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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: Telecoms, Greggs, Tony Danker

(Sharecast News) - A trio of telecoms firms have been accused of overcharging hundreds of thousands of landline-only customers by almost £200m, according to research. Economists at Fideres argue that almost 600,000 UK landline-only customers have been charged "excessive" prices since 2009. - Guardian The bakery chain Greggs is to appeal against a ban preventing a central London outlet from selling hot food through the night after police claimed it could lead to a spike in crime and disorder. The company was last summer refused an overnight licence to open its store in Leicester Square between between 11pm and 5am amid claims it could become a "hotspot for late-night disturbances and antisocial behaviour". - Guardian

The former head of the CBI has said he has been made the "fall guy" for a wider crisis within Britain's biggest business lobbying group, amid allegations of drug use and rape. Tony Danker said his reputation has been "totally destroyed" by the misconduct claims, which were unrelated to his dismissal but came to light around the same time. - Telegraph

The leading shareholder in HSBC has accused the bank's bosses of being "closed-minded" about a break-up as Ping An detailed for the first time its plan to spin off the lender's Asian division. The Chinese insurer, which owns an 8 per cent stake, claimed that the FTSE 100 bank had "refused to verbally engage in discussions" on its proposals and had "exaggerated many of the costs and risks". It had been "extremely disappointed" by the "consistent closed-minded attitude" displayed by executives at the British group. - The Times

Lawyers for Jes Staley have been given the chance to question the former Barclays chief executive's ex-boss at JP Morgan over allegations surrounding the crimes of Jeffrey Epstein. Jamie Dimon, JP Morgan's veteran chairman and chief executive, has been ordered by a federal judge to set aside two days for questioning under oath as America's largest bank grapples with legal action over its former ties with Epstein, the paedophile. - 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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