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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.

Tuesday newspaper round-up: Apple, CBI, PwC

(Sharecast News) - Apple has lifted the lid on the worst kept secret in Silicon Valley and revealed the Vision Pro, a $3,499 VR headset. "With Vision Pro, you're no longer limited by a display. Your surroundings become an infinite canvas," the Apple chief executive, Tim Cook, said. "Vision Pro blends digital content into the space around us. It will introduce us to Spatial Computing." - Guardian The future of Britain's most prominent business lobby group, the Confederation of British Industry, is on a knife-edge as it relies on the backing of trade bodies in a crunch vote. The CBI has been canvassing support from its members ahead of an extraordinary general meeting on Tuesday that will decide on its fate after sexual misconduct allegations revealed by the Guardian. - Guardian

Houses are taking twice as long to sell today as they did a year ago, as rising mortgage rates make it harder for buyers to afford homes. On average, it took home sellers 49 days to find a buyer in May, up from 26 days in the same month in 2022, according to analysis of Connells Group data by Hamptons. - Telegraph

The former owner of In The Style, a fast-fashion retailer once worth £100 million, plans to bypass shareholders and enter compulsory liquidation. Adam Frisby founded the online retailer in his bedroom ten years ago. It built a following thanks to collaborations with Charlotte Crosby, a star of the television show Geordie Shore, and Stacey Solomon, a panellist on ITV's Loose Women. - The Times

PwC has given the names of at least 67 of its consultants, including some based in the UK, to Australian politicians investigating a tax leak scandal that threatens the firm's global reputation. In response to questions, PwC has written to the Australian Senate giving the names of current and former staff potentially connected to the leaking of confidential government tax plans. - The Times

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Wednesday newspaper round-up: Post Office, Spirit AeroSystems, Flutter
(Sharecast News) - The Post Office is expected to announce the closure of dozens of branches and cut up to 1,000 head office jobs as it seeks to reduce costs to secure its financial future. There are about 11,500 Post Office branches across the UK, of which 115 are wholly centrally owned. The rest are operated by independent post office operators under contract and partners such as WH Smith and Tesco. - Guardian
Tuesday newspaper round-up: Bluesky, British Steel, FRC
(Sharecast News) - Social media platform Bluesky has picked up more than 700,000 new users in the week since the US election, as users seek to escape misinformation and offensive posts on X. The influx, largely from North America and the UK, has helped Bluesky reach 14.5 million users worldwide, up from 9 million in September, the company said. - Guardian
Monday newspaper round-up: Hospitality, wind generation, Vertical Aerospace
(Sharecast News) - Great Britain "lags behind" Europe on measures to restrict betting adverts, according to a report released days after official data showed a sharp increase in the number of children with a gambling problem. Restrictions on ads by bookmakers and casinos are increasingly becoming "the norm" across Europe in response to public health concerns, according to a report commissioned by GambleAware, the UK's leading gambling charity. - Guardian
Friday newspaper round-up: AI, Bentley, News Corp
(Sharecast News) - Dozens of health and children's groups have urged ministers to tackle obesity by imposing taxes on foods containing too much salt or sugar. New levies based on the sugar tax on soft drinks would make it easier for consumers to eat more healthily by forcing food manufacturers to reformulate their products, they claim. - 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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