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Friday newspaper round-up: Gambling ads, road building schemes, public sector pensions

(Sharecast News) - Ministers have been urged to intervene to stop football clubs from setting their own rules on curbing gambling advertising, after research showed Premier League fans were bombarded with nearly 30,000 gambling messages on a single weekend. Clubs in the top flight have so far avoided compulsory restrictions on gambling sponsorship, instead addressing public concern through voluntary measures such as a ban on front-of-shirt logos, starting in 2026. - Guardian Campaign groups have urged the government to cancel major road building schemes including the Lower Thames Crossing, amid growing speculation that ministers could divert money earmarked for new roads into rail and other public transport. The transport secretary, Louise Haigh, is due to decide in a week whether to sign off a development consent order [DCO] for the £9bn road crossing linking Essex and Kent. - Guardian

Rachel Reeves should cut public sector workers' "extremely valuable" pensions at her maiden Budget, a leading think tank has said, amid continued pressure from unions over pay rises. The Institute for Fiscal Studies (IFS) told the Chancellor that there is a "good case" for lowering pensions for public sector workers to fund future pay rises after the Government granted inflation-busting settlements to doctors, teachers and nurses. - Telegraph

The furore engulfing the Financial Conduct Authority over its chairman's failure to abide by its own whistleblowing policy has intensified after Ashley Alder resisted pressure to resign. A review undertaken by Richard Lloyd, the senior independent director on the regulator's board, and published by the watchdog on Monday found that Alder "did not follow the policy to the letter" when he forwarded emails from two whistleblowers to senior colleagues without removing the individuals' personal details or obtaining their consent. - The Times

A number of Rightmove shareholders have said the property website should start takeover talks with the Australian rival it has rebuffed. Rightmove has rejected three indicative offers from Rea Group as opportunistic, unattractive and undervaluing the company's prospects. Jamie Forbes-Wilson, fund manager at AXA Investment Managers, which holds 1 per cent of Rightmove, said: "We would agree that it feels a little opportunistic for Rea to be coming along at this time, but it is also recognition that Rea sees Rightmove as the high-quality business that we, as long-term holders of the share, think that it is." - 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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