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Thursday newspaper round-up: Capita, Airbnb, Unilever

(Sharecast News) - The chief executive of the London Stock Exchange has called for the bosses of UK companies to be paid more in order to match their counterparts in the US. Julia Hoggett argued that British companies were finding it difficult to attract and retain executives because they offered smaller pay packages than rivals in the US. - Guardian The City regulator has contacted Capita's corporate clients urging them to ascertain whether their customers' data has been compromised after a cyber-attack on the outsourcer in March. The Financial Conduct Authority said it had written to firms it regulates and which outsource work to Capita to ensure they are "fully engaged" in assessing the fallout from the data breach. - Guardian

Airbnb will encourage people to stay in strangers' spare rooms in a return to its "couch-surfing" origins, amid rising concerns about the cost of holiday accommodation. The company said its 1m single-room listings would now be shown in a dedicated section on its app. Privacy information, such as whether the door locks and if it has its own bathroom, will also be added to listings. - Telegraph

Shareholders have staged a revolt against Unilever's pay for bosses over concerns about potentially excessive rewards. The remuneration deal handed Alan Jope, 59, the chief executive, €5.4 million, including a €3.7 million bonus. Graeme Pitkethly, 56, the finance chief, received €3.8 million, including a €2.58 million bonus. - The Times

The Financial Conduct Authority has said it will change its approach to whistleblowers after a survey revealed widespread dissatisfaction among those who alert the regulator to wrongdoing. The organisation acknowledged problems including whistleblowers not "feeling heard"; a lack of dialogue with them, which prompts doubts about the chances of a proper investigation; and frustration over a shortage of updates, sometimes interpreted as delay and inaction. - The Times

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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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