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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: Cash, ARM, EY

(Sharecast News) - Households could save up to £400 a year on energy bills under a new means-tested scheme to insulate more than 300,000 of Great Britain's draughtiest homes. The government is spending £1bn on grants for homes that have low energy efficiency ratings and are in lower council tax bands. - Guardian Cash has mounted a comeback in the UK, with payments made using notes and coins increasing for the first time in a decade, data shows. Cash use has been in long-term decline, but the banking body UK Finance said the cost of living crisis had prompted many people to turn back to "tangible" physical money to help them manage their budgets. - Guardian

The British microchip company Arm has priced its New York IPO at $51 a share, giving it a valuation of more than $52bn (£42bn) ahead of its Wall Street debut on Thursday. The pricing, confirmed by Arm on Wednesday evening, is at the top of the $47 to $51 range Arm had said last week, suggesting strong demand from investors. Telegraph

Ethical investment standards risk undermining Britain's defence industry and the wider economy, Grant Shapps has claimed. The defence secretary said that companies in the defence industry were being "excluded from access to debt and equity capital, citing environmental, social and governance [ESG] grounds. - The Times

Despite the chaos caused by its failed break-up plan, EY's global army of accountants and advisers made more money than ever before over the past year. The Big Four firm and its moves to split itself into separate audit and consulting businesses have dominated the industry for the past 18 months. - The Times

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(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
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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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