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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: Driver shortage, unemployment, commercial rents

(Sharecast News) - Gaps on supermarket shelves are likely to continue for several months unless the government does more to tackle the labour crisis hitting haulage firms, suppliers have warned. Logistics and hauliers' organisations said August would be a pinch point in the shortage as workers take summer breaks, while firms offering bonuses and sign-on fees to recruit drivers were not helping matters. - Guardian The ending of the government's furlough scheme will lengthen dole queues by 150,000 despite a boost to activity from the ending of lockdown that will make the UK the fastest-growing G7 nation this year, a leading thinktank has said. In its quarterly update on the UK, the National Institute of Economic and Social Research (Niesr) said it had revised up its 2021 growth forecast from 5.7% to 6.8%. - Guardian

Reese Witherspoon has sold a majority stake in her female-focused production company in a deal that values the venture at about $900m (£650m). Hello Sunshine, which produced the HBO drama Big Little Lies and The Morning Show for Apple TV+, was founded by the actress in 2016 to produce television series centred on female leads. - Telegraph

The communities secretary is facing renewed calls from commercial tenants to force landlords to waive at least 50 per cent of rent debts built up during the pandemic. The Commercial Tenants Association, which represents 500 businesses ranging from insurers to retailers, has written to Robert Jenrick proposing that the government adopt an Australia-style model to address the billions of pounds in rent debts. - The Times

The economy will grow faster than initially expected this year and policymakers should make it clear that they are ready to curb rising inflation, a leading think tank has said. In its latest forecasts, the National Institute of Economic and Social Research said that the economy would expand by 6.8 per cent this year, up 1.1 percentage points from its May report, even though the spread of the Delta variant of coronavirus has created new uncertainty. - The Times

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Sunday newspaper round-up: Hargreaves Lansdown, Crest Nicholson, Michael Kors
(Sharecast News) - Hargreaves Lansdown's three private equity suitors have until Wednesday to either table a formal bid for the investment platform or walk away. A £4.7bn offer presented in April was rejected. In particular, the bidders have been attracted by the firm's ability to deposit client cash at the Bank of England for a rate of 5.25%, whilst paying just 3% on a cash Isa of up to £10,000. That netted its £269m last year at no risk. - The Financial Mail on Sunday
Sunday share tips: Oxford Instruments
(Sharecast News) - The Financial Mail on Sunday's Midas column labelled shares of Oxford Instruments a "long-term buy".
Friday newspaper round-up: Insecure work, Stellantis, Nationwide
(Sharecast News) - The UK has seen an "explosion" in insecure, low-paid work in the past 14 years, according to a new report. The TUC said its study had found that the number of people in insecure work had reached a record high of 4.1 million. The analysis of official statistics shows the number of people in "precarious" employment - such as zero-hours contracts, low-paid self-employment and casual or seasonal work - increased by nearly 1 million between 2011 and 2023. - Guardian
Thursday newspaper round-up: Revolut, BT Group, housing market
(Sharecast News) - Pensioners and people on disability benefits are the winners from radical changes to the welfare system made by the Tories over the last decade, while working-age families are losing out by thousands of pounds every year, according to a report by the Resolution Foundation. The Conservatives' 14-year overhaul of social security has shifted spending away from children and housing to supporting elderly people, and broken the link between entitlement and need for some of the poorest households in the country, the report says. - 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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