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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: Telecoms, TikTok, loo rolls

(Sharecast News) - The UK advertising watchdog has launched an investigation into whether telecoms companies are misleading consumers about inflation-busting bill increases when promoting deals in their marketing campaigns. Telecoms companies make billions of pounds annually by instituting price rises to mobile and broadband bills midway through contract periods - increases that will add to the biggest squeeze on the cost of living facing households in generations. - Guardian Big oil and gas companies are spending tens of millions publicising their environmental work, while only about a 10th of their investment goes into low-carbon development, a report claims. A comprehensive study of public communications from five oil and gas firms by InfluenceMap, a climate finance thinktank, found that 60% of the publicity made at least one claim highlighting the companies' positive climate actions. But on average, the five companies devoted only 12% of capital expenditure to low-carbon activities - and this included some gas projects. - Guardian

TikTok is a "tool of espionage" for the Chinese communist party that should be outlawed by the West, the chief executive of German publishing giant Axel Springer has claimed. Mathias Dopfner says his business has resisted working with TikTok because he fears sensitive personal data will be shared with the government in Beijing. - Telegraph

The price of lavatory paper has jumped 15pc in a year despite rolls being shortened by up to 8pc, making for some of the sharpest inflation in a weekly shop. The figure is an average of increases across supermarkets revealed by analysis for The Telegraph by Trolley.co.uk, a shopping comparison website. The figures are based on a survey of different brands and package sizes. - Telegraph

If you want to travel by train from London to Manchester in the next few weeks - good luck. A visit to the website of Avanti West Coast, the train company that runs intercity express services from Euston to Birmingham, Manchester and Glasgow, does not inspire confidence. It has cut the number of trains to the main destinations on the line from three an hour to one and warns that services are still subject to last-minute cancellation. Ticket sales from next Wednesday to Sunday have been suspended entirely because of looming industrial action. - The Times

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Thursday newspaper round-up: X, Marks & Spencer, Volvo
(Sharecast News) - More than a quarter of advertisers are planning to cut spending on Elon Musk's X over concerns about the social media platform's content and trust in the information disseminated, according to new global research. Advertising revenue flowing to X has been in freefall since Musk bought the site, then known as Twitter, for $44bn (£38bn) in October 2022, claiming it had not lived up to its potential as a platform for "free speech". - Guardian
Wednesday newspaper round-up: Councils, Apple, offshore wind farms
(Sharecast News) - Spending on the UK live music sector and associated businesses has hit a record £6.1bn as a wave of huge acts from Elton John to Beyoncé cashed in on the pent-up demand to attend shows in person. Live, the federation representing Britain's live music industry, revealed that the sector's contribution to the UK economy topped £6bn for the first time last year, as fans denied live experiences in the Covid pandemic rushed to snap up tickets. - Guardian
Tuesday newspaper round-up: Electric cars, Manchester, Mountain Warehouse
(Sharecast News) - Campaigners have called on the chancellor to introduce a controversial pay-per-mile road charging scheme on electric cars, warning of a £5bn "black hole" in tax revenues from motoring. In a letter to Rachel Reeves, the Campaign for Better Transport (CBT) urged her to reform vehicle taxes, with fuel duty poised to dwindle in the coming decade as petrol and diesel cars are phased out. - Guardian
Monday newspaper round-up: Ride-hailing apps, ticket prices, Abercrombie & Kent
(Sharecast News) - Uber and other ride-hailing apps should be forced to publish data on drivers' workloads so that regulators can tackle exploitation and cut carbon emissions, campaigners argue. Analysis by the pressure group Worker Info Exchange suggests drivers for Uber and its smaller rivals may have missed out on more than £1.2bn in wages and costs last year because of the way they are compensated. - 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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