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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: UK farmers, Total, Royal Mail

(Sharecast News) - UK farmers are receiving negligible profits for many items as food prices rise and supermarkets boast record takings. An average block of cheese or loaf of bread produces less than a penny for farmers, and fruit producers do not fare much better, making just 3p from each kilo of apples. - Guardian French oil giant TotalEnergies has become the first major North Sea operator to cut investment as a direct result of Rishi Sunak's windfall tax. The €157bn (£134bn) company is to reduce planned spending on new wells by a quarter next year as the levy forces drilling businesses to reexamine their plans. - Telegraph

Royal Mail has accused striking staff of assault and intimidation against workers crossing the picket line as the dispute between the two sides becomes increasingly bitter. One person was headbutted while some employees were followed and filmed, according to claims made by the company as strikes entered their fifth month. - Telegraph

The former head of the competition regulator is set to take a job at a US consultancy where he will advise on anti-trust issues. Andrea Coscelli, who stepped down as chief executive of the Competition and Markets Authority in July after six years, will set up a new London office as co-head in Europe of Keystone Strategy. - The Times

Britain's third-biggest cinema chain is ready to swoop on a rival in a "huge consolidation play" ahead of a possible stock market flotation. Tim Richards, who founded Vue International in 1999, confirmed the company was ready to take advantage of any opportunities that presented themselves as speculation mounts that Cineworld could be broken up. - The Times

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Sunday newspaper round-up: Elon Musk, Rolls-Royce, Lotus
(Sharecast News) - Elon Musk criticised Donald Trump's proposed tax and spending proposals on Saturday, labelling them "utterly insane and destructive". The tech mogul wrote on social media that "The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country!" He also believed that they were akin to political suicide for the Republican party. Musk was criticising a US Senate version of the bill. - Guardian
Friday newspaper round-up: Post office, local bus services, British vehicle production
(Sharecast News) - The police criminal inquiry into the Post Office Horizon IT scandal is investigating more than 45 individuals, with seven formally identified as main suspects. The investigation, which the police described as unprecedented in size and scale, is the first to examine potential offences of perjury and perverting the course of justice by those who made "key decisions" on Post Office investigations and supporting prosecutions of branch-owner operators. - Guardian
Thursday newspaper round-up: Billionaires' wealth, China wind and solar installations, household incomes
(Sharecast News) - The wealth of the world's 3,000 billionaires has surged by $6.5tn (£4.8tn) in real terms over the past decade, according to Oxfam, equivalent to 14.6% of global output. In total the richest 1% of the global population has gained at least $33.9tn in real terms, which the charity said was "enough to end annual global poverty 22 times over". - Guardian
Wednesday newspaper round-up: Post Office, interest-only mortgages, Asda
(Sharecast News) - Post office operators yet to claim compensation of at least £600,000 relating to the Horizon IT scandal have not been chased up by officials because the government did not want to "harass" them with letters, it has emerged. In a report criticising the speed and handling of payouts after the Post Office scandal, the House of Commons public accounts committee (PAC) said the government is taking "insufficient action" identifying all the operators eligible to claim some of the £1.7bn being paid out across four compensation schemes. - 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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