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Thursday newspaper round-up: Post Office, Boeing, Darktrace

(Sharecast News) - Pressure is mounting on the government to review more than £2bn in new contracts awarded to Fujitsu since a court ruling in 2019 found its Horizon IT system caused accounting errors that were blamed on more than 900 post office operators who were then wrongly prosecuted by the Post Office. The Japanese company, which continues to hold the prestigious status of being a key "strategic supplier" making more than £100m annually from government work despite the scandal, has won 101 new contracts worth £2.04bn since the landmark legal ruling. - Guardian The US transportation secretary announced on Wednesday afternoon that no grounded Boeing 737 Max 9 would return to service "until it is safe", after Alaska Airlines announced the cancellation of all flights on its 737 Max 9 planes at the direction of the Federal Aviation Administration. Pete Buttigieg said he was "not putting a timeline" on when the FAA will allow the planes to resume flights. - Guardian

Funds that allow Bitcoin to be traded more easily have been approved for the first time by Wall Street's regulator in a hotly anticipated move. The Securities and Exchange Commission (SEC) announced on Wednesday evening that it had authorised the trading of a number of Bitcoin exchange traded funds, while refusing to endorse them as a good investment. - Telegraph

Poppy Gustafsson, the boss of ­Darktrace, looks set to face fresh ­questions about more than 100 deals she was involved with while working in the accounts department at Autonomy, as she is drawn into the US criminal trial of Mike Lynch, the Cambridge technology entrepreneur. The deals include multimillion-dollar transactions with household names including JP Morgan, BP, ­Deutsche Bank and Tottenham ­Hotspur FC in a far more extensive list put forward by the prosecution than the 21 deals originally outlined last ­October. - The Times

The boss of a company that helps to fund charities has attacked a legal system that allows Sir Stelios Haji-Ioannou to bring endless "bullying" lawsuits. James Moir, the chief executive of easyfundraising, said his business had been served with a "ludicrous" High Court claim from the billionaire easyJet founder over the use of the "easy" name, which he said could cost "towards £1 million" to fight. - The Times

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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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