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Thursday newspaper round-up: Twitter, Newport Wafer Fab, Heathrow runway

(Sharecast News) - Elon Musk has secured additional funding to purchase Twitter, according to financial filings made public on Wednesday, moving the billionaire closer to completing the high-profile deal. The Tesla CEO said in the regulatory filings he has increased his personal funding of the purchase from $27.3bn to $33.5bn and secured an additional $6.25bn in equity financing, reducing the amount of debt the entrepreneur would take on in the $44bn purchase. - Guardian The business secretary, Kwasi Kwarteng, has launched an inquiry into the proposed takeover of the UK's largest microchip manufacturer Newport Wafer Fab by Chinese-backed Nexperia. Kwarteng said on Wednesday that the deal will be scrutinised under the new National Security and Investment Act, which was introduced at the start of the year. - Guardian

Boris Johnson has opened the door for Heathrow to build its third runway as ministers commit to support necessary airport expansion. In a move that risks angering opponents of Heathrow's £14bn expansion, ministers are vowing to "support growth in airport capacity where justified" in a ten-point plan for aviation. The programme will be unveiled by aviation minister Robert Courts at Heathrow today. Other commitments include the setting up of an aviation council designed to allow industry executives to influence Government policy. - Telegraph

For exhausted parents, nothing quite rounds off the day like staggering about the house retrieving toys from the living room floor or groping around the back of the sofa for lost puzzle pieces. Well, not for much longer. Dyson, the technology company founded by the billionaire inventor Sir James Dyson, unveiled plans to create cleaning robots that will perform a range of mundane domestic tasks. - The Times

Frasers Group, which recently promoted founder Mike Ashley's son-in-law as chief executive, is selling Bob's Stores and Eastern Mountain Sports for $70 million to GoDigital Media Group. The company bought the two discount sporting goods chains out of bankruptcy for $101 million in 2017, in a move that pushed Frasers, then known as Sports Direct, into the US for the first time. However, it announced last August that it would be launching a strategic review of Bob's Stores after Nike said that it would close a string of wholesale accounts including Bob's. - 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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