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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.

Sunday newspaper round-up: Cobham, Recession, Raspberry Pi

(Sharecast News) - Advent International's Shonnel Malani, who has overseen the dismemberment of Cobham since its purchase in 2019 for £4bn, is preparing the sale of the last bits of the company over the next year or two. Any sale would come amid heightened geopolitical tensions, resulting in a premium for defence assets. Malani also told the Mail on Sunday that Advent may soon have more targets in the UK. - Financial Mail on Sunday

Data due out this week are expected to show that the UK's gross domestic product shrank by 0.1% over the three months to December. That would mean that the country entered a recession at the end of 2023, as the economy had fallen by that same amount during the preceding quarter. It would also constitute an embarrassment for the government and a disaster for the Prime Minister. The latter had pledged that the economy would be growing by the end of last year. - Guardian

Raspberry Pi is studying a possible retail offer as part of its plans to float in London. The hobbyist computer company's chief executive officer said there was a number of ways by which it could be done. The company's international base of fans made a retail offer more difficult but an offer in the UK and EU might be achievable. He also indicated that he now saw little downside to a UK listing as opposed to one in the U.S..- Sunday Telegraph

Games Workshop, the owner of Warhammer, has come under criticism for licensing its intellectual property to Owlcat Games, which is backed by Russian investors. The latter used the Warhammer logo prominently in its branding and just last December released a game for use on platforms that included the PlayStation and Xbox. Games Workshop stopped selling its fantasy figurines in Russia shortly after the country invaded Ukraine, while Owlcat's development teams left Russia in 2022. - The Financial Mail on Sunday

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Sunday newspaper round-up: Panama Canal, Warhammer, Thames Water
(Sharecast News) - Donald Trump is asking that the Panama Canal be returned to the US unless Panama addresses his criticism of how the waterway is managed. In a post on social media platform Truth Social, Trump described the current arrangement as a complete 'rip-off' which will "immediately stop". He also warned against that the key interoceanic route would not be allowed to fall into the "wrong hands". He also appeared to caution against possible Chinese influence in the canal. - Guardian
Friday newspaper round-up: Aldi, Richard Desmond, Collateral
(Sharecast News) - The grocery industry watchdog is to make a rare intervention in a Yorkshire sprout grower's £3.7m legal case against Aldi over the discount chain's decision to terminate a long-term supply deal. In papers filed at the high court, W Clappison Ltd, which produced sprouts for Aldi's UK arm for 13 years, said its supply agreement was ended in February last year at planting time without reasonable notice so it was unable to find new clients immediately. It said it was forced to cease sprout production and sell off its machinery. - Guardian
Friday newspaper round-up: Aldi, Richard Desmond, Collateral
(Sharecast News) - The grocery industry watchdog is to make a rare intervention in a Yorkshire sprout grower's £3.7m legal case against Aldi over the discount chain's decision to terminate a long-term supply deal. In papers filed at the high court, W Clappison Ltd, which produced sprouts for Aldi's UK arm for 13 years, said its supply agreement was ended in February last year at planting time without reasonable notice so it was unable to find new clients immediately. It said it was forced to cease sprout production and sell off its machinery. - Guardian
Thursday newspaper round-up: Water bills, Brexit, Imperial Brands
(Sharecast News) - Households in England and Wales will see their water bills rise by an average of £31 a year, as suppliers pay to fix leaky pipes and cut pollution. The industry regulator Ofwat said on Thursday it would allow companies to raise average bills will rise by £157 over five years to an average of £597 by 2030 to help pay for investment. - 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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