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Wednesday newspaper round-up: Eurostar, Asda, jobless rate

(Sharecast News) - Cross-channel train operator Eurostar has been criticised by the advertising watchdog for exaggerating the number of £39 seats on sale. The Advertising Standards Authority (ASA) ruled that Eurostar ads across Instagram and Facebook for £39 tickets from London to Amsterdam and Brussels were misleading, the second time it has censured its ads this year. - Guardian UK growth would be halved in the event Donald Trump wins the US presidential race and imposes the swingeing new tariffs he has threatened, a leading thinktank has warned. The National Institute of Economic and Social Research (NIESR) said the protectionist measures planned by the Republican challenger for the White House would result in weaker activity, rising inflation and higher interest rates from the Bank of England. - Guardian

Rachel Reeves's inheritance tax raid on farmers will put food security at risk and leave Britain more reliant on foreign imports, suppliers have warned. Senior business leaders said the Chancellor's decision to impose inheritance tax on farming assets worth more than £1m threatened to erode domestic food production. - Telegraph

Asda is ordering staff back to the office at least three days a week, while also cutting jobs in an attempt to halt the supermarket's decline. The retail giant announced the change in an internal email on Tuesday, which will apply to more than 5,000 head office workers across three different locations in Leeds and Leicester. It comes just weeks after Mohsin Issa stepped down from running the business, with former M&S chief executive Lord Rose taking the helm as his interim replacement. - Telegraph

Specialist engineers working on Britain's newest nuclear power station have gone on strike, saying they have not had a pay rise in four years and that cheap foreign labour is being used to undercut British workers. The cabling and pipework engineers, represented by the professional trade union Prospect, work on the Hinkley Point C nuclear power station being built in Somerset by EDF, as well as the Sizewell C project planned for Suffolk. - The Times

Unemployment will rise thanks to Rachel Reeves increasing employers' national insurance contributions at the budget, experts have claimed. The National Institute of Economic and Social Research (NIESR), Britain's oldest economic think tank, said the employers' national insurance contributions (NICs) rise, which it characterised as a "tax on jobs", would push up joblessness and constrain vacancies. - 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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