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Tuesday newspaper round-up: Morrisons, gambling ads, airlines

(Sharecast News) - Morrisons has warned its profits are likely to take a significant hit this year as the cost of living crisis and disruption due to the war in Ukraine weigh on the grocery market. The UK's fourth largest supermarket chain said "developments in the geopolitical environment" and "ongoing and increasing inflationary pressure" since the beginning of February were hitting consumer sentiment and spending. - Guardian Gambling and betting companies will be banned from using advertising featuring top-flight footballers and other sports personalities, as well as reality TV and social media stars, under new rules designed to protect under-18s and other vulnerable groups. The changes, set out by the body responsible for the UK code for advertising, will mean that past betting and gambling marketing that features stars and celebrities such as Cristiano Ronaldo, José Mourinho, Michael Owen and Harry Redknapp, would not be allowed in the UK. - Guardian

Airline chiefs have sought to blame the Government for widespread disruption to Easter travel as passengers faced cancelled flights and massive queues at airport security amid a severe shortage of staff. Customers were stuck in hours-long queues as airports were unable to open all of their security gates on Monday, with over 120 flights cancelled and hundreds more expected to be called off in the coming days. - Telegraph

Britain is not set for a repeat of the 1970s and war in Ukraine could lead to lower inflation than previously expected, a senior Bank of England official said. Sir Jon Cunliffe, deputy governor for financial stability, said there was a risk the conflict could lead to inflation undershooting the 2 per cent target. - The Times

MPs on a leading Commons committee have accused the prime minister of saying he would conduct a national security inquiry into the Chinese takeover of a semiconductor factory - then doing nothing about it. Tom Tugendhat, the Conservative chairman of the foreign affairs select committee, has demanded that Boris Johnson answers questions on Newport Wafer Fab, the UK's largest microchip wafer fabricator, which last summer agreed a £63 million takeover by Nexperia, a Chinese technology subsidiary. - 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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