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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: Water companies, Amazon, Post Office

(Sharecast News) - Water companies could be forced to pay their customers hundreds of millions in fines due to sewage pollution, a leading firm specialising in corporate wrongdoing has said. Fideres LLP, which has conducted investigations into issues ranging from Covid test prices to cryptocurrency scams, is now setting its sights on England's water companies. - Guardian Amazon is planning to dismiss about 10,000 people in corporate and technology jobs starting as soon as this week, the New York Times reported on Monday, citing people with knowledge of the matter. The cuts would be the largest in Amazon's history and come as other tech companies including Meta and Twitter are also shedding workers. - Guardian

The head of the Post Office has warned that soaring energy bills risk causing swathes of local branches to close unless government support is extended. Nick Read urged Jeremy Hunt, the Chancellor, to consider the cost to communities of not providing extra help for post offices to pay their energy bills from April as soaring prices put many branches under threat. - Telegraph

Nine in ten economically inactive over-50s are considering returning to work as the soaring cost of living looks set to force people into new jobs. Since the beginning of the pandemic, the number of people aged 50 to 64 classed as economically inactive has risen by 3.6 million, or 10 per cent, with many taking early retirement. - The Times

A billion-dollar freezing order has been imposed on the former chief executive of NMC Healthcare after a judge said his LinkedIn profile showed he was involved in its accounting. Prasanth Manghat, 47, is accused of being a key figure in an alleged fraud to conceal $6 billion of company debts. Manghat joined the collapsed private hospital operator in 2009 and was promoted to be its chief executive in 2017. The company collapsed three years later. - The Times

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(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
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(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

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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