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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: Google, M&S, Tesco

(Sharecast News) - Google's new quantum computer is capable of instantly making calculations that would take current supercomputers 47 years to complete. Such compouters, proponents argue, will be capable of battling climate change and creating breakthrough drugs. Their ability to break encryption systems now utilised on the other hand makes them a threat to national security. - The Sunday Telegraph Marks & Spencer has gotten itself into hot water after telling shareholders at the weekend that they ought not to attend its annual meeting as it has now gone digital. What's more, the retailer has said that any shareholders who do choose to attend will not be allowed to talk to members of the company's board face-to-face. Nor will they be offered refreshments. In fact, they will be asked to join in via their phones or computers, despite being in attendance. - The Financial Mail on Sunday

Gerry Murphy has been chosen as Tesco's new chairman. Murphy, who is also chairman of Burberry and Tate&Lyle, will step down from his post at the latter on 1 September, when he is due to join the grocer. The appointment was first reported by Sky News. In previous roles, Murphy ran Carlton Communications, Kingfisher, logistics outfit Exel and Greencore. Murphy expressed his excitement about the strategic opportunities for Tesco to grow. - The Sunday Times

Tesla achieved record car deliveries over the three months to June amid the ongoing price war with rivals. The firm run by Elon Musk delivered 466,140 cars, mostly of its less expensive models. That compared to forecasts for 445,000 and 422,875 in the first quarter of 2023. The manufacturer's output ramped up alongside, from 440,808 to 479,700 cars. Analysts however had warned that the company's aggressive price-cutting might hit its profit margins. Yet others had argued that deals to allow rivals to use its charging stations might erode its market share. - 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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