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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.

Tuesday newspaper round-up: EV charging network, net zero targets, St James's Place

(Sharecast News) - Almost £1bn meant to help build Britain's electric vehicle charging network remains unallocated more than three years after it was first announced by Rishi Sunak. Promised in March 2020 before the first Covid lockdown in Sunak's early weeks as Boris Johnson's chancellor, the "rapid charging fund" was meant to support electrical capacity at motorway service stations. It was intended to help fund upgrades to the grid so that more electric cars can be rapidly charged at the same time. - Guardian Rishi Sunak faces further pressure over his U-turn on net zero targets, after the head of the world's energy watchdog said countries that water down green policies risked worsening the climate crisis and damaging their own economies. In its annual report, the International Energy Agency (IEA) hailed the gathering pace of the worldwide transition to cleaner energy, forecasting for the first time that demand for oil, gas and coal would peak before the end of the decade. - Guardian

London-based landlords are shunning investment in the capital to buy more lucrative properties in the North. Around two-thirds of London's buy-to-let investors who have bought properties this year have done so in other parts of the country. The North of England has received the greatest boost from the shift as it now accounts for 24pc of all purchases by London landlords. - Telegraph

St James's Place has suspended dealings in its property unit trust, the latest fund investing people's savings in UK commercial property to be gated as clients look to get out of the struggling market. The wealth manager's move means investors cannot take out or put in more money for the time being. The offices, warehouses and shops in the trust were last valued at £826 million. - The Times

Investors from the Middle East are choosing properties in London over rival international centres, given the "availability of diverse assets" in the capital. According to research from Al Rayan Bank, one of Britain's largest Islamic banks, London "remains the primary focus" for investors thanks to its combination of strong rental growth, surplus demand and its status as a "reliable location for safe returns". - 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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