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Monday newspaper round-up: B&Q, Airbus, Intel

(Sharecast News) - EU exports of electric cars to the UK worth €30bn a year will be put at risk unless the Brexit trade deal is tweaked, representatives of the sector in Brussels have said. Three of the world's biggest car manufacturers have already called on the British government to open talks over new rules that will see 10% tariffs put on exports to the EU, if 45% of an electric vehicle by value does not originate in the EU or the UK. - Guardian

One of Britain's largest pension schemes has slashed its holding of UK stocks in a blow to Jeremy Hunt's hopes of triggering a 'Big Bang 2.0'. BT's £39bn pension fund has cut back its exposure of London-listed stocks to just £100m - or 0.3pc of assets - new figures have revealed. Investment has fallen from £300m last year and £3.6bn in 2010. The BT scheme is the largest on London's blue-chip FTSE 100 index, with around 270,000 members. - Telegraph

B&Q is lowering the temperature of its stores and dimming the lights in a push to cut costs and avoid price rises as inflation runs rampant. Kingfisher, which also runs the Screwfix chain, has lowered the temperature of heaters in stores by between 1 and 2 degrees celsius. It has started switching on the heating later in the morning and turning it off earlier in the evening. - Telegraph

Airbus is promising Britain's first new helicopter factory in decades, bringing hundreds of new jobs and billions of pounds of exports if the Ministry of Defence chooses it to build a new generation of helicopters to replace the UK's ageing fleet of Pumas. The European aerospace company is competing with the Italian group Leonardo, formerly AgustaWestland, and the American multinational Lockheed Martin to win a £1.1 billion deal to build at least 25 Puma replacements. - The Times

Intel is to spend $25 billion building a new computer chip factory in Israel, the latest in a string of recent investments that have shone a light on the UK's more limited microchip ambitions. Binyamin Netanyahu, the Israeli prime minister, confirmed the deal yesterday and described it as the largest ever international investment in the country. "[It is] a tremendous achievement for the Israeli economy: 90 billion shekels [$25 billion]," he said. - 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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