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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.

Sunday newspaper round-up: Post-Brexit arrangements, Manchester United, Home REIT

(Sharecast News) - Rishi Sunak and former Prime Minister Boris Johnson are on a collision course over the former's plans to overhaul the post-Brexit arrangements as pertain to Northern Ireland. It is understood that Johnson is worried that a successful push by Sunak would become an obstacle to the government's ability to rip up some of the Brexit arrangements in the region. Keir Starmer on the other hand told the Observer that his party would support a vote in Parliament on the agreement. - Observer

US hedge fund Elliott has joined the £5bn bidding war for Manchester United in an eleventh hour move, on Friday, just before the expiry of the deadline to submit bids. According to sources, Elliott had ruled out a possible full takeover, but had offered financing for a possible acquisition. The details of the proposal were not clear but may include the hedge fund taking a stake in Manchester United or financing the debt for the deal. - Sunday Times

Home REIT is likely to face fierce criticism from its shareholders when management meets with them at the start of the week. A succession of crises has led some critics to suggest that the company may be facing a 'Southern Cross moment', in reference to the care home outfit that succumbed a decade before following a stint under private equity ownership. In an unusual move, media have been barred from its annual meetings, although its major shareholders, including M&G, BlackRock and Legal & General, were expected to be in attendance. - Financial Mail on Sunday

Veteran investor Bill Currie has thrown his weight behind Sosandar in what amounts to a vote of confidence for the online fashion retailer. Currie, once a star analyst in the City, was an early backer of the company's rivals, including Asos, Boohoo, and THG. The investor and his family have built up a £2m stake over the past year in Sosandar and participated in a recent cash call from the £58m company. Sosandar has inked online partnerships with Next, John Lewis, and Marks & Spencer and has posted a profit in each of the last five quarters. - Financial Mail on Sunday

Pawnbrokers, once mainly inhabitants of seedy back alleys, are now thriving in middle-class havens as a result of the cost-of-living crisis, including in Harrogate and north Yorkshire. There is now even one in the City of London that caters to traders disappointed with their bonuses. People are pawning everything from Rolex watches to Rolls-Royce cars, sometimes even to finance private school fees. Listed pawnbrokers such as H&T and Ramsdens have seen their share prices surge over the past year.

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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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