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Wednesday newspaper round-up: Twitter, airport chaos, Imperial Brands, Glencore

(Sharecast News) - A Twitter shareholder is suing Elon Musk for failing to disclose that he had bought a substantial stake in the company, affecting share prices. The Tesla CEO revealed on 4 April that he had acquired a 9.2% stake in Twitter. Shares in the social media company soared, as investors viewed the move as a vote of confidence from the richest man in the world. - Guardian More than one in eight privately rented homes in England pose a serious threat to people's health and safety, costing the NHS about £340m a year, according to a report from a committee of MPs. It also uncovered evidence of unlawful discrimination, with an estimated one in four landlords unwilling to let to non-British passport holders. - Guardian

Priti Patel was warned a month ago about a looming wave of travel chaos after passport control staff were sent to deal with the Dover migrant crisis instead. Airline chiefs told the Home Secretary in March that a lack of Border Force workers could spark massive passenger queues at terminals across Britain. - Telegraph

US regulators have banned Imperial Brands' myblu vaping device after a review found there was a lack of evidence they would protect public health, in a blow for the tobacco industry's transition from cigarettes. The Food and Drug Administration has issued marketing denial orders for several myblu electronic nicotine delivery products. After considering their design and manufacturing it concluded the applications "did not demonstrate that the potential benefit to smokers who switch completely or significantly reduce their cigarette use would outweigh the risk to youth". - The Times

Glencore funded two Russian refinery businesses whose owners are close associates of President Putin, documents show. The FTSE 100 commodities giant has sought to play down its links to Russia since the invasion of Ukraine, saying that its trading exposure to Russia is "not material". But newly uncovered documents show that in recent years it has had more extensive dealings benefiting senior figures close to the regime than previously reported. - The Times

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Friday newspaper round-up: Bank branches, mortgages, Northern Rock
(Sharecast News) - The number of UK bank branches that have shut their doors for good over the last nine years will pass 6,000 on Friday, and by the end of the year the pace of closures may leave 33 parliamentary constituencies - including two in London - without a single branch. The tally is being published by the consumer group Which? as it seeks to make the "avalanche" of closures and the "disastrous" impact they can have on local communities an election battleground. - Guardian
Thursday newspaper round-up: JCB, M&S, smart meters
(Sharecast News) - The British digger maker JCB, owned by the billionaire Bamford family, continued to build and supply equipment for the Russian market months after saying it had stopped exports because of Vladimir Putin's invasion of Ukraine, the Guardian can reveal. Russian customs records show that JCB, whose owners are major donors to the Conservative party, continued to make new products available for Russian dealers well after 2 March 2022, when the company publicly stated that it had "voluntarily paused exports" to Russia. - Guardian
Wednesday newspaper round-up: Brexit border outages, Boeing, Stellantis
(Sharecast News) - Lorries carrying perishable food and plants from the EU are being held for up to 20 hours at the UK's busiest Brexit border post as failures with the government's IT systems delay imports entering Britain. Businesses have described the government's new border control checks as a "disaster" after IT outages led to lorries carrying meat, cheese and cut flowers being held for long periods, reducing the shelf life of their goods and prompting retailers to reject some orders. - Guardian
Tuesday newspaper round-up: Tesco, OpenAI, housebuilding
(Sharecast News) - Tesco is facing criticism from "shocked" charities who say they are struggling to distribute unwanted food to homeless and hungry people after they claim the retailer brought in rules that mean unwanted food can only be collected in the evening. The supermarket group has switched to a new system which asks charities to pick up unwanted food, such as items reaching their best before date, only in the evening when a store is closing rather than the following morning, the charities have claimed. - 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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