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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: BT Group, Business rates, Small business

(Sharecast News) - Thousands of BT and Openreach workers will go on strike again on Monday in a dispute over pay. Members of the Communication Workers Union (CWU), including call centre workers and engineers, will hold a 24-hour strike, after similar action on Friday. The union will mount picket lines outside company offices across the UK and is asking people to bring food, which it will deliver to local food banks. - Guardian One of Britain's biggest shopkeepers has joined the call for Tory leadership candidates to prioritise a shake-up of 'outdated' business rates. Iceland boss Richard Walker urged the next prime minister to promise a 'root and branch' reform of the tax. He said the levy is penalising bricks and mortar retailers and, without a fundamental change, the High Street will 'continue to decline'. - Daily Mail

Half of smaller suppliers are still being paid late by their clients, triggering calls for the government to increase efforts to clamp down on the practice. As two key initiatives to address the problem stall, figures from the Federation of Small Businesses show that between April and June half of the 1,300 small business owners and sole traders surveyed for its quarterly research reported being paid late, while one in five said the issue was getting worse. - The Times

BP is to invest up to £50 million in a new global battery research and development centre in Britain. Planned to open by the end of 2024, the facilities will be located at the headquarters for its Castrol business in Pangbourne, Berkshire. They will help to advance the development of leading fluid technologies and engineering for hybrid and fully battery electric vehicles, with the aim of bringing the industry closer to the tipping point for mainstream electric vehicle adoption. - The Times

Waitrose is removing best-before dates from nearly 500 fresh food products in an effort to reduce food waste. From September, the staff-owned supermarket chain will scrap the dates on packaged fruit and vegetables, including lettuce, cucumber and peppers, to encourage consumers to use their own judgment about when food has gone off. The move is expected to cut food waste by preventing people from throwing away products that are still edible, the retailer says. - Guardian

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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
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(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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