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Friday newspaper round-up: Rental demand, Gieves & Hawkes, Atom Bank

(Sharecast News) - Demand for rental homes across the UK has jumped by nearly a quarter in a year, research has found, piling more pressure on an oversubscribed market and pushing record private rents even higher. The number of people enquiring about homes to rent is up 23% on this time last year, according to the property website Rightmove, driven in part by some would-be buyers putting their plans on hold in the hope that mortgage rates will drop in the new year. - Guardian Mike Ashley's Frasers Group has bought Gieves & Hawkes, one of London's oldest bespoke tailors. Frasers, which already owns Sports Direct, House of Fraser, and the Flannels designer casual wear chain, is understood to have taken on the Gieves & Hawkes brand and five UK stores, including the flagship in the tailoring heartland of Savile Row, London. It is not clear how many jobs have been saved under the deal. - Guardian

Hundreds of first-time buyers are at risk of missing out on support from the Government's Help to Buy scheme because of a deadline imposed on developers to finish building qualifying properties by the end of 2022. Buyers using the taxpayer-backed loan programme to get on the property ladder must complete new-build compliance checks before the new year according to rules set by the Housing Department - even though the scheme itself is not being wound up until March. - Telegraph

Car factory production rose in October but the industry fears it may be case of one step forward, two steps back amid the growing prospect of a recession. Latest figures from the Society of Motor Manufacturers and Traders, the industry trade body, show 69,524 vehicles rolled off assembly lines last month, a rise of nearly 4,800, or 7 per cent, on the same month last year. That increase brings the total for the year to 721,000, down 10 per cent year-on-year. - The Times

Atom Bank has pushed back its flotation by at least two years after tapping backers for another £30 million, giving it a post-deal valuation of £460 million. The fast-growing, Durham-based online lender is now aiming for a "liquidity event" in 2024 or 2025, having previously pencilled in 2022 or 2023. A liquidity event could be an initial public offering on the stock market or a trade sale. - 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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