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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: Energy bills, Amazon, Sunak

(Sharecast News) - Millions of people will be plunged into "unmanageable" debt this winter unless the government comes up with more support for those struggling to pay their energy bills, MPs have warned. - Guardian Amazon is to increase the price of its monthly Prime subscription service by 12.5% - or £1 - to £8.99 from September in the latest sign that delivery costs are rising. The company said the cost of an annual Prime package, which includes unlimited deliveries for online shopping, access to its video and music streaming services and its Amazon Fresh grocery deliveries, would rise by more - 20%, or £16 - to £95, although this remains a discount on the monthly option. - Guardian

The China-backed owner of Britain's biggest microchip factory has been accused of "misleading" MPs looking into the deal, amid claims they cut customers off from using the plant. In a letter sent to MPs on the Business Select Committee, seen by the Telegraph, a former director at Welsh chip plant Newport Wafer Fab hit back at claims made by Nexperia to an inquiry into the UK's semiconductor industry. - Telegraph

Rishi Sunak was the "driving force" behind plans to revive a regular UK-China trade summit while Chancellor, Whitehall insiders have revealed, as he was accused of playing "pure politics" over his tougher stance towards Beijing. Mr Sunak is said to have pushed China "very hard" to resume the economic and financial dialogues after the summits were suspended amid simmering tensions over Hong Kong, Huawei and human rights abuses in Xinjiang. - Telegraph

Household disposable income fell by a record £44 a week in June, marking its eighth consecutive month of decline as the cost of living crisis intensifies. The average household was £175.80 worse off in June this year than they were in the same month in 2021, according to Asda's monthly income tracker, produced by the Centre for Economics and Business Research. - The Times

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Sunday share tips: Oxford Instruments
(Sharecast News) - The Financial Mail on Sunday's Midas column labelled shares of Oxford Instruments a "long-term buy".
Friday newspaper round-up: Insecure work, Stellantis, Nationwide
(Sharecast News) - The UK has seen an "explosion" in insecure, low-paid work in the past 14 years, according to a new report. The TUC said its study had found that the number of people in insecure work had reached a record high of 4.1 million. The analysis of official statistics shows the number of people in "precarious" employment - such as zero-hours contracts, low-paid self-employment and casual or seasonal work - increased by nearly 1 million between 2011 and 2023. - Guardian
Thursday newspaper round-up: Revolut, BT Group, housing market
(Sharecast News) - Pensioners and people on disability benefits are the winners from radical changes to the welfare system made by the Tories over the last decade, while working-age families are losing out by thousands of pounds every year, according to a report by the Resolution Foundation. The Conservatives' 14-year overhaul of social security has shifted spending away from children and housing to supporting elderly people, and broken the link between entitlement and need for some of the poorest households in the country, the report says. - Guardian
Wednesday newspaper round-up: Entain, Invesco, Deltic Energy
(Sharecast News) - The owner of South West Water has warned that global heating will increase the risk of outbreaks of the parasite that caused diarrhoea and vomiting in south Devon. Pennon Group said that "gradual and significant increasing average and high temperatures" could pose "risks to water quality and water treatment" - including the cryptosporidium parasite - in its annual report, published this week. - 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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