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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.

Monday newspaper round-up: Airport workers, supercars, National Grid

(Sharecast News) - More than two in five airport workers are considering quitting, research suggests, which could escalate delays already seen at terminals due to low staffing numbers. A survey of 1,700 workers by the UK jobs site CV-Library found reasons for wanting to leave the industry included wanting better pay and less stress. However, only 5% of respondents blamed the current situation at UK airports, where there have been long delays in recent months. - Guardian

Wealthy people in the UK are splashing out on more luxury supercars than ever before, official figures show. More than 18,000 supercars - such as Ferrari, Bugatti, Aston Martin, Maserati and Koenigsegg models - were registered at UK addresses in 2021, a 19% increase on 2020. Prices range from hundreds of thousands to more than £1m each, but concerns about the economy and the cost of living crisis for people on more modest incomes has done nothing to dampen enthusiasm for the trophy vehicles. - Guardian

National Grid was forced to issue an emergency appeal to Belgium to keep Britain's lights on as the market was roiled by surging prices ahead of a looming winter crisis. The power network's electricity system operator (ESO) issued an emergency instruction to operators of the Nemo cable running between Belgium and the UK to make sure supplies were sent to Britain last week, after failing to secure enough in the normal market. - Telegraph

Britain's next prime minister must accelerate the pursuit of trade deals to prevent a further sharp rise in costs as global supply chains are overhauled, according to the country's leading business group. Tony Danker, director-general of the CBI, warned that the West's shift away from countries including Russia and China risked becoming "incredibly expensive" for consumers as companies stopped sourcing goods from the "cheapest and most economically efficient" markets. - The Times

The number of jobs being advertised offering bonuses has more than doubled since the start of last year, as employers seek to fill staff shortages without committing to inflation-proof pay rises. Mounting concerns that the UK is headed into an economic downturn have led companies to contain costs while trying to attract talent amid record levels of vacancies. - The Times

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Sunday share tips: Moneysupermarket, Impax
(Sharecast News) - Lucy Tobin at the Sunday Times tipped shares of Moneysupermarket, arguing that the energy sector would recover at some point.
Friday newspaper round-up: Energy price cap, Mike Lynch, News Corp
(Sharecast News) - The energy price cap in Great Britain will fall to the equivalent of £1,568,a year this summer after a drop in wholesale gas prices. Set by the energy regulator, Ofgem, the cap reflects the average annual dual-fuel bill for 29m households and takes effect from July until the end of September. The cap, which is set quarterly, will fall £122 in July from its current level of £1,690, easing the pressure on household finances. - Guardian
Thursday newspaper round-up: Mike Lynch, smart meters, Very Group
(Sharecast News) - San Francisco federal courthouse on Thursday as a key witness in his own criminal fraud trial, which began in March. US authorities have charged the former software tycoon with 16 counts of wire fraud, securities fraud and conspiracy relating to his company's acquisition deal with Hewlett-Packard in 2011. If convicted, Lynch faces up to 25 years in prison. He has pleaded not guilty. - Guardian
Wednesday newspaper round-up: Anglesey power station, electric cars, Eurostar passengers
(Sharecast News) - Ministers have earmarked north Wales as the site of a large-scale nuclear power plant, which is part of plans to resuscitate Britain's nuclear power ambitions. Wylfa on Anglesey (Ynys Môn) has been named as the preferred site for the UK's third major nuclear power plant in a generation, coming after EDF's Hinkley Point C nuclear plant, which is under construction in Somerset, and its Sizewell C nuclear project planned for Suffolk. - 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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