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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: Hiring, Starlink, Thames Water

(Sharecast News) - Companies are putting the brakes on hiring new staff amid a "subdued" economic outlook and rising wage bills, according to the latest business surveys. In signs of a weakening UK labour market, the consultancy KPMG and the trade body the Recruitment and Employment Confederation (REC) said a marked decline in the number of people being placed in permanent and temporary roles continued in February, although hiring declined at a slower pace than in January. - Guardian Councils and mayors will be granted greater powers to seize land to build affordable housing under the Labour government's shake-up of planning rules this week. Local authorities in England and Wales will no longer need permission from central government to make compulsory purchase orders (CPOs), in a change that ministers hope will unlock vacant and derelict land. - Guardian

Elon Musk's satellite technology is set to be deployed to help keep GPs in rural parts of England connected to the internet. The NHS has awarded a contract worth £85,000 to Starlink, which is part of Mr Musk's SpaceX, to help provide internet services to GP practices and administrative offices in the North East and North Cumbria. - Telegraph

London is at risk of being swamped by burst pipes and sewage leaks if Thames Water is forced into an emergency nationalisation later this month, insiders fear. There are growing concerns that maintenance and repair works could grind to a halt if a multibillion-pound private sector-led bailout is rejected by the Court of Appeal in the coming days. - Telegraph

The beleaguered boss of BP has insisted that a move to increase fossil fuel production and abandon green energy targets is "resonating" with investors, as he races to convince shareholders that he can turn around the fortunes of the oil major. In his first public comments since promising a "fundamentally reset" strategy two weeks ago, Murray Auchincloss writes in The Times that unwinding a series of "misplaced" targets set out five years ago had been well received as he steps up efforts to woo investors. - The Times

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Wednesday newspaper round-up: Worklessness crisis, telecoms companies, fuel duty
(Sharecast News) - Employers have been told in a landmark government review that fixing Britain's health-related worklessness crisis will require them to spend £6bn a year on support for their staff. In a major report before this month's budget, Charlie Mayfield warned that businesses needed to play a more central role in tackling a rising tide of ill-health that is pushing millions of people out of work. - Guardian
Tuesday newspaper round-up: Ofwat, Budget, law firms
(Sharecast News) - More than $70tn (£53tn) of inherited wealth will pass down the generations across the world over the next decade, widening inequality and highlighting the need for intervention by the G20 group of leading nations, a group of economists and campaigners have warned. In a report ahead of the G20 meetings in Johannesburg, hosted by the South African government later this month, the expert panel said the gap in global wealth between rich and poor will widen over the next decade without a permanent monitoring group such as the UN Intergovernmental Panel on Climate Change. - Guardian
Monday newspaper round-up: Tax rises, US billionaires, national debt
(Sharecast News) - The prospect of looming tax rises and a fall in business investment will restrict the UK's economic growth rate next year to less than 1%, according to a health check of the economy by a leading consultancy. With less than four weeks before Rachel Reeves delivers her budget on 26 November, the EY Item Club has downgraded Britain's growth for next year, indicating that the economy will continue to expand at a sluggish pace, limiting tax receipts and the chancellor's financial room for manoeuvre. - Guardian
Friday newspaper round-up: Energy customers, Apple, copper prices
(Sharecast News) - Almost 2 million energy bill payers could be owed a share of £240m from old accounts that were closed while still in credit, according to the regulator. The latest figures from Ofgem show that about 1.9m energy accounts were closed over the past five years, with outstanding credit balances totalling £240m left unclaimed. - 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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