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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: Energy bills, mortgage costs, WE Soda

(Sharecast News) - MPs have urged the government to set out its plans to protect households from high energy bills this winter as they said about 1.7 million people, including some of the most vulnerable groups, had been left waiting too long to receive previous support. The public accounts committee (PAC) said that although schemes were introduced quickly, the government "did not have the bandwidth" to make sure help reached all groups in a timely fashion. - Guardian The UK is in danger of being left behind in the global race to decarbonise the economy with potentially disastrous consequences for jobs and communities, according to the TUC's general secretary. In an interview, Paul Nowak said the UK was "limping towards a green future" and he called for a "national collective effort" involving employers, workers and the government to ensure a quick and fair transition to a net zero economy. - Guardian

Three million middle class homeowners are at risk of having their savings wiped out by the recent surge in mortgage costs, a leading think-tank has warned. Analysis from the Institute for Fiscal Studies (IFS) suggests 2.9m middle income mortgage holders would exhaust their savings and be forced to ask for help to meet an unexpected expense of around £2,000. - Telegraph

American regulators are investigating Goldman Sachs over its dealings with Silicon Valley Bank in the days before the regional US lender's collapse this spring. Both the US Federal Reserve and the Securities and Exchange Commission are looking at the investment banking group's role in the weeks before Silicon Valley Bank's failure, according to The Wall Street Journal, which reported that it had also been issued with a subpoena by the US Department of Justice. - The Times

The chief executive of the soda ash supplier WE Soda has suggested that the company might opt for New York instead of London if he resurrects the flotation plans that were abruptly shelved this week. In a double blow for London, WE Soda first dropped plans for a landmark £6 billion initial public offering on Wednesday. It then rubbed salt in the wound yesterday by saying that the US might be a better place to float next time. - 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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