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Tuesday newspaper round-up: Prepayment meters, The Telegraph, Vertical Aerospace

(Sharecast News) - London is capturing an ever-bigger share of the UK's record service sector exports and government action is needed to ensure other big cities keep pace with the capital, a report says. The Resolution Foundation said London accounted for almost half of the UK's service sector exports, with its share of the total rising from 38% to 46% between 2016 and 2021. - Guardian More than 2 million people across the UK will be cut off from their gas and electricity this winter because they cannot afford to top up their prepayment meters, according to Citizens Advice. The charity said it had made the estimate for what is expected to be its busiest winter ever for helping people who cannot afford to top up, after last year 1.7 million people were disconnected at least once a month. About 800,000 people went more than 24 hours without gas and electricity, unable to make a hot meal or take a warm shower, because they could not afford to top up. - Guardian

The leader of the Abu Dhabi-backed bid for The Telegraph has attended a Conservative networking lunch alongside the Prime Minister and the Culture Secretary, as they prepare to decide whether the takeover can go ahead. Jeff Zucker, the head of RedBird IMI and former CNN chief, was among guests at the Conservative Friends of Israel's annual business lunch at the InterContinental Park Lane in London. - Telegraph

Vertical Aerospace, the electric flying taxi business, has been handed $50 million by its founder to keep it airborne. Stephen Fitzpatrick, the Northern Irish entrepreneur who is behind the household supplier Ovo Energy, will inject $25 million of equity capital in the first instance at $10 a share, with a further $25 million by the end of July at an undetermined price. This will be reduced if the company secures equity funding from alternative sources. - The Times

A start-up that can clone people's voices has been valued at more than $1 billion in its latest funding round, with investment from Silicon Valley stalwarts including Andreessen Horowitz and Sequoia Capital. ElevenLabs uses artificial intelligence to convert written words into speech that sounds as if it is being read by real voices and "renders human intonation and inflections with unrivalled fidelity", according to the business. - 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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