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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: National Express, Southend airport, pensions

(Sharecast News) - More than 3,000 National Express bus drivers in the West Midlands have voted to strike over pay, starting on 16 March, the same day as the next RMT train strike. The Unite union said members voted 96% in favour of industrial action, on a turnout of 72%. The workers will begin "all-out continuous" strike action on Thursday 16 March, the union said, with industrial action to carry on until the dispute is resolved. - Guardian Nobel Prize-winning economist Joseph Stiglitz declared almost a decade ago that 2014 "was the last year in which the United States could claim to be the world's largest economic power." It was, he claimed, the start of the "Chinese century". He was wrong: the US remains the world's largest economy. Yet experts keep predicting that China will soon become the preeminent global superpower, now believing that China's GDP will overtake America in the late 2030s. - Telegraph

Hooking up millions of electric vehicles, heat pumps and other devices to the UK's electricity grid could save up to £4.7bn a year by the end of this decade, the energy watchdog has predicted. Ofgem on Thursday set out proposals for how the electricity grid of the future could work, using technology to ensure infrastructure is used as efficiently as possible. - Telegraph

Esken, the listed company spun out of the old Eddie Stobart trucking business that plans to create a sixth London airport at Southend, has announced that it is to sell the empty site as well as other assets. The former Stobart Group changed its name to Esken, which means "arise" in old English, in an attempt to get away from a controversial past punctuated by High Court litigation. - The Times

An ambitious state-backed project intended to enable everyone in Britain to see all their pension arrangements on one screen has been delayed because of the complexity of connecting the first pension schemes. The government said yesterday that "additional time" was needed for pensions providers to meet the deadline of August 31 to connect to the central computer system of the "pensions dashboard programme". - The Times

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Thursday newspaper round-up: Boeing, property landlords, HSBC
(Sharecast News) - Boeing workers have rejected the latest offer to end the more than a month-long strike that has crippled the already struggling manufacturing giant. In a blow to Boeing and the Biden administration, which has fought for a resolution to the dispute, 64% of the 33,000 members of the International Association of Machinists and Aerospace Workers union voted to reject the contract, the union said late on Wednesday. - Guardian
Wednesday newspaper round-up: Water companies, Sellafield, EY
(Sharecast News) - Hundreds of millions of pounds of local transport funding in England could be cut in next week's spending review despite having been agreed with regional mayors, putting bus, tube and tram improvements at risk. The mayors, most of whom are Labour, are engaged in a last-minute lobbying campaign to stop the Treasury raiding their transport budgets as Rachel Reeves looks for immediate savings. - Guardian
Tuesday newspaper round-up: Influencers, Microsoft, Canal+
(Sharecast News) - Britain's financial watchdog has interviewed 20 social media influencers under caution, as it clamps down on "finfluencers" who may be touting financial services products illegally. The 20 were interviewed voluntarily using the Financial Conduct Authority's criminal powers. Potential penalties include fines and imprisonment of up to two years. - Guardian
Monday newspaper round-up: Water companies, Sky, Microsoft
(Sharecast News) - Almost half of the UK workforce lack access to workplace health support including winter flu vaccinations and checks for cardiovascular diseases, a report has found. The analysis, by the Royal Society for Public Health (RSPH), looked at data from the Department for Work and Pensions and the Department for Business, Energy and Industrial Strategy (DBEIS) and found that more than 10 million UK workers lack access to services including basic health checks, vaccinations, and smoking or weight loss support, provided by their employer. - 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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