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Monday newspaper round-up: House prices, gas network, Scottish power

(Sharecast News) - UK house prices are on track to beat forecasts of a decline in 2024, a leading estate agent has said, as a mortgage pricing war and expectations of Bank of England interest rate cuts rekindle the property market. After a year of sustained price falls in 2023, the global property consultancy Knight Frank said it was updating its forecast for UK house prices to rise by 3% in 2024, up from an earlier estimate of a 4% drop. - Guardian The world's five richest men have more than doubled their fortunes to $869bn (£681.5bn) since 2020, while the world's poorest 60% - almost 5 billion people - have lost money. The details come in a report by Oxfam as the world's richest people gather from Monday in Davos, Switzerland, for the annual World Economic Forum meeting of political leaders, corporate executives and the super-rich. - Guardian

Britain's sprawling gas network is still reliant on a fleet of ageing aircraft engines, some stripped from 1960s RAF Lightning fighter jets, it has emerged. Jon Butterworth, chief executive of National Gas, said many of the engines that drive gas through the system date back decades, some to the Cold War, and now need millions of pounds spent on replacing them. - Telegraph

The billionaire Tory donor Alan Howard shared a £268m pay out from his hedge fund last year as bets on interest rates reaped dividends for the company. The pay out by Brevan Howard Asset Management was more than three times the £82m shared a year earlier, company filings showed and the biggest since 2019 when £440m was paid out to partners. - Telegraph

Scottish Power will spend a record amount on upgrading ageing electricity transmission lines that will allow more renewable energy to be transported south of the border from Scotland. The ten-year investment plan is the first in an expected wave of spending set to be announced this year by the three big operators of Britain's power lines, seen as vital if the country is to meet a target of net-zero emissions by 2050. - 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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