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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: Sellafield, CBI, Barclays

(Sharecast News) - Ministers are under pressure to explain the actions of the government and regulators over cybersecurity at Europe's most hazardous nuclear site after a Guardian investigation revealed disturbing vulnerabilities in its networks. The shadow energy secretary, Ed Miliband, called on the government to urgently "provide assurances" about Sellafield, after the Guardian revealed it had been hacked by groups linked to Russia and China. - Guardian The Confederation of British Industry has said it is suffering a "considerable level of financial stress" and there remains "material uncertainty" that it can continue operating in the long term after sexual misconduct allegations. The scandal-hit business lobby group said it was "emerging from an unprecedented situation" that had led to "exceptional costs", warning there was also "material uncertainty arising from the CBI's financial performance since the year end". - Guardian

Barclays' Qatari backers are to halve their stake in the lender in the biggest share sales since the Gulf state rescued the banks during the financial crisis. Qatar Investment Authority (QIA), Barclays second largest shareholder, on Monday launched plans to raise £510m through the sale of shares. - Telegraph

Lloyds Banking Group has scooped an estimated £700 million profit after unexpectedly getting back the entire £1.2 billion it lent to the Barclay family. Analysts are now re-examining their forecasts for the year after the bank was repaid far more than the £500 million at which it is thought to have valued the loan in its books. - The Times

The ownership of UK-listed shares by British pension funds and insurers has slumped to its lowest level since records began, according to official figures. The proportion of the overall London share market owned by those institutions had fallen to 4.2 per cent by the end of last year, from 4.3 per cent in 2020. That compares with 45.7 per cent in 1997 and a high point of 52.1 per cent in 1990. - 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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