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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: 'Prolonged war', Asda, IAG

(Sharecast News) - The Prime Minister called on the West's leaders to steel themselves for a prolonged war in Ukraine, saying that if not they risked the "greatest victory for aggression in Europe since the Second World War". He also pushed Britain's allies to hold their nerve and make sure that Kyiv had the "strategic endurance to survive and eventually prevail." According to Boris Johnson, the price of a rushed settlement in Ukraine would not be worth paying. "Imagine for a moment that Vladimir Putin's visions of glory were to come true. [...] What if no one was willing to lift a finger as he annexed this conquered territory and its fearful people into a greater Russia? Would this bring peace? Would the world be safer? Would you be safer?" - Sunday Times Concerns about Asda's huge debt pile amid a slump in consumption has left its corporate bonds trading at a discount of about one fifth. Asda's sales shrank by 9.2% when excluding fuel over the three months ending in March. And now, the Institute of Grocery Distribution is forecasting possible food price inflation of as much as 15% this summer. The grocer was acquired less than two years before Mohsin and Zuber Issa together with private equity outfit TDR Capital, who saddled Asda with £4bn of debt. - The Financial Mail on Sunday

Fears of air travel chaos over the summer have led City traders to take out short positions in IAG's shares representing 10% of the group's stock, up from just 1% one year ago. So-called 'short sellers' take out shares of a company on loan in anticipation of being able to repurchase the shares and paying back the loan at a lower price in the future. The company and analysts at Peel Hunt coincided in the role played by higher crude prices but the latter also pointed to the risk of strike action at the British Airways parent and higher costs for IAG's long-haul flights and at Heathrow. - Financial Mail on Sunday

Network Rail's bosses will continue to negotiate with union leaders on Sunday, in a last-ditch attempt to forestall the biggest strike against the railways in over three decades. Over 40,000 workers were set to walk out on Tuesday, Thursday and Saturday, leaving only about half the country's rail network operating on strike days and with very limited service on the lines that remained open. One Network Rail source said there was "some hope" although the chances of an agreement were slim, while Labour leader, Keir Starmer, was set to call for the strikes not to go ahead. - Guardian

A new generation of nuclear power plants will not arrive in time to help stave off the current energy crisis. Hinkley Point C in Somerset is not due to come online until 2025 at the earliest. On top of that, many existing plants are approaching retirement, so that the UK's nuclear power generation is set to decline to its lowest levels since the 1960s in coming years. Hence, some are calling for the existing reactor fleet to be pressed into service for longer. - Sunday Telegraph

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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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