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Wednesday newspaper round-up: THG, Twitter, European aviation

(Sharecast News) - The troubled online beauty retailer THG faces more pain after a leading credit insurer reduced cover to its suppliers. The Guardian can reveal that Allianz Trade, one of the UK's largest credit insurers, cut back cover for suppliers to the beauty-to-nutrition retailer, formerly known as the Hut Group, in recent weeks. - Guardian As the cost of living crisis continues to ravage people's incomes, it has emerged that almost 2m households have defaulted on at least one significant bill in the run-up to Christmas. According to the latest findings from Which?'s consumer insight tracker, an estimated 1.9m households failed to make at least one mortgage, rent, loan, credit card or other bill payment over the last month. - Guardian

Mick Lynch has held secret talks with Network Rail bosses amid hopes that he will sue for peace in the New Year as public support for train strikes crumbles. The RMT trade union general secretary and his deputy Eddie Dempsey met Network Rail's representatives in a hastily-arranged meeting on Tuesday morning, The Telegraph can disclose. - Telegraph

Elon Musk has said he will quit as chief executive of Twitter as soon as he has found "someone foolish enough" to take over. The Tesla billionaire was "actively searching" for a new Twitter boss on Tuesday, CNBC reported, despite having made comments that cast doubt over whether he was prepared to step down. - Telegraph

The government has ordered the sale of a regional broadband provider owned by LetterOne, the oligarch-backed investment company, over national security concerns. LetterOne agreed to finance Upp last year as part of a £1 billion investment plan to provide a regional full-fibre broadband network for a million premises in eastern England by 2025. - The Times

The European aviation industry has formally confirmed what many airlines and airports have been privately warning for months: air travel will not recover to pre-pandemic levels until 2025. ACI Europe, the European division of the Airports Council International professional body, has downgraded its forecasts for 2023 stating that it thinks 220 million fewer passengers will fly around the Continent than in 2019, a shortfall of 9 per cent. - The Times

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Sunday newspaper round-up: Al-Assad, Argentina, Aviva
(Sharecast News) - Syrian President Bashar al-Assad's regime appeared to collapse on Sunday morning, after rebels entered the capital Damascus. Assad's whereabouts are not clear but Moscow or Tehran are possibilities. One source told Reuters that Assad's plane disappeared off the radar when it was headed towards the country's coastal region. It made an abrupt turn before vanishing from the map. The pilot may have turned off the transponder but it's more likely that it was shot down. - Sunday Times
Friday newspaper round-up: Boeing, Boohoo, nuclear power stations
(Sharecast News) - Ten years ago, marketing executives at Britain's biggest supermarket had a brainwave: might slashing the price of basic vegetables tempt shoppers to do their Christmas shop with them? Tesco, under chief executive Dave Lewis, was trying to revive a business reeling after falling sales, five profit warnings and an accounting scandal. That promotion in December 2014, dubbed its Festive Five, offered bags of carrots, potatoes, brussels sprouts, parsnips and a cauliflower for 49p each. - Guardian
Thursday newspaper round-up: Airbus, Boohoo, Home Reit
(Sharecast News) - Ministers are considering renationalising British Steel in a last-ditch attempt to save thousands of jobs, amid a standoff between the government and the company's Chinese owners over a £1bn investment. Jonathan Reynolds, the business secretary, is locked in talks with British Steel and its owner, Jingye, to agree how much each party should put into a rescue plan for its main Scunthorpe site. - Guardian
Wednesday newspaper round-up: British Steel, nuclear power plants, South Western Railway
(Sharecast News) - Ministers are considering renationalising British Steel in a last-ditch attempt to save thousands of jobs, amid a standoff between the government and the company's Chinese owners over a £1bn investment. Jonathan Reynolds, the business secretary, is locked in talks with British Steel and its owner, Jingye, to agree how much each party should put into a rescue plan for its main Scunthorpe site. - 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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