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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: Twitter, Bulb Energy, Frasers

(Sharecast News) - Elon Musk has indicated that a verified account on Twitter in the future could cost $8 a month, despite facing a user backlash over proposals to charge for the feature. The new owner of Twitter described the current system for allocating blue check marks - which verify a user as a trustworthy source - as "bullshit" in a Twitter post to his more than 110 million followers on Tuesday. - Guardian The founder of Octopus Energy has said taxpayers need to benefit from the "upside" of emergency government bailout deals, after snapping up stricken former rival Bulb. Greg Jackson's Octopus bought Bulb out of government-handled special administration last weekend and is set to take control of the company later this month, a year after it collapsed. - Guardian

Britain's work from home boom has passed its peak, according to new data that reveals bosses are ditching remote job adverts and hauling employees back into the office. The jobs site LinkedIn said that remote adverts declined for a fifth straight month in September as power shifts back to employers, mirroring trends in Europe and the US. - Telegraph

Frasers is at the heart of a scrum for ownership of the Wasps rugby stadium in Coventry, as part of Mike Ashley's plan to make the city his new stronghold. Insiders said last night that Frasers is intensifying efforts to acquire the 32,609-seater Coventry Building Society Arena (CBS), which filed notice of its intention to appoint administrators two weeks ago. - Telegraph

A quarter of over-50s who suffered from ill health were forced to leave their jobs as a result, research shows. Twenty-four per cent of people whose work had been affected by a health condition went into early retirement and a further 19 per cent reduced their working hours, according to a nationally representative poll of 2,035 over-50s by YouGov. - 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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