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Monday newspaper round-up: Four-day week, UK energy, Apple

(Sharecast News) - Fraudsters may have stolen £500,000 from a taxpayer-funded scheme aimed at accelerating the removal of dangerous cladding from buildings, the public spending watchdog has revealed. The National Audit Office said the government decision to prioritise speed in handing out money to building owners had increased its risk of losses from fraud. The warning came in an NAO report into the government's progress in remediating dangerous cladding from blocks after the Grenfell Tower fire in 2017. - Guardian One thousand workers in the UK will get extra time off with no loss of pay in the first official pilot by the four-day week campaign under the Labour government. The British Society for Immunology and Crate Brewery in Hackney, east London, are among the businesses to have joined the latest trial, which is being led by the 4 Day Week Campaign, as it launches on Monday. - Guardian

Cornwall is home to more solar panels than anywhere else in the country, new figures show, fuelling a growing backlash from local farmers and small businesses. The south-west county now boasts more than 27,000 sites generating solar energy, with even more planned under Ed Miliband's green energy rollout. The spread of solar energy across the Cornish countryside has been welcomed by climate campaigners. However, it has also sparked anger among residents and councillors who claim the local landscape has been ruined by an influx of large glass solar panels. - Telegraph

Shares in Apple will be in focus on Monday after Warren Buffett's Berkshire Hathaway continued to slash its stake in the tech company as part of a selling spree that has lifted his cash pile to record levels. The billionaire's industrials-to-insurance conglomerate disclosed on Saturday that it had reduced its position in Apple to $69.9 billion in the third quarter, indicating it had shed a further 100 million shares in the period, or a quarter of its holding. - The Times

The head of the International Energy Agency has backed the government's ambitious plan to clean up Britain's power supply by 2030 so the UK can keep its lead in cutting-edge energy industries. Labour has faced criticism for its ambition to supply almost all the country's electricity with wind, solar and nuclear energy in only six years' time. - The Times

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Sunday newspaper round-up: Panama Canal, Warhammer, Thames Water
(Sharecast News) - Donald Trump is asking that the Panama Canal be returned to the US unless Panama addresses his criticism of how the waterway is managed. In a post on social media platform Truth Social, Trump described the current arrangement as a complete 'rip-off' which will "immediately stop". He also warned against that the key interoceanic route would not be allowed to fall into the "wrong hands". He also appeared to caution against possible Chinese influence in the canal. - Guardian
Friday newspaper round-up: Aldi, Richard Desmond, Collateral
(Sharecast News) - The grocery industry watchdog is to make a rare intervention in a Yorkshire sprout grower's £3.7m legal case against Aldi over the discount chain's decision to terminate a long-term supply deal. In papers filed at the high court, W Clappison Ltd, which produced sprouts for Aldi's UK arm for 13 years, said its supply agreement was ended in February last year at planting time without reasonable notice so it was unable to find new clients immediately. It said it was forced to cease sprout production and sell off its machinery. - Guardian
Friday newspaper round-up: Aldi, Richard Desmond, Collateral
(Sharecast News) - The grocery industry watchdog is to make a rare intervention in a Yorkshire sprout grower's £3.7m legal case against Aldi over the discount chain's decision to terminate a long-term supply deal. In papers filed at the high court, W Clappison Ltd, which produced sprouts for Aldi's UK arm for 13 years, said its supply agreement was ended in February last year at planting time without reasonable notice so it was unable to find new clients immediately. It said it was forced to cease sprout production and sell off its machinery. - Guardian
Thursday newspaper round-up: Water bills, Brexit, Imperial Brands
(Sharecast News) - Households in England and Wales will see their water bills rise by an average of £31 a year, as suppliers pay to fix leaky pipes and cut pollution. The industry regulator Ofwat said on Thursday it would allow companies to raise average bills will rise by £157 over five years to an average of £597 by 2030 to help pay for investment. - 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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