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Wednesday newspaper round-up: Airport chaos, shop prices, Brewdog

(Sharecast News) - The International Air Transport Association (Iata) has blamed the half-term gridlock besetting UK airports on a problem with getting clearances for new staff, saying the time taken to approve recruits has more than tripled. Willie Walsh, director general of Iata, said it was now taking as long as three months to get security badges for new employees in the UK, compared with three to four weeks previously, meaning potential staff were seeking out other jobs. - Guardian Shop prices accelerated in May at the fastest rate in more than a decade, according to new figures that reveal the pressure on retailers to pass on the cost of rising energy bills and the soaring price of imports. Amid warnings that consumers face further pain in the summer from high street and online price hikes, the latest shop price index from the British Retail Consortium and NielsenIQ revealed retail price inflation of 2.8% in May, the highest figure since July 2011. - Guardian

Eighteen miles off the coast of Yorkshire, and more than a mile underneath the seabed, lies a gigantic sandstone reservoir where 70pc of the UK's gas reserves were once held. The Rough field, in the North Sea Basin, fulfilled this purpose for three decades before being closed in 2017 by Centrica, the parent company of British Gas. Now, however, as Vladimir Putin's threats to Europe's gas supplies loom large, the ageing structure may be brought out of retirement, with ministers trying to brace Britain's energy system against disruptions. - Telegraph

Brewdog, the brewer and pubs group, has narrowed its annual loss after its revenue grew by 21 per cent. The company's annual results show revenue including duty was at £286 million in 2021, up from £238 million in the previous year, helping to narrow its pre-tax loss to £9.4 million, down from a £12.5 million loss in 2020. - 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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