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Thursday newspaper round-up: Travel chaos, National Grid, Essex traders

(Sharecast News) - Holidaymakers trying to get away for the Easter weekend have been warned they are likely to face disruption whether travelling by air, rail, road or sea. Staff sickness and a shortage of workers have already caused multiple days of chaos for air passengers, with carriers cancelling dozens of flights at short notice, while ferry operators have struggled to meet demand as P&O Ferries services remain suspended. - Guardian Rich countries need to provide emergency food supplies to prevent rising prices and shortages triggering social unrest in poorer parts of the world, the heads of four major international bodies have said. Calling for urgent and coordinated action, the World Bank, the UN World Food Programme, the World Trade Organization and the International Monetary Fund warned that the food crisis was pushing millions of people into poverty. - Guardian

National Grid may have to pay power generators to turn down their supply during the Queen's Platinum Jubilee celebrations as the public stops work and heads outside for street parties. Its division responsible for keeping the lights on is expecting power demand in Britain to dip to its lowest annual level during the four-day weekend created to mark the occasion, from June 2-5. - Telegraph

One of Britain's biggest train companies has been threatened with strike action after giving new "see-through" uniforms to its staff. Avanti West Coast has been accused by the RMT union of making workers wear "flimsy new blouses and shirts ... which are basically transparent". A source said that employees are considering strike action. - Telegraph

Messages between Essex-based oil traders said to have made more than $700 million from the 2020 oil price crash provide a "highly plausible inference" that they collectively moved to depress prices, a judge in the United States has ruled. Texts exchanged on April 20, 2020 - the day the US oil price collapsed below zero for the first time - prompted Gary Feinerman, a district court judge in Illinois, to rule that a class-action lawsuit could proceed against eight traders. - 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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