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Tuesday newspaper round-up: Missguided, Britishvolt, British Airways

(Sharecast News) - Missguided, the online fashion specialist, has called in administrators after failing to secure a rescue bid. Administrators from Teneo were appointed on Monday after the company was issued with a winding-up petition by clothing suppliers who are owed millions of pounds. About 140 jobs are thought to be at risk with one source saying more than 80 people had immediately been made redundant. - Guardian The UK battery startup Britishvolt has said it will invest more than £200m in a new facility in the West Midlands to test manufacturing methods that will be used at the factory is has planned for in Northumberland. The company will lease a site in Hams Hall, Warwickshire, from the warehouse developer Prologis, with equipment installation expected by the end of autumn 2023. - Guardian

British Airways check-in staff are threatening to strike at the height of summer as unions seize on travel chaos to ram through a new pay deal. Bosses at Unite, the trade union, say check-in staff have missed out on pay rises that bring wages in line with pre-pandemic levels. BA has restored management pay to pre-crisis levels, but the airline is refusing to reverse a 10pc cut imposed on blue collar workers during the pandemic, it is claimed. - Telegraph

Supermarkets have warned Boris Johnson that a return to imperial measures would drive up inflation and make the cost of living crisis worse. Reintroducing measurements in pounds and ounces would be a "distraction" from the country's problems and increase grocers' costs according to the British Retail Consortium (BRC), speaking on behalf of the industry's major players. - Telegraph

Businesses are increasingly confident that they can use high inflation to rebuild their margins, a survey has found. Confidence among firms has risen for the first time since the onset of the war in Ukraine, according to the monthly barometer by Lloyds Bank. It rose by five points on the index to reach 38 per cent, significantly higher than the long-term average of 28 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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