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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.

Friday newspaper round-up: Fujitsu, Telegram, Grenson

(Sharecast News) - The Japanese tech company at the centre of the Post Office IT scandal is facing calls from a parliamentary committee to make an "immediate" payment towards the compensation bill for victims. Fujitsu supplied the faulty Horizon software to the UK Post Office, which led to branch operators being wrongly prosecuted over discrepancies in their business accounts. - Guardian Telegram is facing questions from Ofcom over how it detects and prevents illegal incitement after a Ukrainian man was found guilty of carrying out arson attacks on a car and property associated with Keir Starmer. A spokesperson for the regulator said it had contacted the messaging app "to seek further clarification" because the arsonist had been directed on Telegram by a handler linked to Russia. - Guardian

Historic Northamptonshire shoemaker Grenson is to be taken over by sportswear brand Castore. Corporate filings show Castore has taken a controlling interest in the company, which has handmade its leather shoes in England for 160 years. The deal will hand control of one of Britain's oldest shoemaking brands to an upstart company founded roughly a decade ago. - Telegraph

Labour has opened the way for Surinder Arora, the hotel magnate, to build Heathrow's third runway after suggesting that it could be constructed in phases to minimise risk and spread the cost. In a key document aimed at accelerating planning approval for the scheme, the Government said it still favoured the runway proposed by airport bosses. However, it said the £49bn plan - which would require the runway to span the M25 motorway - was so challenging that a staged approach may be the best way to proceed. - Telegraph

Millions of British consumers have been left empty handed after a £480 million legal action over smartphones was dropped - although the lawyers involved have earned £18 million in fees. A "drop hands" settlement in a claim brought by the Consumers' Association, the publishers of Which? magazine, has been signed off by the Competition Appeal Tribunal. No damages will be paid and the claimants' legal team will not be able to recover some of its costs. - The Times

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Thursday newspaper round-up: Brexit, HMRC, new homes
(Sharecast News) - Brexit has depressed UK exports to the EU by 12%, and rejoining the customs union would undo only a fraction of the damage, research shared with the Guardian shows. With the UK's future relationship with the bloc likely to feature prominently in a potential Labour leadership contest, the economists John Springford and Anton Spisak, of the Centre for European Reform, provide fresh evidence of the damage caused by exiting. - Guardian
Wednesday newspaper round-up: John Lewis, British American Tobacco, Shein/Temu
(Sharecast News) - John Lewis is to spend £20m on a revamp of its Glasgow store in the city centre's Buchanan Galleries in a vote of confidence in the shopping mall not long ago scheduled for demolition. It is the largest cash injection within a wider plan to spend £50m this financial year on refreshing its shops, with department stores in Reading, Cambridge, Leicester and Liverpool all earmarked for an upgrade. - Guardian
Tuesday newspaper round-up: EVs, Aviva, Doncasters Group
(Sharecast News) - Motorists in the UK and EU should not expect a sharp drop in the cost of electric vehicles despite increased competition among Chinese manufacturers, one of the country's biggest electric carmakers has said. Brian Gu, the vice-chair of the manufacturer Xpeng, said that Chinese carmakers could compete on quality to win customers in the EU and UK, rather than unleashing a brutal price war as they have in China. - Guardian

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