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Wednesday newspaper round-up: Starbucks, JPMorgan, Santander

(Sharecast News) - Rachel Reeves is unveiling plans to create "Europe's Silicon Valley" between Oxford and Cambridge as she stakes the government's success on kickstarting economic growth and putting more pounds in people's pockets. The chancellor will announce a blueprint to improve infrastructure across the region that will add up to £78bn to the UK economy within a decade, according to industry experts, and put it at the forefront of science and technological advances. - Guardian Starbucks reassured Wall Street with a smaller-than-expected drop in comparable sales, an early sign that its efforts to revive sluggish demand could be bearing fruit. The world's largest coffee chain, which earlier this month announced that people using its cafes cross North America need to buy something, is in the midst of a turnaround bid to win back customers. - Guardian

JP Morgan is in talks to lease space at Credit Suisse's former UK headquarters in Canary Wharf after it demanded staff return to the office five days a week. The investment bank is understood to be discussing a deal with UBS to rent 150,000 sq ft of space at One Cabot Square office complex. Although the space amounts to less than a third of the 540,000 sq ft building, it is understood that the bank could expand its presence there further to lease as much as half of it. - Telegraph

China is building a gigantic laser-ignited fusion power laboratory that is 50pc larger than its US counterpart as the two superpowers spar for energy supremacy. The part-built research centre near the city of Mianyang, in the Sichuan province, has been observed in satellite imagery, with experts warning it could be used to advance both power generation and nuclear weapons. - Telegraph

The proposed Sizewell C nuclear plant will start generating electricity in 2035 if it gets the go-ahead by the summer, its developers claimed, despite repeated delays plaguing its sister station. The first reactor from the Suffolk nuclear plant will enter commercial operation in 2035 and the second in 2036, according to a presentation published by Sizewell that described a final investment decision by this summer as "essential". EDF has previously given vaguer guidance of Sizewell starting up in the "mid 2030s". - The Times

The chairman of Santander's British business is to leave this year in a surprise exit that will fuel City speculation about the Spanish bank's future in the UK. William Vereker's impending departure from Santander UK was announced little more than a week after the group was forced to deny reports that it is reviewing its operations here and could decide to withdraw from British high streets. - The Times

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Sunday newspaper round-up: Trump crash, BP, Rolls Royce
(Sharecast News) - The curious calm that has settled over global markets belies the fact that global politics are in a state of chaos. First there is America's U-turn on its Ukraine policy, followed by the threat of a trade war between Washington and nearly all its trading partners, and the prospect - perhaps - of the US slashing its budget deficit. Yet the only big movement in financial prices has been in the price of gold. That may be because we are at a "wait and see" moment. Global wealth managers are like rabbits transfixed in the headlights of a car, fearing that they might jump in the wrong direction. This calm won't last. I fear there will be a Trump crash, and investors should prepare by spreading their risks. - Financial Mail on Sunday
Friday newspaper round-up: UK lenders, independent breweries, HP, MoD
(Sharecast News) - UK lenders paid "advance commissions" to car dealers that may have encouraged them to push costlier loans on to consumers, legal filings linked to the motor finance scandal reveal. Court documents seen by the Guardian show that lenders, including Lloyds Banking Group, have paid commission to individual dealerships in lump sums upfront, which campaigners say total millions of pounds. - Guardian
Wednesday newspaper round-up: Trump, heat pumps, sickness benefits
(Sharecast News) - Donald Trump stood firm against warnings that his threatened trade war risks derailing the US economy, claiming his administration could hit foreign cars with tariffs of around 25% within weeks. Semiconductor chips and drugs are set to face higher duties, Trump told reporters at a news conference on Tuesday. - Guardian
Monday newspaper round-up: Council tax, layoffs, tech companies
(Sharecast News) - Britain's poorest households are paying an increasing share of their income on council tax, according to new analysis that likened it to the poll tax that contributed to the downfall of Margaret Thatcher. The poorest fifth of households paid 4.8% of their income on council tax in England, Wales and Scotland and on domestic rates in Northern Ireland in the 2020-21 financial year, up from 2.9% in 2002-3, according to research by the Resolution Foundation. - 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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