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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Sunday newspaper round-up: Sainsbury's, British Steel, DeSantis

(Sharecast News) - Sainsbury's chief Simon Roberts gave his support to the Financial Mail on Sunday's campaign for police to crack down on shoplifters as an epidemic of retail crime sweeps across the country. Roberts also said he backed making abuse or violence against retail staff a specific offence. He also noted that the grocer had been the first to offer all of its 150,00 staff body-worn cameras that can aid support teams at its stores. - The Financial Mail on Sunday British Steel's new auditor has unexpectedly resigned, further putting at risk £600m of state aid needed to stave off collapse at the Chinese-owned manufacturer.The decision by Moore Kingston Smith follows its inability to verify tens of millions of pounds' worth of inventories. The auditor had taken over just over a year ago from Mazars which had resigned after a row over fees. Moore Kingston Smith said it could not account for £45.8m worth of stock during the year ending in December 2021, the accounts for which had been severely delayed. - The Sunday Times

US state of Florida hard-right governor Ron DeSantis has bowed out of the running for the Republican party's presidential nomination. Instead, he has thrown his support behind Donald Trump. "It's clear to me that a majority of Republican primary voters want to give Donald Trump another chance," DeSantis said on X. "He has my endorsement because we can't go back to the old Republican guard of yesteryear, a repackaged form of warmed over corporatism that Nikki Haley represents." - Guardian

Enquest chief executive officer Amjad Bseisu criticised Labour's plan to ban new oil and gas drilling, calling it "economically senseless". Bseisu believed that it would lead to rigs being shut down a decade ahead of plan. Indeed, the driller's two large Magnus and Kraken platforms would be rendered less economical and put at risk of being closed early. Early closures would also have an impact on the Treasury as oil companies get big tax breaks for decommissioning. - The Sunday Telegraph

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Wednesday newspaper round-up: Post Office, Spirit AeroSystems, Flutter
(Sharecast News) - The Post Office is expected to announce the closure of dozens of branches and cut up to 1,000 head office jobs as it seeks to reduce costs to secure its financial future. There are about 11,500 Post Office branches across the UK, of which 115 are wholly centrally owned. The rest are operated by independent post office operators under contract and partners such as WH Smith and Tesco. - Guardian
Tuesday newspaper round-up: Bluesky, British Steel, FRC
(Sharecast News) - Social media platform Bluesky has picked up more than 700,000 new users in the week since the US election, as users seek to escape misinformation and offensive posts on X. The influx, largely from North America and the UK, has helped Bluesky reach 14.5 million users worldwide, up from 9 million in September, the company said. - Guardian
Monday newspaper round-up: Hospitality, wind generation, Vertical Aerospace
(Sharecast News) - Great Britain "lags behind" Europe on measures to restrict betting adverts, according to a report released days after official data showed a sharp increase in the number of children with a gambling problem. Restrictions on ads by bookmakers and casinos are increasingly becoming "the norm" across Europe in response to public health concerns, according to a report commissioned by GambleAware, the UK's leading gambling charity. - Guardian
Friday newspaper round-up: AI, Bentley, News Corp
(Sharecast News) - Dozens of health and children's groups have urged ministers to tackle obesity by imposing taxes on foods containing too much salt or sugar. New levies based on the sugar tax on soft drinks would make it easier for consumers to eat more healthily by forcing food manufacturers to reformulate their products, they claim. - 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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