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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: Barclays, British Land, Saudi Aramco

(Sharecast News) - Barclays could save itself more than £200m a year after deciding to take a break from paying into its staff pension scheme, despite the fund's assets plummeting by £10bn in 12 months. Barclays last month declared profits of £7bn for 2022, but its "contribution holiday" means the cost of the payments it would normally make towards former employee's retirement benefits will now have to be met by the pension scheme - prompting anger among some ex-staff. - Guardian A stack of factory-made modular labs, with a roof terrace and grass growing on top, has sprung up at Canada Water in south-east London and is due to open in late May. With growing demand for lab space, the company behind them, British Land, is unveiling plans for a large new research building on Monday, part of a nascent life sciences cluster south of the Thames. - Guardian

The chief executive of Wagamama has said chain restaurants will never be as ubiquitous as they were pre-pandemic, but insisted they will not disappear from Britain's high streets altogether. Andy Hornby, chief executive of The Restaurant Group, which owns the Japanese chain, told The Telegraph: "I don't think the [casual dining] industry will ever be quite as big as it was." - Telegraph

The world's biggest oil producer has reported annual profits of $161.1 billion after prices surged over the past year, eclipsing the record earnings made by its peers. Saudi Aramco also cited higher volumes sold and improved margins for refined products as it became the latest energy multinational to outline record earnings. - The Times

The former technology chief of Bulb has launched a new venture that aims to sign up energy suppliers to use the failed company's customer service platform. John Marshall is now chief executive of Zoa, which is controlled by the London-listed Sequoia Economic Infrastructure Income Fund, a secured creditor to Bulb that has taken control of its technology assets as part-repayment for a loan. - 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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