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Tuesday newspaper round-up: Rail strikes, Tesla, house prices, Citymapper, retail footfall

(Sharecast News) - A generation of passengers will be put off travelling by train for good because of industrial action, ministers fear, as Britain enters the worst week of rail disruption for 30 years. Millions of people have been advised to avoid using the railways as the country faces five days of industrial action, effectively delaying the return to offices by a week as an estimated 80,000 trains are cancelled. - The Times Tesla fell short of its target to increase deliveries of its electric cars last year as the electric car maker battled a share price slide, surging inflation and an economic slowdown in China. In 2022, Tesla delivered 1.31m electric cars, missing founder Elon Musk's declared aim of achieving 50pc year-on-year growth. - Telegraph

Footfall on Britain's high streets and shopping centres plunged by more than a quarter in the week after Christmas compared with the week before, figures show. Shoppers opted to stay at home, as last week footfall was 27.7% lower than the week before and 19.7% down on the same week in 2019, retail data analysts Springboard said. - Guardian

House prices are on course to suffer their biggest decline since the financial crisis, with economists warning of a market "correction" this year caused by rising borrowing costs and a likely recession. Two thirds of economists surveyed by The Times expected house prices to fall by more than 4 per cent, with most warning of near-double-digit declines, making 2023 the worst year for the housing market since 2009. - The Times

Citymapper's losses have widened to £7.4m as the travel app struggles to turn its popularity into revenue growth. The London travel start-up, which developed a mapping and transport app used by millions, reported revenues of £5.1m in the year ending in December 2021, down from £5.4m the previous year. - Telegraph

Pubs and restaurants face a "perfect storm" of challenges this year as cash-strapped consumers slash spending and the government reduces its energy bills support - forcing many to cut their opening hours. The industry faced a plethora of challenges in 2022, including soaring energy bills, staffing shortages, rampant food inflation and fragile consumer confidence. - Guardian

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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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