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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.

Thursday newspaper round-up: Betfred, rail strikes, EDF

(Sharecast News) - The bookmaker Betfred has been fined nearly £2.9m for failings in its social responsibility and money-laundering controls, after accepting tens of thousands of pounds from gamblers without performing adequate safety checks. One customer was allowed to lose £70,000 over a 10-hour period just a day after opening their account, the Gambling Commission said. - Guardian No trains will run between London and Britain's biggest cities this Saturday as multiple unions combine strikes, the rail industry has confirmed. Timetables for 1 October have been published, with the overall service cut to just 11% of the normal schedule, when Aslef, RMT and some TSSA and Unite members are walking out for 24 hours in the long-running dispute over pay and conditions. - Guardian

EDF is exploring keeping two of its UK nuclear power stations open for longer than planned amid growing concern over energy shortages. The French state-owned company said it will review its current plans to close Hartlepool and Heysham 1 in March 2024 "with an ambition to generate longer if possible". - Telegraph

Britain will suffer a "rapid and significant detrimental impact on trade and travel" with Europe if Brussels refuses to soften new border checks due to come in next year, the boss of the Port of Dover has warned. Biometric controls are due to be introduced next May, replacing the "wet stamping" of passports, which was brought in after Britain left the EU. - Telegraph

Britain's biggest carmaker has revealed the scale of efforts to retrain its workforce to cope with the shift to zero-emission vehicles. Jaguar Land Rover said 10,000 workers in the UK alone, both in its facilities and those employed by dealers selling Jaguars, Range Rovers and Land Rovers, would have to go through retraining programmes. - The Times

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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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