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Monday newspaper round-up: French elections, British Airways, Partygate, Twitter, non-doms

(Sharecast News) - Emmanuel Macron won a resounding victory against Marine Le Pen in the presidential run-off, becoming the first French modern head of state to secure re-election while holding executive power. Macron, 44, won with 58.5 percent of the vote against Le Pen's 41.5 per cent after an aggressive second-round campaign in which he cast the leader of the National Rally as a far-right threat to democracy and European security. - The Times British Airways is setting up its maiden overseas base for short-haul flights to combat staff shortages that have sparked the worst wave of cancellations in a decade. The UK flag carrier is to open a cabin crew base in Madrid as bosses scramble to avoid the recent travel chaos lasting throughout the summer. - Telegraph

Britain's hopes of a favourable post-Brexit trade deal with the US risk being undermined by the government's lack of engagement on workers' rights, trade unions have warned. As a second round of US-UK talks begins this week, union leaders from both countries said Washington would push for a "worker-centred approach to trade" to help unlock a deal. - Guardian

A Whitehall report into lockdown-breaking parties in Downing Street is so damning that senior officials believe it could leave Boris Johnson with no choice but to resign as prime minister, The Times has been told. The report by Sue Gray, a senior civil servant, is understood to be highly critical of Johnson both for attending some of the events and the culture in No 10 under his leadership. - The Times

Driving an electric car for a year costs almost £600 less than its petrol equivalent after fuel prices surged more than electricity costs, research by the comparison website Compare the Market has found. Electric vehicles were already cheaper to run, according to figures shared with the Guardian, but the gap has widened significantly amid turmoil in global energy markets caused by the war in Ukraine. - Guardian

Boris Johnson will launch a push for families to take up £2,000 a year in childcare support as he attempts to refocus attention on how the Government can help with the cost-of-living crisis. The Prime Minister is keen to move on from a bruising week that was dominated by the "partygate" scandal, with a number of Tory MPs publicly criticising his leadership. - Telegraph

The chairman of the Commons business select committee has urged Kwasi Kwarteng not to let Downing Street delay legislation needed to bring forward audit and corporate governance reforms. Darren Jones, a Labour MP, has written to the business secretary raising concerns about reports that the legislation has been dropped from next month's Queen's Speech. - The Times

The Labour party has vowed to abolish the "non-dom" tax loophole used by the chancellor Rishi Sunak's wife to save paying up to £20m in UK tax. Rachel Reeves, the shadow chancellor, said it "simply isn't right that those at the top can benefit from outdated non-dom tax perks" while ordinary people struggle with tax rises and the cost of living crisis. - Guardian

Two in three pharmacists are now dealing with medication shortages on a daily basis, research shows, amid growing concern about worsening access to hormone replacement therapy. Pharmacists said they were regularly facing patients "boiling over" with rage amid desperation over shortages of treatments for dozens of conditions. - Telegraph

The board of Twitter is coming under pressure to engage with Elon Musk over his mooted $43 billion takeover bid after the Tesla founder lined up financing for a deal. Musk met key Twitter shareholders late last week and some have since indicated they expect the board to leave the door open for talks, even if his "best and final offer" of $54.20 a share may not be enough to seal a deal. The shares closed at $48.93 on Friday. - The Times

International travel should be protected in future pandemics, MPs have urged, describing the Covid restrictions imposed by the UK government as confusing, arbitrary and disproportionate. The Commons transport select committee said the government should learn lessons from the coronavirus pandemic to create a predictable and transparent system for future public health crises, to support travellers and the aviation industry. - Guardian

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Monday newspaper round-up: Coal power plant, Deloitte, RBS scandal
(Sharecast News) - Britain's only remaining coal power plant at Ratcliffe-on-Soar in Nottinghamshire will generate electricity for the last time on Monday after powering the UK for 57 years. The power plant will come to the end of its life in line with the government's world-leading policy to phase out coal power which was first signalled almost a decade ago. - Guardian
Friday newspaper round-up: Gambling ads, road building schemes, public sector pensions
(Sharecast News) - Ministers have been urged to intervene to stop football clubs from setting their own rules on curbing gambling advertising, after research showed Premier League fans were bombarded with nearly 30,000 gambling messages on a single weekend. Clubs in the top flight have so far avoided compulsory restrictions on gambling sponsorship, instead addressing public concern through voluntary measures such as a ban on front-of-shirt logos, starting in 2026. - Guardian
Thursday newspaper round-up: JLR, electric cars, Royal Mail
(Sharecast News) - Rachel Reeves is pushing for the UK's tax and spending watchdog to upgrade its national growth forecasts to reflect the economic boost Labour says can be achieved from its blitz of planning reforms. In a development that could open up additional spending headroom for the chancellor before next month's budget, the Treasury has held talks with the Office for Budget Responsibility to try to persuade its officials that unblocking the planning system could drive up growth. - Guardian
Wednesday newspaper round-up: Visa, Caroline Ellison, Brookfield
(Sharecast News) - Business leaders have warned that the government's plans for a major global investment summit are in danger of falling flat, amid growing frustrations over high costs of involvement and its timing two weeks before the budget. As a central plank in Labour's proposals to drive up investment in Britain, the party pledged in the general election campaign to host the summit within the first 100 days of winning power to show that the UK would be "open for business" under a new government. - 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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