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Tuesday newspaper round-up: British Airways, Sony, Bulb

(Sharecast News) - British Airways has announced another round of cancellations, axing 10,000 flights to and from Heathrow until the end of March next year as it adapts to the persistent staff shortages that have hit aviation. The carrier's decision to shrink its short-haul timetable by 8% comes after the London airport extended the summer's 100,000 daily cap on passenger numbers by another six weeks until the end of October and asked airlines to sell fewer flights. - Guardian

Sony has been overcharging PlayStation gamers for six years, a new legal claim alleges, and could be forced to pay almost £5bn in damages if the claim succeeds. According to Alex Neill, the consumer champion who has filed the case with the UK's competition appeal tribunal, Sony has been abusing its dominance in the British market to impose unfair terms and conditions on the PlayStation Store, where it sells digital games, downloadable content and subscriptions. - Guardian

Europe's population will halve this century as soaring house prices combined with the fallout from Covid lockdowns force couples to have fewer children. The continent could be home to fewer than 350m people by the end of the 21st century, according to economist James Pomeroy at HSBC, down from more than 700m today. - Telegraph

One of the UK's most promising science-based start-ups has threatened to leave the country over what its boss called political "paralysis" and a lack of clarity in national industrial strategy. Paragraf, a leader in efforts to commercialise graphene for electronic devices, is likely to move its base to the United States because the UK government "just doesn't know what it's doing", according to Simon Thomas, its co-founder and chief executive. - The Times

The taxpayer bill for running Bulb could hit £3 billion by the spring because of the government's "crazy" decision not to buy energy in advance for the failed supplier. A fresh surge in wholesale energy prices means that government-backed administrators running Bulb will have to buy gas and electricity at far higher costs than they are allowed to charge customers under the energy price cap. - 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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