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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: Zero Covid, British Airways, Rolls Royce

(Sharecast News) - Protests against the government's zero-Covid strategy are spreading from Shanghai to other Chinese cities such as Guangzhou, Wuhan and Xi'an. Videos of the protests on social media, including some showing clashes with police and people chanting anti-government slogans, were taken down. In Urumqi, most of the city had been under lockdown for over three months, although lockdowns were lifted in some neighbourhoods on Saturday. China reported 39,506 cases of Covid-9 on Sunday, a record level, but small when compared to the levels recorded at the height of the pandemic in the West. - The Sunday Times British Airways will nearly double its operations out of Gatwick as a result of the ongoing dispute with Heathrow. The carrier was understood to be planning to increase the number of jets based at Gatwick from 14 to between 24-28 over the next few years. Heathrow was forced to limit the number of passengers flying out of the airport to avoid a repeat of the chaos seen at many airports since Easter. It was also pressing the aviation regulator to boost landing charges, the cost of which are then passed on to passengers. - The Sunday Telegraph

Chemicals outfit Ineos has held talks with Rolls Royce regarding use of the engineer's nuclear power technology to supply the Grangemouth refinery in Scotland with zero-carbon energy. More specifically, Rolls Royce's small modular reactors would provide the electricity needed to generate green hydrogen fuel for the refinery. The talks nevertheless were said to be at an early stage and no commercials had yet been discussed. - Guardian

Domino's Pizza Group's boss Elias Diaz said sales during the World Cup are running far ahead of expectations, vindicating the pizza chain's decision to hire an extra 10,000 staff over the preceding two months. Nonetheless, Diaz conceded that the cost of living crisis was "obviously a real concern", but added that the company's value credentials would help it overcome the economic slump. He also pointed out how Domino's long-term relationships with suppliers had allowed it to limit price rises. - Financial Mail on Sunday

Industry experts and store executives say that retail chains have been caught between fast rising costs and softer than expected demand which may lead to a string of casualties over Christmas as shoppers face increases in their food and energy bills. Fashion retailers had been especially hard hit as they had also had to cope with warmer than normal temperatures. On the flip side, shoppers had flocked to town centres and retail parks after the pandemic eased. According to one retail director, the outfits that would do well were Primark, Aldi, Lidl and probably Next. - Financial Mail on Sunday

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Thursday newspaper round-up: JCB, M&S, smart meters
(Sharecast News) - The British digger maker JCB, owned by the billionaire Bamford family, continued to build and supply equipment for the Russian market months after saying it had stopped exports because of Vladimir Putin's invasion of Ukraine, the Guardian can reveal. Russian customs records show that JCB, whose owners are major donors to the Conservative party, continued to make new products available for Russian dealers well after 2 March 2022, when the company publicly stated that it had "voluntarily paused exports" to Russia. - Guardian
Wednesday newspaper round-up: Brexit border outages, Boeing, Stellantis
(Sharecast News) - Lorries carrying perishable food and plants from the EU are being held for up to 20 hours at the UK's busiest Brexit border post as failures with the government's IT systems delay imports entering Britain. Businesses have described the government's new border control checks as a "disaster" after IT outages led to lorries carrying meat, cheese and cut flowers being held for long periods, reducing the shelf life of their goods and prompting retailers to reject some orders. - Guardian
Tuesday newspaper round-up: Tesco, OpenAI, housebuilding
(Sharecast News) - Tesco is facing criticism from "shocked" charities who say they are struggling to distribute unwanted food to homeless and hungry people after they claim the retailer brought in rules that mean unwanted food can only be collected in the evening. The supermarket group has switched to a new system which asks charities to pick up unwanted food, such as items reaching their best before date, only in the evening when a store is closing rather than the following morning, the charities have claimed. - Guardian
Monday newspaper round-up: BT, ultra-long mortgages, Fever-Tree
(Sharecast News) - BT has said it is increasingly using artificial intelligence to help it detect and neutralise threats from hackers targeting business customers amid repeated attacks on companies. The £10.5bn group is aiming to build up its business protecting customers from online criminals and has patented technology that uses AI to analyse attack data to allow companies to protect their tech infrastructure. British businesses are routinely facing hacking attempts, and some recent high-profile victims have included including the outsourcer Capita, Royal Mail and British Airways. - 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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