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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.

Tuesday newspaper round-up: Energy bills, ULEZ, Aveva

(Sharecast News) - Jeremy Hunt is facing calls for a "social energy tariff" providing cheaper gas and electricity for low income households to be introduced when government support ends next year. In an open letter to the chancellor, 95 charities and non-profit organisations have urged the government to move quickly to legislate for a change in energy bills for "those in greatest need to ensure they are able to live in their homes comfortably". - Guardian Britain risks losing vital investment if it keeps raising taxes and undermining its reputation as a stable place to do business, global bosses have warned. PwC's annual poll of more than 4,000 chief executives showed the UK climbed one place this year to become the third most important country globally for growth, alongside Germany. - Telegraph

Sadiq Khan has been accused of manipulating a public consultation on expanding London's Ultra-low emission zone (Ulez) after it emerged that more than 5,000 votes were excluded. Emails reveal the Mayor's officials removed thousands of votes submitted to a consultation on whether to expand Ulez across the whole of London. The crackdown on motorists is costing drivers in the capital an additional £385,000 a day in charges, according to RAC. - Telegraph

The boss of Aveva has reiterated that the FTSE 100 technology company will remain autonomous as its controversial £10 billion takeover by France's Schneider Electric was formally sealed. Peter Herweck, chief executive of Aveva, said that the company would continue to work with a variety of partners and control systems. "It is a clear agreement that we have done. We've been very, very clear about it. We will be agnostic," he said. - The Times

The global airline industry will be back at prepandemic levels by the middle of this year. That is the bullish assessment of Avolon, one of the world's largest aircraft leasing companies. The forecast is the most optimistic estimate yet for a recovery in the industry from the Covid-19 travel restrictions of 2020 to 2022. - The Times

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Sunday newspaper round-up: Rentokil, Ukraine, Crowdstrike
(Sharecast News) - BT's former chief executive officer, Philip Jansen, is plotting to takeover Rentokil Initial with the help of private equity. As part of the acquisition, Jansen would take over as executive chairman. In particular, the corporate dealmaker and his financial supporters would focus on making Rentokil's 2022 purchase of US peer Terminix work. In a second phase, the company would move on to acquiring other US companies in the same sector. - Sunday Times
Thursday newspaper round-up: Aslef, unemployment, Microsoft
(Sharecast News) - The co-founders of Silicon Valley's most prominent venture capital firm have announced their support for Donald Trump's bid for re-election, and plan to make substantial donations to back him further. Ben Horowitz and Marc Andreessen, the heads of Andreessen Horowitz, commonly known as A16Z, revealed their plans in a sprawling 90-minute podcast, in which they argued that the future of "American innovation" required a Trump victory. - Guardian
Wednesday newspaper round-up: Harland & Wolff, Octopus Energy, Microsoft
(Sharecast News) - Local councils will have to adopt mandatory housing targets within months under planning reforms to be unveiled on Wednesday as part of Keir Starmer's first king's speech, which the prime minister says will be focused on economic growth. Starmer will introduce a package of more than 35 bills on Wednesday, the first Labour prime minister to do so in 15 years, as he looks to put the economy at the centre of his first year in office. - Guardian
Tuesday newspaper round-up: Elon Musk, Julian Dunkerton, SSE/TotalEnergies
(Sharecast News) - Elon Musk has said he plans to give $45m a month to a Super Pac focused on electing Donald Trump, starting in July, the Wall Street Journal has reported. The tech billionaire, who endorsed Trump two days ago, has already donated what was described as "a sizable amount" to the America Pac, though the actual amount of the donation will not be made public in election filings until 15 July, Bloomberg reported. - 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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