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Monday newspaper round-up: Housebuilders, Ryanair, John Lewis

(Sharecast News) - Britain's biggest housebuilders privately lobbied for the government to ditch rules requiring electric car chargers to be installed in every new home in England, documents have revealed. The FTSE 100 construction firms Barratt Developments, Berkeley Group and Taylor Wimpey were among the companies who argued against the policy in responses to an official consultation seen by the Guardian. The "blatant lobbying efforts" were criticised by Transport & Environment, a campaign group. - Guardian Ryanair's investors have been urged to vote down "excessive" bonus payouts and block eight senior bosses from re-election in the run-up to the airline's annual shareholder meeting this week. Calling for a shareholder revolt at Europe's biggest airline, the London-based Pirc advisory group highlighted concerns over the independence of the board and potential undue financial rewards for its top executives. - Guardian

John Lewis's drive to build more than 10,000 homes is facing opposition from locals near a key site earmarked for development, amid fears the department store will build a tower block. Residents in West Ealing, London, said the prospect of John Lewis building a large high-rise on top of a Waitrose store was a "major upset". Justine Sullivan, co-chairman of local campaign group Stop The Towers, said the retailer had refused to rule out building "a ginormous tower block, and that will deeply upset people". - Telegraph

A National Grid scheme to avoid blackouts this winter by paying households to use less electricity at peak times is in danger of failing because the proposed payments are too low, leading energy suppliers have warned. The company responsible for keeping the lights on is trying to urgently establish a scheme whereby millions of consumers with smart meters could be rewarded for avoiding using energy-hungry appliances when electricity supplies are scarce. - The Times

Mike Ashley's Frasers Group has emerged as a potential buyer of Gieves & Hawkes, the 250-year-old Savile Row tailor. Frasers, which owns Sports Direct, House of Fraser and Flannels, and other suitors are expected to place revised bids for the company this week, Sky News reported. - The Times

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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
Tuesday newspaper round-up: Pharma companies, Puig, Thames Water
(Sharecast News) - Rachel Reeves has said an incoming Labour government would launch a £5bn crackdown on tax avoiders to close a gap in its spending plans exposed by Jeremy Hunt scrapping the non-dom regime to finance tax cuts. Warning households and businesses that Labour was prepared to adopt tough measures to tackle tax fraud and non-compliance, Reeves said the funding would be used to pay for free school breakfast clubs and additional NHS appointments. - Guardian
Monday newspaper round-up: Boeing, rent rises, e-scooters, Santander UK
(Sharecast News) - US airline regulators have launched an investigation after an engine cowling on a Boeing plane fell off during takeoff and struck the wing flap. The Southwest Airlines flight 3695 rose to about 10,300ft (3,140 metres) before returning safely 25 minutes after takeoff to Denver international airport at about 8.15am local time on Sunday. It was towed to the gate after landing. The Boeing aircraft with 135 passengers and six crew members aboard had been headed to Houston. No one was injured. - 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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