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Tuesday newspaper round-up: Driver shortage, unemployment, commercial rents

(Sharecast News) - Gaps on supermarket shelves are likely to continue for several months unless the government does more to tackle the labour crisis hitting haulage firms, suppliers have warned. Logistics and hauliers' organisations said August would be a pinch point in the shortage as workers take summer breaks, while firms offering bonuses and sign-on fees to recruit drivers were not helping matters. - Guardian The ending of the government's furlough scheme will lengthen dole queues by 150,000 despite a boost to activity from the ending of lockdown that will make the UK the fastest-growing G7 nation this year, a leading thinktank has said. In its quarterly update on the UK, the National Institute of Economic and Social Research (Niesr) said it had revised up its 2021 growth forecast from 5.7% to 6.8%. - Guardian

Reese Witherspoon has sold a majority stake in her female-focused production company in a deal that values the venture at about $900m (£650m). Hello Sunshine, which produced the HBO drama Big Little Lies and The Morning Show for Apple TV+, was founded by the actress in 2016 to produce television series centred on female leads. - Telegraph

The communities secretary is facing renewed calls from commercial tenants to force landlords to waive at least 50 per cent of rent debts built up during the pandemic. The Commercial Tenants Association, which represents 500 businesses ranging from insurers to retailers, has written to Robert Jenrick proposing that the government adopt an Australia-style model to address the billions of pounds in rent debts. - The Times

The economy will grow faster than initially expected this year and policymakers should make it clear that they are ready to curb rising inflation, a leading think tank has said. In its latest forecasts, the National Institute of Economic and Social Research said that the economy would expand by 6.8 per cent this year, up 1.1 percentage points from its May report, even though the spread of the Delta variant of coronavirus has created new uncertainty. - 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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