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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: EV charging network, net zero targets, St James's Place

(Sharecast News) - Almost £1bn meant to help build Britain's electric vehicle charging network remains unallocated more than three years after it was first announced by Rishi Sunak. Promised in March 2020 before the first Covid lockdown in Sunak's early weeks as Boris Johnson's chancellor, the "rapid charging fund" was meant to support electrical capacity at motorway service stations. It was intended to help fund upgrades to the grid so that more electric cars can be rapidly charged at the same time. - Guardian Rishi Sunak faces further pressure over his U-turn on net zero targets, after the head of the world's energy watchdog said countries that water down green policies risked worsening the climate crisis and damaging their own economies. In its annual report, the International Energy Agency (IEA) hailed the gathering pace of the worldwide transition to cleaner energy, forecasting for the first time that demand for oil, gas and coal would peak before the end of the decade. - Guardian

London-based landlords are shunning investment in the capital to buy more lucrative properties in the North. Around two-thirds of London's buy-to-let investors who have bought properties this year have done so in other parts of the country. The North of England has received the greatest boost from the shift as it now accounts for 24pc of all purchases by London landlords. - Telegraph

St James's Place has suspended dealings in its property unit trust, the latest fund investing people's savings in UK commercial property to be gated as clients look to get out of the struggling market. The wealth manager's move means investors cannot take out or put in more money for the time being. The offices, warehouses and shops in the trust were last valued at £826 million. - The Times

Investors from the Middle East are choosing properties in London over rival international centres, given the "availability of diverse assets" in the capital. According to research from Al Rayan Bank, one of Britain's largest Islamic banks, London "remains the primary focus" for investors thanks to its combination of strong rental growth, surplus demand and its status as a "reliable location for safe returns". - 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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