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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: Amazon, Shell,

(Sharecast News) - A Norway-style windfall tax on energy companies could raise £33.3bn extra by 2027, plugging a hole in government finances and helping keep energy bills low, analysis has found. The new chancellor, Jeremy Hunt, is looking at extending the "sunset clause" in the energy profits levy by two years beyond 2025 as a result of the booming profits fossil fuel companies have been recording owing to the war in Ukraine. - Guardian Sales of air fryers, slow cookers, microwaves and electric blankets are soaring as households faced with unaffordable energy bills look for ways to reduce their power use. Air fryers - a small countertop convection oven that uses less electricity than a conventional cooker - are in huge demand, with the number sold in September four times higher than in the same month last year, according to the market research firm GfK. So are electric cooking pots such as pressure cookers, rice cookers, slow cookers or multifunctional pots that can do all three things, with sales up 80%. - Guardian

Amazon shares collapsed by 18pc on Thursday night, wiping $202bn (£175bn) off its valuation in one of the biggest one-day sell-offs of all time. The tech giant warned of weaker consumer spending in the run up to Christmas. The plunge in its valuation left Amazon valued at around $930bn, the lowest level since the onset of the Covid crisis in March 2020. - Telegraph

Shell is in talks with the Government as ministers consider a fresh windfall tax on oil and gas companies to help fill a £35bn black hole in the public finances. Ben van Buerden, chief executive of the oil and gas giant, said he accepted the case for higher taxes after the industry was boosted by surging fossil fuel prices following Vladimir Putin's invasion of Ukraine. - Telegraph's auditor generated nearly £1 million in non-audit fees from the retailer's ill-fated float, raising "major concerns" over the accountant's independence. EY netted the substantial fees advising on the listing as well as from giving the online retailer a clean bill of health in the run-up to the market debut. This is contrary to the best practice set down by shareholder advisory groups and the industry's regulator. - The Times

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Sunday newspaper round-up: Middle East, Aston Martin, Defence
(Sharecast News) - Britons must accept that their country was now involved in the Middle East conflict, Tobias Ellwood said. The former defence minister warned that "nobody was in full control" of the growing conflict as more and more countries were sucked in. Ellwood also said that Tehran's strike had taken the conflict into a "new dangerous territory". - Sunday Telegraph
Friday newspaper round-up: Everton, AstraZeneca, Amazon
(Sharecast News) - Everton has paid about £30m in interest charges to an opaque lender associated with a tax exile, corporate records suggest. The charges appear to have reached about £438,000 a week, according to the troubled Premier League club's most recent set of accounts, a figure more than three times the reported wages of the Everton and England goalkeeper Jordan Pickford. - Guardian
Thursday newspaper round-up: Border controls, McKinsey, KPMG
(Sharecast News) - New post-Brexit UK border controls coming into force later this month will cost British businesses £2bn and fuel higher inflation, according to a report warning that UK-EU trade will be damaged as a result. With less than a month before the introduction of new checks on animal and plant products from 30 April, the insurer Allianz Trade said the controls agreed under Boris Johnson's Brexit deal could add 10% to import costs over the first year. - Guardian
Wednesday newspaper round-up: Shoplifting, EnQuest, Klarna
(Sharecast News) - The government is investing more than £55m in expanding facial recognition systems - including vans that will scan crowded high streets - as part of a renewed crackdown on shoplifting. The scheme was announced alongside plans for tougher punishments for serial or abusive shoplifters in England and Wales, including being forced to wear a tag to ensure they do not revisit the scene of their crime, under a new standalone criminal offence of assaulting a retail worker. - 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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