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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: Nuclear energy, NI rise, Crispin Odey

(Sharecast News) - Boris Johnson is to put nuclear energy at the heart of the UK's new energy strategy, but ministers have refused to set targets for onshore wind and vowed to continue the exploitation of North Sea oil and gas. Amid deep divisions among senior Conservatives, the strategy will enrage environmentalists, who say the government's plans are in defiance of its own net-zero targets and neglect alternative measures that experts say would provide much quicker relief from high energy bills. - Guardian Britain's employers are being forced to shoulder a £9bn tax rise after the government pushed ahead with raising national insurance on Wednesday despite stiff opposition. Company bosses said the 1.25-percentage-point rise in national insurance contributions (NICs), which is paid by workers and their employers, would add to already severe pressure from runaway inflation and soaring business costs this year linked to Covid, Brexit and Russia's war in Ukraine. - Guardian

Returns for one of Crispin Odey's funds have soared after his short bet on government bonds paid off. The financier's Odey European Inc hedge fund jumped by about 15pc in March after he shorted government bonds that mature in 2050 and 2061. The short bet has lifted the fund's return to 53pc for the year to date, Bloomberg reported. - Telegraph

The Russian government has been accused of effectively defaulting on its foreign debts for the first time since the Bolshevik Revolution after being forced to use roubles to make payments to creditors. Insurance on Russia debt signalled a record 99pc chance of default after foreign banks rejected payments in dollars for two bonds following the tightening of sanctions by the US. - Telegraph

America's senior financial regulator has increased pressure on Amazon to be more open over its global tax affairs by rejecting the technology group's move to block a shareholder vote on greater transparency. The ecommerce powerhouse was accused of being "out of step" with investors and regulators after seeking to quash a campaign for it to share more information about where and how it pays taxes. - The Times

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Wednesday newspaper round-up: Harland & Wolff, Octopus Energy, Microsoft
(Sharecast News) - Local councils will have to adopt mandatory housing targets within months under planning reforms to be unveiled on Wednesday as part of Keir Starmer's first king's speech, which the prime minister says will be focused on economic growth. Starmer will introduce a package of more than 35 bills on Wednesday, the first Labour prime minister to do so in 15 years, as he looks to put the economy at the centre of his first year in office. - Guardian
Tuesday newspaper round-up: Elon Musk, Julian Dunkerton, SSE/TotalEnergies
(Sharecast News) - Elon Musk has said he plans to give $45m a month to a Super Pac focused on electing Donald Trump, starting in July, the Wall Street Journal has reported. The tech billionaire, who endorsed Trump two days ago, has already donated what was described as "a sizable amount" to the America Pac, though the actual amount of the donation will not be made public in election filings until 15 July, Bloomberg reported. - Guardian
Monday newspaper round-up: Lloyds Banking, Sky News, Hotel Chocolat
(Sharecast News) - A solar energy project developer linked to Thames Water is to be liquidated and its staff made redundant as the crisis engulfing the debt-laden water supplier puts strain on its complex corporate structure. Trinzic Operations Ltd, which is ultimately owned by Thames's parent company Kemble Water Holdings, is to be voluntarily shut down, the Guardian can reveal. - Guardian
Monday newspaper round-up: Lloyds Banking, Sky News, Hotel Chocolat
(Sharecast News) - A solar energy project developer linked to Thames Water is to be liquidated and its staff made redundant as the crisis engulfing the debt-laden water supplier puts strain on its complex corporate structure. Trinzic Operations Ltd, which is ultimately owned by Thames's parent company Kemble Water Holdings, is to be voluntarily shut down, the Guardian can reveal. - 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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