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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: Epic Games, Adobe, BAT

(Sharecast News) - Bank of England concerns over the high level of pay awards are likely to be eased in the coming months as wage settlements fall in response to a tumbling annual inflation rate, a thinktank has said. The Resolution Foundation said recent strong growth in earnings was primarily caused by a sharp increase in the cost of living, with workers trying to prevent their living standards being eroded. - Guardian Epic Games, maker of Fortnite, has prevailed in an antitrust trial over Alphabet's Google Play app marketplace, Epic's chief executive said on Monday, hours after the federal jury took up the case. "Victory over Google! After 4 weeks of detailed court testimony, the California jury found against the Google Play monopoly on all counts. The Court's work on remedies will start in January," Tim Sweeney wrote in a post on X, formerly known as Twitter. - Guardian

The world is edging towards a "new Cold War" that risks "annihilating" free trade as we know it, the deputy managing director of the International Monetary Fund (IMF) has warned. Gita Gopinath said "growing fault lines" in the global economy, such as tensions between the US and China and Russia's invasion of Ukraine, had created permanent shifts in the way countries do business. - Telegraph

With a population of around 3,000, Fordham, Cambridgeshire, is not known to be a hotbed of organised crime. But for Jonathan James, who opened a new Fresh & Proper shop in the village with his son Joshua in June, it has become the site of an ongoing battle with shoplifting gangs. - Telegraph

The UK competition regulator is stifling innovation and entrepreneurship by taking too long to make decisions, according to a senior Adobe executive who is overseeing its $20 billion takeover of Figma. In an interview with The Times, David Wadhwani, president of Adobe's Digital Media business, said: "The process should not take 15 months to get to the stage. I think we can all agree that expediting these kinds of decisions is important for innovation and for doing the right thing by consumers and customers to make these decisions faster and move more quickly." - The Times

A secretive Cayman Islands-based tycoon, one of the largest shareholders in British American Tobacco, has raised his stake in the maker of Dunhill and Lucky Strike following a share sell-off in the cigarette company last week. Spring Mountain Investments, the vehicle of Kenneth Dart, a billionaire heir to an American foam cups fortune, has increased his position to 10 per cent from 9 per cent, new stock market filings show. - The Times

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Sunday share tips: PPHE, Keystone Law
(Sharecast News) - The Financial Mail on Sunday's Midas column labelled shares of PPHE an "attractive long-term buy" citing their valuation.
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

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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