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Wednesday newspaper round-up: NI rise, BrewDog, Sensyne Health

(Sharecast News) - Almost a third of bus services in England could be axed within weeks if the government does not make "critical decisions" to extend emergency funding, bus operators have warned. Bus services were supported by grants during the pandemic when customers were advised to avoid unnecessary travel, but funding is due to expire on 5 April, with passenger numbers still only about 70% of pre-pandemic levels. - Guardian The number of UK households classed as destitute could rise by nearly a third to more than 1 million this spring after the government adds an increase in national insurance to the wider cost of living squeeze, a thinktank has warned. The National Institute of Economic and Social Research (NIESR) urged ministers to reconsider the tax increase after it said destitution - which it defines as an inability to buy basic essentials - could increase by 30% in the next financial year if households are faced with a combination of rising inflation, higher bills and a greater tax burden. - Guardian

Bosses at BrewDog have failed to go far enough in overhauling the beer company's "toxic" culture, a group of former employees have said. The brewer's former workers said "some progress has been made" at the company since they published an open letter last summer in which they accused management of creating a culture of fear. - Telegraph

London has been dealt a huge blow after SoftBank indicated it planned to list the British microchip company Arm in New York. Masayoshi Son, chief executive of SoftBank, the Japanese technology investor which bought Arm in 2016, quashed hopes that one of Britain's most successful technology firms would return to the London stock market yesterday [Tues], announcing it was most likely to pursue a public offering on the Nasdaq. - The Times

Shareholders will be unable to attend a vote on an emergency financing of Sensyne Health this week, with the troubled healthcare technology company citing confirmed Covid-19 cases. Sensyne said that the meeting in Oxford would now be held as a closed event on Friday, with the minimum number of members legally required to be present to form a quorum. - 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
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(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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