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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: Prepayment meters, Morrisons, BMW

(Sharecast News) - Millions of vulnerable UK households on prepayment meters could see their energy bills consume almost a third of their incomes this winter. As temperatures drop across the country, the Resolution Foundation said a combination of higher gas and electricity prices and the typical seasonal increase in energy usage over the colder months would hit poorer families most. - Guardian Morrisons shoppers have been left unsure whether their Christmas orders will arrive on time after the supermarket chain was hit by IT problems, prompting the retailer to offer discounts. The supermarket chain is giving loyalty card holders 10% off an entire shop on Monday and on Christmas Eve after a glitch hit the promotional scheme, and it discounted prices on some items for all shoppers. - Guardian

BMW has admitted to selling more than 100 high-end cars to Russians despite international sanctions. The German carmaker confirmed a report by Business Insider that revealed premium cars had been sold to Russian buyers, despite an embargo on car exports to the country introduced after the Kremlin launched its full-scale invasion of Ukraine. - Telegraph

The drug technology company BenevolentAI is looking at relisting from 2026 - and would consider floating in London. BenevolentAI announced plans this month to delist from Euronext Amsterdam alongside further job losses and cost-cutting after its founder, Ken Mulvany, regained control of the board following an activist campaign. - The Times

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Wednesday newspaper round-up: Worklessness crisis, telecoms companies, fuel duty
(Sharecast News) - Employers have been told in a landmark government review that fixing Britain's health-related worklessness crisis will require them to spend £6bn a year on support for their staff. In a major report before this month's budget, Charlie Mayfield warned that businesses needed to play a more central role in tackling a rising tide of ill-health that is pushing millions of people out of work. - Guardian
Tuesday newspaper round-up: Ofwat, Budget, law firms
(Sharecast News) - More than $70tn (£53tn) of inherited wealth will pass down the generations across the world over the next decade, widening inequality and highlighting the need for intervention by the G20 group of leading nations, a group of economists and campaigners have warned. In a report ahead of the G20 meetings in Johannesburg, hosted by the South African government later this month, the expert panel said the gap in global wealth between rich and poor will widen over the next decade without a permanent monitoring group such as the UN Intergovernmental Panel on Climate Change. - Guardian
Monday newspaper round-up: Tax rises, US billionaires, national debt
(Sharecast News) - The prospect of looming tax rises and a fall in business investment will restrict the UK's economic growth rate next year to less than 1%, according to a health check of the economy by a leading consultancy. With less than four weeks before Rachel Reeves delivers her budget on 26 November, the EY Item Club has downgraded Britain's growth for next year, indicating that the economy will continue to expand at a sluggish pace, limiting tax receipts and the chancellor's financial room for manoeuvre. - Guardian
Friday newspaper round-up: Energy customers, Apple, copper prices
(Sharecast News) - Almost 2 million energy bill payers could be owed a share of £240m from old accounts that were closed while still in credit, according to the regulator. The latest figures from Ofgem show that about 1.9m energy accounts were closed over the past five years, with outstanding credit balances totalling £240m left unclaimed. - 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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