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Wednesday newspaper round-up: Telegraph, flexible working, Ford

(Sharecast News) - The owner of the New York Sun has emerged as the latest bidder aiming to take control of the Daily and Sunday Telegraph. British-born Dovid Efune, who took control of the assets of the former newspaper the New York Sun three years ago, is understood to be in the running to lodge an offer before the deadline set for second-round bidders on 27 September. - Guardian The owner of Canary Wharf has had its credit rating cut deeper into "junk" territory over concerns about its debts as it struggles to attract workers back to the east London office hub after the pandemic. The credit rating agency Fitch has further downgraded Canary Wharf Group, the landlord of the development, in a reflection of risks over an upcoming bond refinancing. - Guardian

Older workers risk losing out to younger colleagues in Angela Rayner's flexible working push, with younger staff dominating discussions with bosses over different patterns of work. Just 24pc of those aged over 55 have spoken to their managers about flexible working since the right to request different arrangements came into force in April, according to a survey from Phoenix Group. By contrast 54pc of those aged 18 to 34 have taken time with their bosses to discuss flexible working. - Telegraph

Ford has filed a patent for technology that can eavesdrop on drivers and passengers to serve them hyper-targeted advertising. The technology would allow the car's infotainment system to listen to "conversations between occupants of the vehicles", which its software could then filter for "keywords or phrases". The system would learn what adverts "annoy or irritate" based on remarks "spoken by the user when ads are presented to them", while it would be able to recognise the vehicle's occupants based on in-car cameras or microphones and tailor its adverts to each person. - Telegraph

Caroline Ellison has urged a federal judge not to send her to jail after the former cryptocurrency executive helped prosecutors to win a jail sentence for her former boyfriend Sam Bankman-Fried. Ellison, 29, has pleaded guilty over her role in the multibillion-dollar collapse of FTX, the cryptocurrency exchange. Customers of FTX and Alameda Research, its sister company where she was chief executive, were defrauded out of an estimated $8 billion. - 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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