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Friday newspaper round-up: Pint prices, Nissan, SpaceX

(Sharecast News) - Rachel Reeves's tax raid on employers will push up the price of a pint, the boss of pub chain Young's has warned. Simon Dodd, the chief executive, said Young's plans to increase prices between 3pc and 3.5pc because of the increased cost of National Insurance (NI) contributions paid by employers, which comes into effect from April. - Telegraph Nissan is to open a £50m factory making transmissions for its electric cars at a site previously used as a Nightingale hospital during Covid. A 140,000sq ft facility next to the carmaker's sprawling Sunderland plant will produce transmissions for three models as Nissan seeks to boost electric vehicle (EV) production and fend off competition from Chinese rivals. - Telegraph

Millions of consumers will be protected from "nasty surprises" from Friday as new rules take effect that mean telecoms firms must tell people upfront - in "pounds and pence" - about any future price rises. It means mobile phone, broadband and pay-TV companies are now banned from imposing mid-contract price increases linked to unknown future rates of inflation. - Guardian

SpaceX launched its Starship rocket on its latest test flight Thursday, but the spacecraft was destroyed following a thrilling booster catch back at the pad. Elon Musk's company said the spacecraft's six engines appeared to shut down one by one, with contact lost just 8min 30sec into the flight. - Guardian

Trade conflicts threaten to strengthen inflation and keep interest rates high this year while stalling growth among the world's poorest nations will hamper efforts to reduce poverty, World Bank researchers have said. Global economic growth has slowed to such an extent that it "will be insufficient to foster sustained economic development" in the coming decades, the World Bank warned in its latest forecasts. - The Times

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Sunday newspaper round-up: Etihad float, Shein, Thames Water
(Sharecast News) - Abu Dhabi based carrier Etihad is planning to float a stake of up to 20% on the Abu Dhabi Stock Exchange. Sources indicate that it could command a valuation of $5bn (£4bn). It would be the second such transaction for its boss, Antonoaldo Neves. In 2017, the former McKinsey partner floated Azul, Brazil's third-largest airline, on the New York Stock Exchange. For Neves, any airline that aspires to be "relevant" needs to tap into different sources of capital. Its goal is to fly 170 jets by 2030, up from 93 at present. - The Sunday Times
Friday newspaper round-up: Gambling sector, FOS, Amazon
(Sharecast News) - The gambling regulator has accidentally handed over more than 4,000 sensitive documents to lawyers acting for the media tycoon Richard Desmond, in an "unprecedented" blunder during its legal battle over the £6.4bn national lottery contract, the Guardian understands. Northern & Shell (N&S), the investment group owned by Desmond, is suing the Gambling Commission for £200m in damages over its handling of the lottery licence award process. - Guardian
Thursday newspaper round-up: CMA, Riverford, Lloyds, Arm Holdings
(Sharecast News) - The appointment of the former boss of Amazon UK to lead the competition watchdog poses a threat to its independence and pledge to hold big tech to account, according to a group including tech companies and the former business secretary Vince Cable. The group - which includes the News Media Association, the Firefox developer Mozilla, the consumer group Which? and the Future of Technology Institute - has written to the chancellor, Rachel Reeves, to raise concerns about the appointment of Doug Gurr as the interim chair of the Competition and Markets Authority (CMA). - Guardian
Wednesday newspaper round-up: Thames Water, Johnson & Johnson, BoE
(Sharecast News) - Thames Water may need as much as £10bn in debt and equity investment to repair its finances, according to a representative of creditors hoping to lend the struggling utility another £3bn. London's high court heard evidence on Tuesday that suggested the UK's largest water company may need significantly more resources than the roughly £6.3bn it has previously indicated. - 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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