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Wednesday newspaper round-up: Thames Water, Anglian Water, Telegraph, Greenergy

(Sharecast News) - Two of Britain's biggest water companies, Thames Water and Anglian Water, face more than 50 criminal investigations between them as part of a crackdown on sewage dumping, the government has said. The utilities were subject to the bulk of a record 81 investigations into water companies between last July's general election and March 2025, according to new data. - Guardian A £25m post-Brexit border control post in Portsmouth may have to be demolished if the UK government's deal with the EU removes the need for health and veterinary checks on food imports, according to the port's director. Mike Sellers had already spoken out last year about how more than half of the site would never be used because planned checks on EU food and plant products had been pared back since it was designed, leading to the building being called a "white elephant". - Guardian

Tory peers are poised to defy their party leadership and seek to block a deal to hand the United Arab Emirates a stake in The Telegraph. A split has emerged since Lisa Nandy, the Culture Secretary, said last week that she would change the law to allow foreign states to own up to 15pc of British newspapers. - Telegraph

Ed Miliband must consider raising taxes or gas bills if the UK is to have any hope of hitting net zero, the Government's climate change quango has warned. To ensure his flagship policy succeeds, the Climate Change Committee (CCC) said the Energy Secretary needs to remove green levies from household power costs. However, to pay for this, it said the levies should be shifted onto gas bills or covered by general taxation. The quango stopped short of saying which one it preferred. - Telegraph

One of Britain's four remaining biodiesel plants is at risk of being shut because of competition from subsidised American imports, in the latest sign of distress in the biofuels sector. Greenergy, owned by the commodities trading giant Trafigura, said that it had temporarily suspended operations at its Immingham site in Lincolnshire while it conducted "a strategic review to evaluate the plant's commercial viability amid the significant challenges facing the UK biofuels industry". - The Times

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Thursday newspaper round-up: Höfner, Sotheby's, Christie's
(Sharecast News) - Ministers and senior MPs have warned that the UK's agreements with Donald Trump are "built on sand" after the Guardian established that the deal to avoid drug tariffs has no underlying text beyond limited headline terms. The "milestone" US-UK deal announced this month on pharmaceuticals, which will mean the NHS pays more for medicines in exchange for a promise of zero tariffs on the industry, still lacks a legal footing beyond top lines contained in two government press releases. - Guardian
Wednesday newspaper round-up: Grangemouth ethylene plant, Warner Bros, ChatGPT
(Sharecast News) - Jim Ratcliffe's chemicals company Ineos has been granted £120m of government funding to help save the UK's last ethylene plant at Grangemouth, in a deal expected to protect more than 500 jobs. The investment in the Scottish plant was necessary to preserve a vital part of the country's chemicals infrastructure, the UK government said. The ethylene produced there was essential for medical-grade plastics production, water treatment and in aerospace and car-building, it added. - Guardian
Tuesday newspaper round-up: Nissan, Morrisons, Ford
(Sharecast News) - Nissan has started the production of its latest electric car in Sunderland, a crucial step in the UK automotive industry's transition away from petrol and diesel. The Japanese manufacturer will launch the third generation of the Leaf on Tuesday, which was the first mass-market battery electric car to be built in the UK. Nissan has made 282,704 Leaf models at the north-east England plant so far. - Guardian
Monday newspaper round-up: Cryptocurrencies, jobs downturn, Cycle Pharma
(Sharecast News) - Cryptocurrencies will be regulated in a similar way to other financial products under legislation coming into force in 2027. The Treasury is drawing up rules that will require crypto companies to meet a set of standards overseen by the Financial Conduct Authority (FCA). Ministers have sought to overhaul the crypto market, which has ballooned in popularity as a way of investing money and making payments. Cryptocurrencies have not been subject to the same regulation as traditional financial products such as stocks and shares, which means that in many cases consumers do not enjoy the same level of protection. - 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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