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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: Drax, BT, Royal Mail, Heathrow

(Sharecast News) - Drax has received permission from the government to fit carbon capture technology to its wood-burning power plant, in a project that could cost bill-payers more than £40bn. The energy secretary, Claire Coutinho, on Tuesday approved the project to convert two of its biomass units to use the technology. - Guardian BT has become the first major telecoms company to scrap controversial above-inflation price rises for mobile and broadband customers - but not before pushing through a final increase this year. The owner of mobile operator EE has moved to address the pressure on consumers from rising household costs during the cost of living crisis, after telecoms companies were criticised for increasing bills. - Guardian

Royal Mail has warned that it may need a taxpayer bailout to keep the postal service afloat amid a sharp decline in letter sending. Martin Seidenberg, the chief executive, said it was "simply not sustainable" to maintain a delivery network built for 20bn letters when the company was now only delivering 7bn. - Telegraph

A director of the competition regulator has pledged to recuse himself from any review of the Abu Dhabi-backed takeover of The Telegraph owing to potential conflicts of interest. Murdoch MacLennan, a non-executive board member of the Competition and Markets Authority (CMA), was chief executive of Telegraph Media Group between 2004 and 2017. - Telegraph

Banks could face a £10 billion compensation bill for unfair car finance deals, analysts have suggested. Last week the Financial Conduct Authority said it would investigate whether those who took out loans before January 2021 were unfairly charged more expensive interest rates in return for higher levels of commission paid to car dealers. - The Times

Heathrow, Britain's gateway to the world, faces further turmoil after investors accounting for 35 per cent of the airport said they are selling up. Their decision to quit follows the sale of its 25 per cent stake in the airport by the largest shareholder, Ferrovial. - The Times

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Sunday share tips: PPHE, Keystone Law
(Sharecast News) - The Financial Mail on Sunday's Midas column labelled shares of PPHE an "attractive long-term buy" citing their valuation.
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

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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