaper round-up: CMA, Riverford, Lloyds, Arm Holdings
(Sharecast News) - The appointment of the former boss of Amazon UK to lead the competition watchdog poses a threat to its independence and pledge to hold big tech to account, according to a group including tech companies and the former business secretary Vince Cable. The group - which includes the News Media Association, the Firefox developer Mozilla, the consumer group Which? and the Future of Technology Institute - has written to the chancellor, Rachel Reeves, to raise concerns about the appointment of Doug Gurr as the interim chair of the Competition and Markets Authority (CMA). - Guardian
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

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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