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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: Gatwick, Twitter, housebuilders

(Sharecast News) - Gatwick airport will reduce its summer capacity to ward off potential chaos, after dozens of last-minute cancellations wrecked the travel plans of holidaymakers over the platinum jubilee and half-term holiday. London's second busiest airport will limit the number of daily take-offs and landings to 850 in August - about 50 more than the average in early June, but more than 10% below its pre-pandemic maximum. - Guardian Elon Musk met directly with employees at Twitter on Thursday for the first time since he reached a deal to acquire the company in April, focusing on "freedom of speech" in an online address. The billionaire had moved to purchase Twitter for $44bn in April but has since been critical of the company, threatening to put the deal on hold over concerns about bots, or fake accounts, that exist on the app. - Guardian

Housebuilders will need more than bullish rhetoric to budge investors - the sector is priced for catastrophe. A rise in interest rates yesterday to a 13-year high and warnings that inflation could reach an eye-watering 11 per cent this year has caused the market to dig in its heels. For Bellway, the prospect of home ownership being pushed further out of reach by a lack of affordability caused a sell-off that has left the shares trading at their lowest since September 2020. In fact, at just over five times forward earnings, the FTSE 250 constituent is priced almost as feebly as the day of the first lockdown and close to its cheapest in a decade. - The Times

Businesses should give greater opportunities to those "at the edges" of the labour market to help tackle inequality, a senior minister told leaders at The Times CEO Summit. Michael Gove, the secretary of state for levelling up, housing and communities, called on chief executives to "open up opportunities to those people who have been overlooked and undervalued in the past". - The Times

Drivers should be spared road charges during rail strikes to prevent cities turning into "ghost towns", the chairman of the AA has said. The UK's biggest strikes in 30 years are expected to cut off entire towns and cities as they shut down 80 per cent of Britain's rail services next week. Parking charges, congestion and clean air zones, as well as unnecessary road works, should be halted to ease the burden of thousands who will be forced to drive into work, Edmund King told The Telegraph. - Telegraph

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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
Tuesday newspaper round-up: Pharma companies, Puig, Thames Water
(Sharecast News) - Rachel Reeves has said an incoming Labour government would launch a £5bn crackdown on tax avoiders to close a gap in its spending plans exposed by Jeremy Hunt scrapping the non-dom regime to finance tax cuts. Warning households and businesses that Labour was prepared to adopt tough measures to tackle tax fraud and non-compliance, Reeves said the funding would be used to pay for free school breakfast clubs and additional NHS appointments. - Guardian
Monday newspaper round-up: Boeing, rent rises, e-scooters, Santander UK
(Sharecast News) - US airline regulators have launched an investigation after an engine cowling on a Boeing plane fell off during takeoff and struck the wing flap. The Southwest Airlines flight 3695 rose to about 10,300ft (3,140 metres) before returning safely 25 minutes after takeoff to Denver international airport at about 8.15am local time on Sunday. It was towed to the gate after landing. The Boeing aircraft with 135 passengers and six crew members aboard had been headed to Houston. No one was injured. - 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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