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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: 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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