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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: Sainsbury's, British Steel, DeSantis

(Sharecast News) - Sainsbury's chief Simon Roberts gave his support to the Financial Mail on Sunday's campaign for police to crack down on shoplifters as an epidemic of retail crime sweeps across the country. Roberts also said he backed making abuse or violence against retail staff a specific offence. He also noted that the grocer had been the first to offer all of its 150,00 staff body-worn cameras that can aid support teams at its stores. - The Financial Mail on Sunday British Steel's new auditor has unexpectedly resigned, further putting at risk £600m of state aid needed to stave off collapse at the Chinese-owned manufacturer.The decision by Moore Kingston Smith follows its inability to verify tens of millions of pounds' worth of inventories. The auditor had taken over just over a year ago from Mazars which had resigned after a row over fees. Moore Kingston Smith said it could not account for £45.8m worth of stock during the year ending in December 2021, the accounts for which had been severely delayed. - The Sunday Times

US state of Florida hard-right governor Ron DeSantis has bowed out of the running for the Republican party's presidential nomination. Instead, he has thrown his support behind Donald Trump. "It's clear to me that a majority of Republican primary voters want to give Donald Trump another chance," DeSantis said on X. "He has my endorsement because we can't go back to the old Republican guard of yesteryear, a repackaged form of warmed over corporatism that Nikki Haley represents." - Guardian

Enquest chief executive officer Amjad Bseisu criticised Labour's plan to ban new oil and gas drilling, calling it "economically senseless". Bseisu believed that it would lead to rigs being shut down a decade ahead of plan. Indeed, the driller's two large Magnus and Kraken platforms would be rendered less economical and put at risk of being closed early. Early closures would also have an impact on the Treasury as oil companies get big tax breaks for decommissioning. - The Sunday Telegraph

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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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