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Tuesday newspaper round-up: Drax, banking hubs, TalkTalk, JPMorgan

(Sharecast News) - Dressed in overalls with "leave it in the ground" scrawled on their backs, climate protesters shovelled coal over the side of a goods train bound for the Drax power station in 2008. It is now 14 years on from the train "hijack" and government officials are considering their own raid on the North Yorkshire power station - this time on the company's finances. - Guardian

More shared "banking hubs" are to be rolled out across the UK to help communities hit by branch and ATM closures to get continued access to cash. A banking hub is a shared service that operates in a similar way to a standard branch, with a counter service run by Post Office staff where customers of almost any bank can withdraw and deposit cash, make bill payments and carry out regular transactions. - Guardian

The budget broadband provider TalkTalk has been warned by its auditor that presenting its accounts on a going concern basis is increasingly risky as it comes under pressure from its £1.1bn debt pile. In the company's annual report, which has not been published on its website or filed with Companies House but has been made available on request to bond investors and seen by The Telegraph, auditors from Deloitte highlight a series of unusual accounting practices. - Telegraph

JP Morgan has drawn up plans to shift work from offices in Germany into the City of London as finance companies brace for potential blackouts in the EU's biggest economy. The Wall Street bank is preparing a raft of emergency measures so that it can continue trading if there are power outages this winter following Vladimir Putin's decision to cut off gas supplies from Russia. - Telegraph

The bank criticised by a former minister for its allegedly poor due diligence work on pandemic loan schemes suffered a rate of suspected fraud that was two and a half times the sector's average, new figures suggest. Starling, the digital bank led by Anne Boden, identified 5.8 per cent of loans it had provided under the bounce back loan scheme as suspected fraud. This was higher than the average across lenders of 2.3 per cent. - 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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