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Wednesday newspaper round-up: Energy suppliers, Carl Icahn, Dyson

(Sharecast News) - Energy suppliers will be forced to offer vulnerable households dedicated phone lines in a drive by the regulator Ofgem to improve poor treatment of the most disadvantaged customers. The regulator is planning a crackdown on suppliers' conduct after a slump in customer service during the energy crisis with long call waiting times and difficulty contacting companies. - Guardian Ministers have announced a clampdown on the use of cold calls to sell financial products and on technology which allows mass texting of numerous phones as part of a strategy to combat fraud, now the UK's most common crime. The new fraud strategy, a response to the massive growth of web- and phone-based scams, will alsoresult in what was billed as 400 new specialist investigators across police and the National Crime Agency recruited as part of a revamp for how the the crime is investigated. - Guardian

Carl Icahn, one of Wall Street's best-known activist investors, has become the target of a short-seller which has accused the billionaire of inflating the value of his empire. Hindenburg Research accused the hedge fund manager of operating a "ponzi-like economic structure" through his $15bn fund, Icahn Enterprises, and claimed its value had been inflated by at least 75pc. - Telegraph

Dyson is to spend £100 million on a new technology centre in Bristol as part of a five-year programme of investments totalling £2.75 billion. Sir James Dyson's vacuum cleaner and home appliances business said it would employ hundreds of software and artificial intelligence engineers at the centre to develop new products and apps. Dyson's UK operations are already staffed with more than 3,500 engineers working in research and development across sites in London and Malmesbury in Wiltshire. - The Times

Sir Martin Sorrell pocketed less than half of the bonus he could have earned last year for running S4 Capital, the digital advertising business he founded. Sorrell, 78, was paid a basic salary of £250,000 in 2022 and could have received the same amount again in bonuses. However, S4's annual report shows that he only received £100,000. - 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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