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Friday newspaper round-up: UK property, shops, Ford

(Sharecast News) - That buying a property - any property - in the UK is increasingly the preserve of the rich will come as no surprise to low-income households. But official data shows that the middle classes are increasingly squeezed, with only the cheapest 10% of houses now affordable (no more than five times a household's income according to the Office for National Statistics) to middle-income England. - Guardian The Charity Commission has closed a preliminary investigation into concerns about governance at a charity set up by the UK's richest person, Sir Jim Ratcliffe, which helped fund a £16m luxury clubhouse for an exclusive French Alps club where he and his daughter have skied for years. The UK charity watchdog announced on Thursday that it had closed its "regulatory compliance case" into the Jim Ratcliffe Foundation after finding that "the charity's activities further its purposes and that there is no further role for the regulator". - Guardian

Women are 50pc more likely than men to lose their jobs in the artificial intelligence (AI) race, according to a new study that predicts millions more roles will be automated by 2030. McKinsey said around 12 million jobs will be replaced by AI in the US alone over the next seven years. The management consultancy said women will be more affected by companies replacing staff with chatbots because they are more likely to hold "lower-wage jobs". - Telegraph

About 6,000 shops have closed across Britain over the past five years as vacancy rates reach "critical levels", new data shows. Helen Dickinson, chief executive of the British Retail Consortium (BRC), said crippling business rates and the impact of the Covid lockdowns were a "key part of decisions to close stores and think twice about new openings", while rising interest rates and inflationary pressures were also to blame. - The Times

Ford Motor Company upgraded its annual profit guidance last night after beating expectations on Wall Street as supply chain issues continue to ease. Earnings at the American automotive group more than doubled in the last quarter amid robust demand for its vehicles and strong pricing of trucks and vans. - 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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