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Monday newspaper round-up: EasyJet, four-day week, FirstGroup

(Sharecast News) - UK holidaymakers have faced yet more travel chaos as easyJet cancelled another 80 flights on Sunday, Eurostar trains experienced further delays, and roads began to clog up with drivers returning from half-term and jubilee weekend breaks. Tens of thousands of British travellers are estimated to be stranded at airports across Europe after close to 200 flight cancellations over the weekend. - Guardian More than 3,300 workers at 70 UK companies, ranging from a local chippy to large financial firms, start working a four-day week from Monday with no loss of pay in the world's biggest trial of the new working pattern. The pilot is running for six months and is being organised by 4 Day Week Global in partnership with the thinktank Autonomy, the 4 Day Week Campaign, and researchers at Cambridge University, Oxford University and Boston College. - Guardian

BT has been told that rural people must be able to call the emergency services when storms cause power cuts, after digital-only phones were rendered useless by strong winds last winter. Ofcom wrote to BT after the chaos caused by storms Arwen and Eunice left some communities without power for days, asking the company as a "matter of urgency" to find new backup options for phones that depend on an internet connection rather than old copper wires. BT has subsequently stopped the roll-out of its digital-only phones. - Telegraph

The co-founder of Carzam has blamed the collapse of the used-car dealer on Alex Chesterman's handling of the rival company Cazoo. Peter Waddell, 56, launched the Peterborough-based Carzam 18 months ago alongside John Bailey, the former boss of Manheim auctions, with the promise of delivering used cars nationwide within 24 hours. Together they invested £50 million. However, the business entered voluntary receivership last week. - The Times

Some of FirstGroup's biggest shareholders have told the transport company's board that a £1.2 billion takeover approach from an American private equity firm would have to be unconditional for them to accept it. I Squared's bid, which values First at up to 163.6p a share, includes 45.6p that is conditional on the amount the bus and trains group eventually receives from the previously agreed sale of its American businesses, including the Greyhound bus line. - The Times

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Thursday newspaper round-up: Höfner, Sotheby's, Christie's
(Sharecast News) - Ministers and senior MPs have warned that the UK's agreements with Donald Trump are "built on sand" after the Guardian established that the deal to avoid drug tariffs has no underlying text beyond limited headline terms. The "milestone" US-UK deal announced this month on pharmaceuticals, which will mean the NHS pays more for medicines in exchange for a promise of zero tariffs on the industry, still lacks a legal footing beyond top lines contained in two government press releases. - Guardian
Wednesday newspaper round-up: Grangemouth ethylene plant, Warner Bros, ChatGPT
(Sharecast News) - Jim Ratcliffe's chemicals company Ineos has been granted £120m of government funding to help save the UK's last ethylene plant at Grangemouth, in a deal expected to protect more than 500 jobs. The investment in the Scottish plant was necessary to preserve a vital part of the country's chemicals infrastructure, the UK government said. The ethylene produced there was essential for medical-grade plastics production, water treatment and in aerospace and car-building, it added. - Guardian
Tuesday newspaper round-up: Nissan, Morrisons, Ford
(Sharecast News) - Nissan has started the production of its latest electric car in Sunderland, a crucial step in the UK automotive industry's transition away from petrol and diesel. The Japanese manufacturer will launch the third generation of the Leaf on Tuesday, which was the first mass-market battery electric car to be built in the UK. Nissan has made 282,704 Leaf models at the north-east England plant so far. - Guardian
Monday newspaper round-up: Cryptocurrencies, jobs downturn, Cycle Pharma
(Sharecast News) - Cryptocurrencies will be regulated in a similar way to other financial products under legislation coming into force in 2027. The Treasury is drawing up rules that will require crypto companies to meet a set of standards overseen by the Financial Conduct Authority (FCA). Ministers have sought to overhaul the crypto market, which has ballooned in popularity as a way of investing money and making payments. Cryptocurrencies have not been subject to the same regulation as traditional financial products such as stocks and shares, which means that in many cases consumers do not enjoy the same level of protection. - 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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