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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: House prices, Revolut, tax havens

(Sharecast News) - Three-quarters of small and medium-sized companies are worried about the long-term impact the cost of living crisis, soaring energy bills and rising inflation will have on their business, a survey has found. Just over half (51%) of SMEs said they were concerned that rocketing prices would dent consumer spending, in response to Barclays' SME Barometer, a quarterly survey of business sentiment conducted for the bank. - Guardian

The average price of a UK home has topped £250,000 for the first time, but the proportion of sellers reducing their asking price and the time taken to sell a home have both increased, according to Zoopla's latest market index. The property company, which bases its monthly snapshot on a combination of sold prices, mortgage valuations and data for agreed sales, said the average cost of a home hit £250,200 in April, but that the pace of price growth was slowing. - Guardian

Boris Johnson's plans for a nuclear energy revolution are facing a fresh hurdle after the Austrian government officially raised concerns about the safety of a new reactor design. In a letter to the Business Department, Austria's energy ministry raised the spectre of "severe accidents with high releases" at the Sizewell C plant to be built in Suffolk. - Telegraph

Britain's biggest privately owned financial services group is seeking to hire an investor relations team, a step usually seen as a prelude to a flotation. Revolut is searching for a head of investor relations with listed company experience and wants to hire one or two other IR professionals. The step closer to an initial public offering comes at a difficult time for financial technology businesses, with investor sentiment souring on the back of a technology sell-off on Wall Street. - The Times

Britain is monitoring hundreds of businesses that could be using havens offshore to lower their tax bills under a new system that requires authorities from the British Virgin Islands to the Caymans to share information. A Freedom of Information request by Pinsent Masons, the law firm, to HM Revenue & Customs found that the taxman had received 429 records relating to 277 UK taxpayers in the year to March 16 under the Organisation for Economic Co-operation and Development's "no or nominal tax jurisdiction" regime. It has been generating information to exchange since March last year. - 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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