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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.

Wednesday newspaper round-up: Kaisa Group, Porsche, British Airways, Zopa

(Sharecast News) - Trading in shares of embattled Chinese developer Kaisa Group Holdings have been suspended on the Hong Kong stock exchange, prompting fresh nerves about the financial stability of the country's massive property sector. The suspension on Wednesday comes after Kaisa was reportedly unlikely to meet a dollar bond repayment of $400m (£301m) by the deadline of Tuesday night in the US, Reuters said, citing a source with direct knowledge of the matter. - Guardian Volkswagen is still considering a stock market listing of its luxury sports car brand Porsche, according to reports, as it looks to raise capital for a costly shift towards electric vehicles. Estimates for what Porsche could be worth as a standalone company range between €45bn and €90bn (£38bn and £77bn). - Guardian

British financial services exports to the US outstripped those to the European Union in 2020 for the first time since the Brexit vote as the City shifts its focus away from the Continent. Around 34pc of exports by banks and finance companies went to America in 2020, according to research by the banking lobby group TheCityUK, compared to 30pc to the EU. The US was in pole position for the first time since it started collecting data in 2016. - Telegraph

Gatwick was once the bright and shining future for British Airways. Robert Ayling, the airline's chief executive in the late 1990s and the man who brought us both the London Eye and the 02 Centre, had no doubt about it. "BA now firmly believes that Gatwick is at last one of the best transfer hubs in the world and is determined to be at the forefront of its future," he said in 1997. The airline boasted of the "hub without the hubbub" in an advert filmed in a full-scale replica of a Gatwick terminal built at Pinewood Studios. Ayling's big push was the culmination of much head-scratching at BA - not only on what to do with Gatwick, a potentially weak southern flank to its fortress at Heathrow - but also the bigger quandary of how to grow. - The Times

Zopa is to exit the peer-to-peer lending market that it pioneered, in the latest sign of the decline of the once promising industry. Jaidev Janardana, chief executive, said that it would close its peer-to-peer book in January after concluding it was no longer "commercially viable". - The Times

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Friday newspaper round-up: JLR, BNPL, Telegraph sale, water industry
(Sharecast News) - Britain's largest carmaker, Jaguar Land Rover, has delayed the planned launches of its new electric Range Rover and electric Jaguar models to give it time for more testing and for demand to pick up, the Guardian can reveal. JLR has written to customers waiting for the Range Rover Electric to inform them that deliveries of the new version of the model will not start until next year, after initially aiming for late 2025. - Guardian
Thursday newspaper round-up: WPP, Jerome Powell, Elon Musk
(Sharecast News) - The advertising agency WPP has been asked to work up ideas for a government-endorsed advertising blitz to urge more consumers to invest in stocks through a "Tell Sid"-style campaign expected to cost tens of millions of pounds. Plans for the nationwide push were announced by chancellor Rachel Reeves on Tuesday at her Mansion House speech, as she unveiled a fresh deregulation drive meant to increase financial risk-taking across the UK to help spur growth. - Guardian
Wednesday newspaper round-up: Red tape, billionaires, diesel emissions
(Sharecast News) - Rachel Reeves has claimed that rules and red tape are acting as a "boot on the neck" of businesses and risk "choking off" innovation across the UK without bold reforms. In a speech to City bosses attending the Mansion House dinner at London's Guildhall on Tuesday evening, the chancellor heaped further pressure on regulators to allow for more risk in order to boost economic growth. - Guardian
Tuesday newspaper round-up: Rachel Reeves, electric cars, Marks & Spencer
(Sharecast News) - Rachel Reeves will claim that cutting red tape for City firms will have trickle-down benefits for households across Britain, as she tries to drum up support for a new financial services strategy. A raft of regulatory reforms are due to be announced by the chancellor on Tuesday, in what the Treasury says will be the "biggest financial regulation reforms in a decade". It will come before her Mansion House address to City bosses during a dinner at Guildhall in London on Tuesday evening. - 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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