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Thursday newspaper round-up: Energy bills, Royal Mail, HSBC

(Sharecast News) - Physical and financial harm will be caused to millions of vulnerable families unless the government takes action to avert a winter catastrophe by cutting energy bills, leading economists have warned. In the run-up to the announcement of the new energy price cap tomorrow the Resolution Foundation thinktank said radical policies such as price freezes, solidarity taxes or lower social tariffs were needed to prevent the cost of living crisis worsening. - Guardian Thousands more homeowners who paid a doubled ground rent on their property will get a refund after the competition watchdog cracked down on "unfair" leasehold practices. More than 5,000 households in the UK will be compensated after being caught in contracts in which their ground rents doubled every 10 years. - Guardian

Royal Mail is preparing to take on its striking trade union by tearing up a "groundbreaking" agreement to protect jobs and conditions that was signed when the company was privatised nine years ago. Executives and legal advisers have been collecting evidence to allow them to trigger the break clause in Royal Mail's legally binding contract with the Communications Workers Union (CWU), senior sources told The Telegraph. - Telegraph

UK short-term borrowing costs have jumped to a post-financial crisis high as traders increase bets on faster Bank of England interest rate rises and a looming recession. The yield on two year government debt - which is sensitive to interest rate expectations - rose by more than 20 basis points to 2.9pc on Wednesday. This is the highest since the end of 2008, when Lehman Brothers filed for bankruptcy. - Telegraph

The Chinese investor pushing HSBC to split in two has insisted it is not an activist shareholder, but nonetheless has stuck with its demand for an overhaul of the British bank, putting the two parties on a potential collision course. It emerged in April that Ping An, the insurance company that is HSBC's largest shareholder, had told the bank's bosses that it believed the lender should spin off its giant Asian business to unlock value for shareholders. HSBC's bosses have rejected the proposal, arguing that breaking up the group would be risky, complicated and would ultimately destroy value. - The Times

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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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