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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: Miller & Carter, UK car industry, Tesla

(Sharecast News) - Miller & Carter, the steakhouse chain owned by the nationwide pub group Mitchells & Butlers, has been criticised for taking payments from waiting staff worth up to 2% of the sales they serve up, cutting their income during the cost of living crisis. The payments are intended as a way for waiting staff to share tips with chefs and other back of house workers. - Guardian The UK car industry has said incoming tariffs between the UK and the EU could raise the price of imported electric cars by as much as £3,400 unless a solution is found by the end of the year. The Brexit trade deal between the UK and EU gave carmakers until 1 January 2024 to source batteries from within Europe or face 10% tariffs when exporting to each other. However, the supply of European-made batteries has failed to meet demand, meaning carmakers face the new tariffs from next year under these "rules of origin". - Guardian

Tesla has cut the price of its entry-level Model 3 car in Britain in the latest effort to boost demand for its electric vehicles amid growing competition and sluggish sales. The car maker began selling a new version of the Model 3 on Tuesday for £39,990, £3,000 cheaper than the previous cheapest version. - Telegraph

The Telegraph's administrators have set up a company to hold the newspaper's assets as Lloyds Banking Group continues with efforts to seize Barclay family holdings before a sale of the broadsheet title. The directors running the Telegraph on behalf of the bank have been appointed to a new entity before an auction that is expected to generate up to £600 million. - The Times

The proportion of first-time, female and minority ethnic candidates who were appointed non-executive directors of the UK's largest listed companies fell sharply last year, according to a survey carried out by the recruitment firm Spencer Stuart. Diversity on the top 150 UK boards dropped as companies opted to hire those with prior experience in times of uncertainty instead. - 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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