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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.

Monday newspaper round-up: Autumn Statement, Britishvolt, Waitrose, Meta

(Sharecast News) - More than 138,000 residential and commercial properties in England and Wales are owned by offshore companies, with holdings in London worth a combined £55bn, according to research shared with the Guardian. The findings come as the government begins a crackdown to dismantle the secrecy that surrounds offshore property ownership, which it says has been used by "corrupt elites laundering money through UK property". - Guardian Jeremy Hunt will set out tax rises and spending cuts totalling £60bn at the autumn statement under current plans, including at least £35bn in cuts, the Guardian understands. Ministers must submit the key points of the autumn statement to the Office for Budget Responsibility (OBR) by Monday morning. - Guardian

Potential customers of Britishvolt were quoted prices of up to a third higher than competitors as the company prepares to battle cheaper Chinese rivals. One potential buyer told The Telegraph that he was put off by quoted prices for delivery in a few years' time exceeding today's prices. Battery prices are generally predicted to decline over time as production methods and technology improve. - Telegraph

Waitrose has insisted its supermarkets are better-stocked than some of its rivals despite claims that a bungled IT project has left many of its stores with empty shelves. The supermarket, which is owned by the John Lewis Partnership, said independent data showed product availability at its branches was higher than at competitors. - Telegraph

Meta is planning to begin large-scale layoffs this week, it emerged last night, in what may be among the largest round of recent culls in tech. The layoffs were expected to affect thousands of employees, with an announcement planned for as soon as Wednesday, according to the Wall Street Journal. - The Times

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Sunday share tips: PPHE, Keystone Law
(Sharecast News) - The Financial Mail on Sunday's Midas column labelled shares of PPHE an "attractive long-term buy" citing their valuation.
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

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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