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Thursday newspaper round-up: Telegraph, AstraZeneca, Boeing

(Sharecast News) - The government has said it intends to launch a second investigation into the Barclay family's complex deal to transfer control of the Telegraph, after its Abu Dhabi-backed consortium partner revealed a last-minute corporate structure change that has raised public interest concerns. The culture secretary, Lucy Frazer, said she was "minded to" issue a new public interest intervention notice (PIIN) to call in the regulators Ofcom and the Competition and Markets Authority (CMA) to look at RedBird IMI's move to create a new UK holding company to house the Telegraph and its sister magazine, The Spectator, when it takes control of the titles. - Guardian Despite putting a new vehicle on the market, announcing another for 2025 and beating Wall Street's expectations for vehicle deliveries, Tesla was not able to shake off its disappointing third quarter. The electric vehicle manufacturer brought in $25.1bn in revenue and posted $.71 in earnings a share in the fourth quarter of 2023, missing analyst expectations of 25.76bn in revenue and $0.74 earnings a share. The company's fourth quarter revenue increased 3% year over year from $24.3bn in 2022. - Guardian

UK electricity prices have risen faster than almost any other developed country since 2019, the International Energy Agency (IEA) has found. Soaring wholesale costs and an increase in net zero levies have led to British households paying more for their power, as they now face the third highest prices in Europe. - Telegraph

AstraZeneca is seeking up to £100 million in government support to expand a vaccine production facility in northwest England. In a potential boost for both British manufacturing and the life sciences sector, the UK's most valuable public company plans to submit a formal application next month to gain access to public funding to help to develop its nasal flu vaccines plant in Speke, near Liverpool. - The Times

The boss of Boeing said yesterday that the manufacturer would support the operation of its aircraft only if it was "100 per cent" confident in their safety after a federal regulator grounded some of its 737 Max 9 fleet. Dave Calhoun, the company's chief executive, who was in Washington for meetings with senators, said: "We don't put planes in the air that we don't have 100 per cent confidence in." He said that Boeing fully understood "the gravity of the situation". - The Times

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(Sharecast News) - "Misleading" and "inconsistent" labels make it hard for shoppers to know where their food comes from, the consumer champion Which? has said, as it found supermarket chains were selling products with "meaningless" statements on their packaging. Retailers must supply the "country of origin" for specific foods including fresh fruit and vegetables, unprocessed meats, fish, wine and olive oil but the rules do not generally apply to processed meat or frozen or processed fruit and vegetables. - 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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