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Wednesday newspaper round-up: HSBC, fracking, Discovery

(Sharecast News) - HSBC is to shut a further 69 branches, on top of the 82 it axed last year, claiming the pandemic has accelerated the shift to digital banking. It is the latest in a line of banks to announce it is reducing its network in response to changing customer habits. Consumer organisation Which? said the number of closures during the last few years was "alarming" and that millions of people were not yet ready or able to go fully digital. - Guardian The prospect of fracking in England has been dealt another blow as only a handful of MPs for constituencies with exploration licences support the measure in their area, the Guardian can reveal. When asked if they would support fracking in their constituencies, only five of the 138 MPs said they would. Forty one said they would be against it, while the rest did not reply, or declined to comment. - Guardian

Elon Musk has blamed the soaring cost of parts for raising the price of every Tesla model. The electric car maker has increased the cost of its cars in the UK in recent days and raised them twice in the US and China over the past week. Its cheapest car in Britain, the Model 3, now costs £43,990, or £1,000 more than earlier this month. The price of the Long Range version is now £2,000 higher. - Telegraph

The boss of Discovery received a total pay package worth $246.6 million last year as the American media group prepares for its blockbuster merger with WarnerMedia. David Zaslav's overall compensation, which includes stock options worth almost $203 million, is more than double that of any other disclosed by a S&P 500 company for 2021 so far. His base salary remained at $3 million, according to a market filing. His pay was boosted by stock awards worth $13.1 million and bonus payments of $26.4 million, on top of the vast tranche of options handed to him last spring. - Telegraph

Regulators are investigating possible conflicts of interest at America's biggest accounting firms, such as Deloitte, EY, KPMG and PwC. The US Securities and Exchange Commission is looking into whether consulting and other non-audit services sold by the firms undermine their ability to conduct audits independently, sources confirmed to The Times. The investigation was first reported by The Wall Street Journal. - Telegraph

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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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