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Wednesday newspaper round-up: Rail strikes, HS2, Apple

(Sharecast News) - Rail passengers in England face another day without trains on Wednesday as a strike by train drivers halts most services. Members of the Aslef union are on strike for the second time in four days, in a 24-hour walkout timed to coincide with the final day of the Conservative party conference in Manchester. - Guardian

Lobbyists from TikTok, Amazon and gambling and crypto companies paid more than £3,000 a head to sit with ministers as part of the Conservative party's business day, where Rishi Sunak set out his pitch to stop big corporations being wooed by Labour. Senior ministers including Michael Gove, the levelling up secretary; John Whittingdale, a media minister; Robert Jenrick, the immigration minister; and James Cartlidge, a defence procurement minister, hosted tables of guests who had paid for access to the "policy" discussions. - Guardian

The Conservative Mayor of the West Midlands has launched a last-ditch effort to save HS2's northern leg by securing private funding to finish the troubled project. Andy Street, the former John Lewis boss, is understood to have urged Rishi Sunak to strip the government-owned organisation HS2 Ltd of control over the multibillion-pound scheme and instead put a development corporation in charge. - Telegraph

The Canadian investor chaired by Mark Carney is buying a family-run British renewable energy company in a deal worth nearly $1 billion. Brookfield Asset Management said that its second Global Transition Fund was acquiring Banks Renewables, which is controlled by Harry Banks, 82, the Durham-based businessman. - The Times

Apple has bowed to demands by China to ban apps not licensed under a new censorship regime from its phones, the latest in a line of companies to accept Beijing's rules to operate in the country. After talks last week between company leaders and Communist Party authorities, Apple posted an update to its website for App developers. - The Times

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Thursday newspaper round-up: Thames Water, mortgage costs, UK car production
(Sharecast News) - Thames Water has breached its licence to supply water to nearly 16 million people after some of its debt was downgraded to junk status. The regulator Ofwat could now fine Thames, the country's largest water monopoly, up to 10% of its annual turnover, equating to hundreds of millions of pounds. However, since the company is already teetering close to temporary renationalisation, Ofwat is likely to hold off on any immediate large fines. - Guardian
Wednesday newspaper round-up: Reckitt, Tesla, Virgin Atlantic...
(Sharecast News) - Reckitt is under pressure from top shareholders to revisit a sale of its nutrition business, following litigation and a series of other setbacks at the division that have sent the company's share price to decade lows. The FTSE 100 consumer giant acquired the Mead Johnson infant formula business in 2017 for $17bn - its largest-ever acquisition - and it has been plagued by mishaps ever since. Meanwhile, the wider group, which makes Lysol detergent and Durex condoms, has underwhelmed investors as it struggles to build back sales volumes following a period of high inflation and suppressed consumer demand. - Financial Times
Tuesday newspaper round-up: Kamala Harris, Crowdstrike, Vivendi...
(Sharecast News) - Kamala Harris has secured enough delegates from her party to clinch the Democratic presidential nomination, as she pledged to offer Americans a "brighter future" compared to the "chaos, fear and hate" proposed by Donald Trump. The US vice-president was speaking in Wilmington, Delaware, on Monday, the first full day since President Joe Biden dropped his re-election bid and endorsed her for the Democratic presidential nomination, shaking up the 2024 race for the White House. - Financial Times
Monday newspaper round-up: Biden, gambling levy, UK economy...
(Sharecast News) - Kamala Harris, the vice-president, has emerged as the frontrunner to replace President Biden as the Democratic nominee for the election against Donald Trump in November. Biden, 81, announced yesterday afternoon that he would drop out of the race. In the hours that followed, Harris, 59, was endorsed by leading Democrats, prospective rivals and the chairs of all 50 state parties. - The Times

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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