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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: Ukraine, BP, New Princes IPO

(Sharecast News) - America is finished with financing Ukraine's war against Russia, the US vice-president said in an interview. He was speaking at an emergency gathering with European and Ukrainian officials at Chevening hosted by David Lammy. The day before, seven of Europe's leaders, including Sir Keir Starmer, issued a joint statement highlighting that "the path to peace in Ukraine cannot be decided without Ukraine" and that Kyiv needed security guarantees. - The Sunday Times

BP will reopen the Murlach oil field in the North Sea despite Ed Miliband's efforts to shrink the offshore industry. The field was declared uneconomic in 2024, but thanks in part to new technologies it is once again deemed viable. A restart could occur during the next month. - Sunday Telegraph

The business that makes Princes Tuna, Crisp'N Dry cooking oil and Napolina Italian food brands has been reaching out to investors regarding a possible flotation that might reopen the London market for IPOs before 2025 is out. The business is expected to fetch a valuation of at least £700m with a listing being sought in the autumn. Many other companies are thought to be looking at listing in London. - The Sunday Times

The Guardian has gotten hold of surveillance images taken by spies hired by oligarchs - who had the backing of billions from Vladimir Putin's regime - whose business was being probed by the Serious Fraud Office for suspected corruption and fraud. The images started being taken in 2019 but the case, a major one, was eventually dropped. - Guardian

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Thursday newspaper round-up: Youth employment, SpaceX, EY
(Sharecast News) - Britain is slipping down the global league table for youth employment amid a dramatic rise in worklessness that is putting a generation's future at risk, research has warned. Sounding the alarm over a worsening youth jobs crisis, the report from the accountancy firm PwC said Britain's economy was missing out on £26bn a year because of sharp regional divisions in youth joblessness. - Guardian
Wednesday newspaper round-up: UK borrowing costs, Channel 4, Anduril
(Sharecast News) - The "premium" that the UK pays to borrow money compared with its international peers may be coming to an end as markets grow more confident about the government's plans, a thinktank has suggested. The Institute for Public Policy Research (IPPR) said that the chancellor Rachel Reeves's announcement in the autumn budget that she would be more than doubling the UK's financial headroom by 2030 from £9.9bn to £22bn had begun to assure bond markets about Labour's fiscal approach. - Guardian
Tuesday newspaper round-up: household spending, British Library, Jamie Dimon, WPP
(Sharecast News) - UK households cut back on spending at the fastest pace in almost five years last month as consumers put Christmas shopping on hold, according to a leading survey. Adding to concerns that uncertainty surrounding the budget has helped dampen consumer confidence, Barclays said card spending fell 1.1% year on year in November - the largest fall since February 2021. The bank said retailers still enjoyed their busiest day of the year so far on Black Friday, with transaction volumes 62.5% higher than the average day for 2025. - Guardian
Monday newspaper round-up: Neso, local authorities, Anglo American
(Sharecast News) - Britain's energy system operator is pulling the plug on hundreds of electricity generation projects to clear a huge backlog that is stopping "shovel-ready" schemes from connecting to the power grid. Developers will be told on Monday whether their plans will be dismissed by the National Energy System Operator (Neso) - or whether they will be prioritised to connect by either the end of the decade or 2035. - 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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