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Friday newspaper round-up: Butchers, contactless limit, energy providers

(Sharecast News) - The government has stepped in to counter a spiralling crisis on pig farms by allowing butchers to enter the UK on temporary visas, in the latest reversal of post-Brexit immigration policy. Butchers in abattoirs and meat processing plants dealing with pigs will be allowed to come to work in Britain for six months, the environment secretary, George Eustice, announced on Thursday evening. He said 800 butchers were needed to meet staffing shortages and get the situation under control. - Guardian People in the UK using contactless cards will be able spend up to £100 a time from Friday after the limit on payments was more than doubled. At the start of the pandemic the cap was increased to £45 to reduce the need for customers to handle cards and cash because of concerns about the virus being transmitted via surfaces. - Guardian

Energy providers have been accused of increasing households' monthly direct debit payments in a breach of industry rules as they battle to survive surging power costs. Citizens Advice is calling for action by Ofgem, the energy watchdog, after being contacted by a string of consumers hit with an unexpectedly high payment increase over the past few weeks. One household's bills almost doubled to £117 a month, it said. - Telegraph

Britain's biggest haulage lobbying group has been frozen out of meetings with ministers following claims it is biased against Brexit and deliberately sparked last month's fuel crisis. As businesses battle a national shortage of lorry drivers, relations between the Road Haulage Association (RHA) and the Government have entered a "deep freeze", sources said. - Telegraph

GlaxoSmithKline is embroiled in a row with an activist investor after it called for the replacement of the drugs group's chairman and chief executive. Sir Jonathan Symonds, GSK's chairman, replied to Bluebell's partners on Wednesday, two days after Bluebell sent its critical letter, saying that it was "disappointed" with the investor's account of a shareholder meeting hosted by the Investor Forum on Thursday last week to discuss the separation of GSK's consumer healthcare division. - The Times

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Wednesday newspaper round-up: Aviva Investors, HSBC, car finance
(Sharecast News) - One of the UK's biggest pension funds has lost more than £350m on a series of "calamitous" investments in incinerator power plants that are expected to go bust in the coming days. The Guardian understands that Aviva Investors will put three incinerators into administration this week after pouring millions of pounds into what has been described as the country's "dirtiest form of power generation". - Guardian
Tuesday newspaper round-up: Starling Bank, Asos, Morrisons
(Sharecast News) - Staff have resigned at Starling Bank after its new chief executive demanded thousands of workers attend its offices more regularly, despite lacking enough space to host them. In his first major policy change since taking over from the UK digital bank's founder, Anne Boden, in March, Raman Bhatia has ordered all hybrid staff - many of whom were in the office only one or two days a week, or on an ad-hoc basis - to travel to work for a minimum of 10 days each month. - Guardian
Monday newspaper round-up: Energy bills, Black Friday, Lloyds Bank, Sephora
(Sharecast News) - Household energy bills across Great Britain are set to rise at the start of next year, analysts predict, putting more pressure on household finances. Officially, the price cap for January-March 2025 will be set on Friday morning by regulator Ofgem, limiting what energy providers can charge in England, Scotland and Wales. - Guardian
Sunday newspaper round-up: Kursk, AstraZeneca, BAE Systems
(Sharecast News) - America's President has authorised Ukraine to employ long-range ATACMS supplied by the US to strike targets inside Russia. More specifically, Kyiv will now be allowed to strike targets within the Kursk region, the New York Times reported. Speculation may increase that permission from Britain, the US and France to do the same with Storm Shadow missiles could follow. Joe Biden's decision is said to have been triggered by the appearance of North Korean troops in the Kursk region. - The Sunday Telegraph

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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