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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: Train fares, Morrisons, Arrival

(Sharecast News) - Campaigners are calling for an end to the "peak fare rip off", where commuters in some parts of the country face far higher mark-ups to travel at busy times. The call came after regulated rail fares in England and Wales jumped by 5.9% on Sunday - the biggest hike in a decade - adding hundreds of pounds to the cost of many annual season tickets despite record levels of poor service. - Guardian

Morrisons is planning to ditch at least 83 property maintenance suppliers, many based in its home city of Bradford, putting more than 1,000 jobs at risk as it shifts to a single provider for repairs. The debt-laden supermarket chain, which is battling to save costs after a takeover in October 2021 by the American private equity group Clayton Dubilier & Rice, is also likely to lay off up to 50 staff dealing with property maintenance at its Bradford head office and around the country. - Guardian

Troubled British electric van maker Arrival has been hit by a second winding up petition in less than a month. The business was last week hit with a fresh legal challenge from a creditor, a week after Arrival said it had secured $50m (£41.5m) in new funding. The latest petition comes from Rugby-based Lenoch Engineering, a machinery and robotics specialist. The legal threat, where a creditor demands a court shut down a company for missed payments, was issued on March 1, according to court records. Lenoch Engineering did not respond to requests for comment. - Telegraph

America is significantly more attractive than Britain for energy investment, Shell's new chief executive has said. Wael Sawan said the government should "take a page from some of the things that the US have done recently, through the Inflation Reduction Act", a $369 billion package of subsidies to spur green investment in America. - The Times

Increased flexible working would tackle staff shortages that threaten economic growth, experts have said. More of the working-age population would take up work or stay in jobs if they were offered greater flexibility on where and how they worked, analysts said. Central bankers have said a labour supply problem risks cutting the UK's potential for growth. - The Times

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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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