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Sunday newspaper round-up: Brexit deal, HSBC, Fresh fruit

(Sharecast News) - Deputy Prime Minister Dominic Raab has refused to say whether Parliament will vote on the government's new Brexit deal. He did however tell Sky's Sophy Ridge on Sunday programme that "Parliament will find a away to have its say". The plan was expected to be unveiled possibly as early as Monday. "We want to handle this properly and in the right way," he said. I think one thing we've learned with meaningful votes and various other things since 2016 and beyond is that you have to carry Parliament with you, and I'm confident we would be able to." However, as of Sunday, it appeared unlikely that the proposals would satisfy the ERG or DUP. - Sunday Telegraph

HSBC wants to halve the office space at its headquarters as part of its embrace of flexible working. With that aim, it has engaged Cushman & Wakefield to find a new HQ with 400,000-500,000 square feet of space, against the 1.1m sq.ft. available at its 45-storey tower in London's Canary Wharf. Globally, the lender wants to slash its office space by 40% versus pre-pandemic levels. In parallel, the chief executive officer of Canary Wharf Group is looking to diversify away from lenders and law firms by attracting life sciences outfits. - Financial Mail on Sunday

The dearth of some fresh fruit and vegetables at grocers may just be the "tip of the iceberg", according to the National Farmers' Union. Poor weather in Europe and Africa, Brexit red tape and the hit to UK and Dutch producers from the jump in energy bills were all to blame. Nonetheless, NFU president, Tom Bradshaw, said that relying on imports had left the UK especially vulnerable to "shock weather events". Bradshaw highlighted how energy inflation had led many farmers who produce in glasshouses not to plant, due to their lack of confidence in being able to secure the returns necessary to justify the risk of planting. Curiously, Brexit had increased reliance on even more distant producers. - Guardian

Revolut, Britain's largest financial technology outfit, may be on the cusp of clinching a UK banking license within weeks after a two-year effort. The breakthrough will be thanks to the publication this week of its overdue 2021 accounts. A trading update is also expected to show that its turnover jumped again last year. The company now operates in over 200 countries and counts more than 25m customers. A UK license would allow Revolut to hold customer deposits and lend. Analysts believe it could also drive the outfit's valuation - which at one point in 2021 topped NatWest's - even higher. - Financial Mail on Sunday

ITV's full-year numbers, which are due out this coming week, are expected to show that its efforts to take on Netflix and Disney are yielding results and that it is cutting its reliance on old-style terrestrial TV. Revenues from the streaming and studios businesses are both seen growing at double-digit rates and accounting for over half of the total. Boss Carolyn McCall's initiative to replace ITV hub with a new online service is also expected to have boomed since its launch in December. - Financial Mail on Sunday

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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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