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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: HSBC, pay gap, M&S, NMCN

(Sharecast News) - HSBC has suspended a senior banker after he referred to climate crisis warnings as "unsubstantiated" and "shrill" during a conference speech that has since been denounced by the lender's chief executive. Stuart Kirk, who has been HSBC's head of responsible investing since last July, will remain suspended until the bank completes an internal investigation into the matter. - Guardian The gap between the pay of bosses and employees will widen again this year after narrowing during the pandemic, research suggests. FTSE 350 chief executives are expected to collect 63 times the average median pay of workers at their companies , according to the High Pay Centre thinktank, which campaigns for fairer pay structures. - Guardian

A year and a half after taking the helm at one of Britain's oldest brands, Steve Rowe admitted he was still "putting out fires". It was November 2017 and Marks & Spencer had posted another fall in profits. The new 54-year-old chief executive, often described as a people person, had inherited a business in desperate need of a revival. - Telegraph

Farmers have warned that supermarket shelves could be packed with cartons of Polish eggs as retailers turn to foreign suppliers in the face of escalating food prices. Britain's egg farmers are wrangling with soaring costs, which have gone up by almost a third since the start of the year, sparking pressure on supermarkets to pay them more for their produce. - Telegraph

Administrators of the largest listed construction company to go bust since Carillion have brought in lawyers to investigate its collapse. Joint administrators at Grant Thornton have instructed Gateley, the law firm, to help them to look into the background to NMCN's failure. - The Times

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(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
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(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
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(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

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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