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Wednesday newspaper round-up: Twitter, gender pay gap, Channel 4, Uber

(Sharecast News) - Twitter has confirmed it has working on an edit button, but denied the idea came after the company's new largest shareholder, Elon Musk, held a poll on it. For years, editing a tweet already published has been a sought after feature on the site, to correct typos or embarrassing mistakes. Currently people work around it by deleting and reposting the tweet. - Guardian Women in the UK were paid just 90p for every £1 earned by a man, according to the latest figures released through the government's gender pay gap reporting mechanism. Among those high-profile companies reporting particularly large gender gaps was easyJet. According to data filed by the company's larger arm, Easyjet Airline Company, women's median wage stood at just 36p for every £1 that men earned last year. - Guardian

ITV is poised to launch a takeover bid for Channel 4 as it attempts to forge a British super-broadcaster capable of competing with the might of Netflix. Britain's biggest commercial station is understood to have told ministers that it would be interested in making an offer for its state-backed rival, which is to be privatised by 2024 with an estimated price tag of around £1bn. - Telegraph

Uber plans to let users buy train and plane tickets through its app as it looks to move beyond minicabs into an all-encompassing transport hub. Inter-city trains and coaches will be available to book through Uber in the summer, the company said. It plans to let tourists buy plane and Eurostar tickets later in the year. - Telegraph

The Chinese fast-fashion retailer Shein has been valued at $100 billion in a new fundraising, more than the combined market capitalisations of Inditex and H&M, the two biggest clothing companies in the world. Shein has secured the valuation after raising between $1 billion and $2 billion from investors including General Atlantic, Tiger Global Management and Sequoia Capital China. - The Times

Shell received a tax refund of $132 million for its UK North Sea business last year, even as soaring oil and gas prices helped it to deliver global profits of more than $19 billion. The London-based oil group received a tax rebate for the fourth year running thanks to Britain's system of tax relief to help companies with the costs of decommissioning old North Sea fields. The $131.8 million (£100 million) refund from HM Revenue & Customs was higher than the $106.6 million rebate Shell received in 2020. - The Times

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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
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

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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