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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: 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
Tuesday newspaper round-up: Pharma companies, Puig, Thames Water
(Sharecast News) - Rachel Reeves has said an incoming Labour government would launch a £5bn crackdown on tax avoiders to close a gap in its spending plans exposed by Jeremy Hunt scrapping the non-dom regime to finance tax cuts. Warning households and businesses that Labour was prepared to adopt tough measures to tackle tax fraud and non-compliance, Reeves said the funding would be used to pay for free school breakfast clubs and additional NHS appointments. - Guardian
Monday newspaper round-up: Boeing, rent rises, e-scooters, Santander UK
(Sharecast News) - US airline regulators have launched an investigation after an engine cowling on a Boeing plane fell off during takeoff and struck the wing flap. The Southwest Airlines flight 3695 rose to about 10,300ft (3,140 metres) before returning safely 25 minutes after takeoff to Denver international airport at about 8.15am local time on Sunday. It was towed to the gate after landing. The Boeing aircraft with 135 passengers and six crew members aboard had been headed to Houston. No one was injured. - 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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