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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: Mortgages, Twitter, Bulb, Glencore

(Sharecast News) - The chancellor will urge the UK's largest banks to do all they can to support those struggling to pay their mortgage during the cost-of-living crisis when he holds his first talks with chief executives on Wednesday. Jeremy Hunt will host a roundtable with heads of major mortgage lenders, including Debbie Crosbie of Nationwide, HSBC UK's Ian Stuart and NatWest's Alison Rose to discuss the impact of rising interest rates and living costs on customers. - Guardian Joe Biden has agreed a deal to ramp up gas exports from the US to the UK as part of a joint effort to cut bills and limit Russia's impact on western energy supplies. Sunak and Biden announced an "energy security and affordability partnership" and set up a joint action group, led by Westminster and White House officials, with the aim of reducing global dependence on Russian energy. - Guardian

Twitter is said to be under investigation by authorities in San Francisco following reports Elon Musk has built bedrooms in the company's headquarters. Several offices and conference rooms in Twitter's building have been converted into small sleeping quarters as Mr Musk attempts to stamp control on the social media company. - Telegraph

About 1.5 million households supplied by Bulb face months more uncertainty after a judge said a legal challenge against its sale to Octopus Energy could not be heard until next year. The deal is due to complete this year but is subject to a judicial review brought by British Gas, Scottish Power and E.on, who are unhappy at the opacity of the terms and the financial support to Octopus from the government. - The Times

Glencore has cut production guidance across all the commodities it mines a day after committing to pay millions to the Democratic Republic of Congo after admitting to years of corruption. The trading and mining group expects to produce 1,040 kilotonnes of copper next year, down from 1,060kt this year and below consensus guidance of 1,124kt, as its Katanga copper and cobalt mine in the democratic republic was affected by issues with slope movements, grid power instability and higher volumes of acid-consuming ore. - 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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