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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.

Wednesday newspaper round-up: Boeing, Hinkley Point C, IDS

(Sharecast News) - Fake reviews and unavoidable hidden online charges - which cost consumers £2.2bn a year - are to be banned under new laws to force businesses to be more clear with shoppers. Under the new rules, which will become law as part of the digital markets, competition and consumers bill currently progressing through parliament, mandatory fees must be included in the headline price or at the start of the shopping process, including booking fees for cinema and train tickets. - Guardian A nose wheel fell off a Delta Air Lines Boeing 757 passenger jet and rolled away as the plane lined up for takeoff over the weekend from Atlanta's Hartsfield-Jackson international airport in the US, according to the Federal Aviation Administration (FAA). According to a preliminary FAA notice, none of the 184 passengers or six crew members aboard were hurt in the incident. - Guardian

Hinkley Point C will cost as much as £35bn to complete and will come online up to four years later than planned, its French developer has said. EDF on Tuesday said the cost of building Britain's first new nuclear power station in a generation had risen by as much as £10bn after delays to construction and inflation to costs. - Telegraph

Treasury officials advised Rishi Sunak that cutting taxes would have little impact on growing the economy and he should instead focus on boosting immigration. According to leaked Treasury documents presented to Mr Sunak's senior team in late 2022 before he became prime minister, civil servants said personal tax cuts would have a "low impact" on boosting growth despite coming at a "medium fiscal cost". - Telegraph

The chairman of Royal Mail owner International Distributions Services has argued that a six-day delivery service should not be preserved for "nostalgic" reasons ahead of potential reform of the lossmaking mail operator. On Wednesday Ofcom, the regulator, is expected to release the findings of its review of the universal service provided by Royal Mail after calls from the company to ditch Saturday letter deliveries. - The Times

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Thursday newspaper round-up: X, Marks & Spencer, Volvo
(Sharecast News) - More than a quarter of advertisers are planning to cut spending on Elon Musk's X over concerns about the social media platform's content and trust in the information disseminated, according to new global research. Advertising revenue flowing to X has been in freefall since Musk bought the site, then known as Twitter, for $44bn (£38bn) in October 2022, claiming it had not lived up to its potential as a platform for "free speech". - Guardian
Wednesday newspaper round-up: Councils, Apple, offshore wind farms
(Sharecast News) - Spending on the UK live music sector and associated businesses has hit a record £6.1bn as a wave of huge acts from Elton John to Beyoncé cashed in on the pent-up demand to attend shows in person. Live, the federation representing Britain's live music industry, revealed that the sector's contribution to the UK economy topped £6bn for the first time last year, as fans denied live experiences in the Covid pandemic rushed to snap up tickets. - Guardian
Tuesday newspaper round-up: Electric cars, Manchester, Mountain Warehouse
(Sharecast News) - Campaigners have called on the chancellor to introduce a controversial pay-per-mile road charging scheme on electric cars, warning of a £5bn "black hole" in tax revenues from motoring. In a letter to Rachel Reeves, the Campaign for Better Transport (CBT) urged her to reform vehicle taxes, with fuel duty poised to dwindle in the coming decade as petrol and diesel cars are phased out. - Guardian
Monday newspaper round-up: Ride-hailing apps, ticket prices, Abercrombie & Kent
(Sharecast News) - Uber and other ride-hailing apps should be forced to publish data on drivers' workloads so that regulators can tackle exploitation and cut carbon emissions, campaigners argue. Analysis by the pressure group Worker Info Exchange suggests drivers for Uber and its smaller rivals may have missed out on more than £1.2bn in wages and costs last year because of the way they are compensated. - 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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