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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: Holiday prices, Qinetiq, Tesla

(Sharecast News) - Prices for package holidays and flights to popular destinations have soared in the last year, according to research. A week-long trip to Greece costs about 30% more than it did last year, with holidays in Italy, Spain and Turkey up by a fifth or more. The sobering figures, from the consumer group Which?, could cause a rethink for those planning to escape the cost of living pressure with a holiday getaway.- Guardian Qinetiq, the UK defence contractor, has signed a deal to help Australia develop a laser weapon to help it counter missile threats. The firm is already spearheading a plan to develop a hypersonic missile-killing directed energy weapon in the UK called Dragonfire, with partners including Leonardo UK and missile company MBDA. - Telegraph

Global investors are shunning Britain because the Government has no coherent economic plan and is failing to keep up with volcanic policy changes in the US and Europe, the head of British industry has warned. "Money is leaving the UK. Investors are freezing up and the heart of the problem is that we don't have a strategy," said Tony Danker, director-general of Confederation of British Industry (CBI). - Telegraph

Tesla boss Elon Musk "lied" when he said that funding was "secured" to take the company private, a lawyer for Tesla investors said yesterday, as an attorney for Musk argued that the billionaire merely used the "wrong words" when he tweeted about his plans in 2018. Tesla investor Glen Littleton is seeking damages on behalf of shareholders who traded the company's stock in the days after Musk posted his plan to take the company private on Twitter in August 2018. - The Times

British boardrooms have been warned to brace for a further wave of investor activism after a record number of new campaigns at European companies propelled global activity by corporate raiders to its highest level since 2018. A report released yesterday by Lazard, the boutique investment bank, showed there were 235 new initiatives started by activist shareholders around the world last year, a 36 per cent increase on 2021 and a resurgence after three years of falling interventions. - The Times

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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
Tuesday newspaper round-up: Pharma companies, Puig, Thames Water
(Sharecast News) - Rachel Reeves has said an incoming Labour government would launch a £5bn crackdown on tax avoiders to close a gap in its spending plans exposed by Jeremy Hunt scrapping the non-dom regime to finance tax cuts. Warning households and businesses that Labour was prepared to adopt tough measures to tackle tax fraud and non-compliance, Reeves said the funding would be used to pay for free school breakfast clubs and additional NHS appointments. - Guardian
Monday newspaper round-up: Boeing, rent rises, e-scooters, Santander UK
(Sharecast News) - US airline regulators have launched an investigation after an engine cowling on a Boeing plane fell off during takeoff and struck the wing flap. The Southwest Airlines flight 3695 rose to about 10,300ft (3,140 metres) before returning safely 25 minutes after takeoff to Denver international airport at about 8.15am local time on Sunday. It was towed to the gate after landing. The Boeing aircraft with 135 passengers and six crew members aboard had been headed to Houston. No one was injured. - 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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