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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.

Tuesday newspaper round-up: Avon, Google, OBR

(Sharecast News) - Ministers have come under further pressure to expand the financial support for Britons struggling with the cost of living crisis, after a committee of MPs found some had "slipped through the safety net". The cross-party work and pensions committee said that support payments designed to help people cope with soaring household bills had proved insufficient to meet the scale of the problem and offered only a "short-term reprieve" for many. - Guardian Avon, the beauty company famous for building a global business by making house-to-house visits, is to open its first physical UK stores in its 137-year history. The company, known for its "ding dong! Avon calling" slogan used in its ads and by doorstep sales representatives, has had to strategically rethink its business model after its 5 million reps had to stop making Avon house calls during the Covid pandemic. - Guardian

Google gives Apple a 36pc cut of advertising revenue from its searches made in its Safari browser, a court has heard. The previously unknown figure was supposed to remain confidential but was revealed on Monday during the antitrust trial against Google, where it stands accused of illegally maintaining its monopoly. - Telegraph

One of the biggest providers of sustainability ratings appears to give higher rankings to companies that generate better stock market returns, raising concerns that there are conflicts of interest at play in the booming industry. Joachim Klement, an investment strategist at Liberum, a stockbroker, said on Monday that there may be "monetary conflicts of interest at play" in the burgeoning but opaque industry of providing environmental, social and governance (ESG) ratings. - The Times

The top official at the Office for Budget Responsibility has hit back at critics by insisting that the spending watchdog takes into account all costs and benefits when examining changes to fiscal policy, and that it is unfair to claim it does not. Professor David Miles, a member of the OBR's budget responsibility committee, said it was fair to query whether the group accurately captured shifts in consumer and business behaviour in response to tax and spending decisions. - The Times

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(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
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(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

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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