Wednesday newspaper round-up: Private credit, Nissan, AMD

(Sharecast News) - Four in five people are worried that the Iran war will make food more expensive, according to a new poll, as businesses warned the "window is closing" for ministers to cut energy costs for UK retailers. Research by Opinium found that 80% of people are worried about the rising price of groceries, which would come from retailers passing on cost increases to consumers, while 73% expect the conflict to push up prices of other products. - Guardian

The private credit industry's role in fuelling the AI boom could backfire, with a sharp correction leading to "sizeable" losses, the Financial Stability Board has warned. A new report into private credit by the global watchdog, which monitors financial authorities including central banks in 24 countries, found that the healthcare, services, and tech sectors have become the biggest borrowers of private credit. - Guardian

Hedge fund manager Crispin Odey submitted "false evidence" in his fight to overturn a ban on working in the City, a court has heard. The high-profile financier made "brazen" attempts to create a "false history" in court, according to Clare Sibson KC, the Financial Conduct Authority's (FCA) lawyer. She told the Upper Tribunal that Mr Odey's claims that his alleged past misconduct was "mutually consensual, or for my part entirely innocent in nature" were "not truthful". - Telegraph

Nissan has announced plans to close a production line at its Sunderland factory and cut 900 jobs in Europe as part of fresh restructuring efforts. The Japanese manufacturer said it would combine production from two lines into one at the North East site, which makes vehicles including the Leaf, Juke and Qashqai. - Telegraph

Advanced Micro Devices beat Wall Street's first-quarter sales and profit estimates on Tuesday as booming demand for artificial intelligence infrastructure continued to boost the US economy. The chip designer reported revenue of $10.3 billion, up 38 per cent year-on-year and ahead of analyst forecasts of $9.9 billion. Net income for the quarter rose 95 per cent to $1.4 billion, ahead of expectations of $1.2 billion. - The Times

Some of Britain's biggest supermarkets have warned regulators that competition is being "distorted" by legal rules enabling Aldi and Lidl to block rivals from opening new stores on nearby land. Sainsbury's, Morrisons and Iceland have urged the Competition and Markets Authority (CMA) to change rules that exempt the German discounters from a ban on restrictive property clauses, given their rapid expansion over the past decade. - The Times