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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: Water companies, Walgreens, Deutsche Bank

(Sharecast News) - Water companies have apologised for repeated sewage spills and pledged to invest £10bn this decade in an attempt to quell public anger over pollution in seas and rivers. The companies will triple their existing investment plans to plough funds into the biggest modernisation of sewers "since the Victorian era" to reduce spills of overflowing sewage into England's waterways. - Guardian San Francisco has reached a $230m settlement with Walgreens over the corporation's role in the city's unprecedented opioid crisis. The settlement is the largest ever awarded to a local government amid years of continuing, nationwide opioid-centered litigation, according to San Francisco's city attorney. - Guardian

Barclays is planning to hire 200 new traders in Paris in the latest blow to the City of London in the wake of Brexit. The British lender said it expects to increase its headcount in the French capital by about two-thirds over the next two to three years as it increasingly becomes Europe's main trading hub. - Telegraph

The former chief executive of London Capital & Finance, the collapsed investment company, received a suspended jail sentence after he admitted concealing £95,000 from investigators that was used to fund his luxury lifestyle. A judge at Southwark crown court in London sentenced Michael Thomson, 50, to ten-months in jail, suspended for two years, yesterday after he was found to have breached a restraint order imposed on his finances. - The Times

Deutsche Bank has agreed to pay $75 million to settle a lawsuit which accused it of helping to facilitate sex trafficking by the paedophile and financier Jeffrey Epstein, according to lawyers for the plaintiffs. Alleged victims of Epstein, led by a woman listed anonymously as Jane Doe, launched legal action against the investment bank last November. - The Times

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Sunday newspaper round-up: Middle East, Aston Martin, Defence
(Sharecast News) - Britons must accept that their country was now involved in the Middle East conflict, Tobias Ellwood said. The former defence minister warned that "nobody was in full control" of the growing conflict as more and more countries were sucked in. Ellwood also said that Tehran's strike had taken the conflict into a "new dangerous territory". - Sunday Telegraph
Friday newspaper round-up: Everton, AstraZeneca, Amazon
(Sharecast News) - Everton has paid about £30m in interest charges to an opaque lender associated with a tax exile, corporate records suggest. The charges appear to have reached about £438,000 a week, according to the troubled Premier League club's most recent set of accounts, a figure more than three times the reported wages of the Everton and England goalkeeper Jordan Pickford. - Guardian
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

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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