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Friday newspaper round-up: NHS app, Uber, John Lewis

(Sharecast News) - Undisclosed companies are analysing facial data collected by the NHS app, which is used by more than 16 million English citizens, prompting fresh concern about the role of outsourcing to private businesses in the service. Data security experts have previously criticised the lack of transparency around a contract with the NHS held by iProov, whose facial verification software is used to perform automated ID checks on people signing up for the NHS app. - Guardian Uber is to pay out millions of pounds in missed pension payments to UK drivers dating back as far as 2017 under a deal with the retirement savings watchdog. The ride hailing company was forced to guarantee its 70,000 UK drivers a minimum hourly wage, holiday pay and pensions in March this year after a landmark supreme court ruling over their employment status. Couriers for the group's UberEats food delivery service are not included in the deal. - Guardian

Ford is weighing up whether to build transmission systems for electric cars at its Halewood plant on Merseyside rather than at a site in Germany. The car giant has held talks with government officials about making the new eTrans system in the UK. A commitment would secure hundreds of millions of pounds in investment at the site from the car company, delivering a significant boost to Britain's automotive sector. - Telegraph

Employee-owned John Lewis Partnership has rankled thousands of its workers after paying bonuses to a number of chosen staff when the wider workforce were denied a bonus for the first time in nearly 70 years. It has emerged that the retailer made almost 4,000 "special contribution awards", including to 16 managers, last year out of its 79,000 workforce. The awards are capped at 10 per cent of salary for exceptional service and have been in place for ten years, but last year was the first time the wider partnership bonus has not been paid since 1953. - The Times

Joe Garner is stepping down as chief executive of Nationwide as part of a phased succession plan that also has brought in a new chairman. Britain's biggest building society said that Kevin Parry, its senior independent director, would succeed David Roberts as chairman. Parry will lead the search for Garner's successor. - 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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