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Monday newspaper round-up: Amazon, British Airways, De La Rue

(Sharecast News) - Amazon's UK tax bill jump could jump by £29m next year as a result of changes to business rates that are scheduled to hit warehouses and online retailers the hardest. The online retailer is likely to be among firms facing big tax rises following the chancellor's autumn statement, according to analysis from the real estate adviser Altus Group. - Guardian People selling their homes have typically had to settle for below the asking price in recent weeks, according to Zoopla, which is predicting house prices will fall by about 5% next year. The average price achieved in recent weeks has been 3% below a seller's asking price, when for much of 2021 and the first half of this year it matched the asking price, the property website said. Zoopla said it expects discounts to increase further in 2023. - Guardian

British Airways is planning to double its operations at Gatwick as a long-running row with Heathrow sours relations with bosses at Britain's busiest airport. The UK flag carrier is to increase flights from the Sussex airport instead of expanding operations at Heathrow. - Telegraph

British businesses are "at risk" because the government has failed to set out a coherent blueprint for a microchip supply industry, according to a critical report from the influential cross-party business select committee of MPs. A semiconductor strategy was due this autumn from the Department for Digital, Culture, Media and Sport. Work on it started almost two years ago but it is yet to materialise. At the weekend officials declined to comment, saying only that it would be "published as soon as possible". - The Times

The chairman of De La Rue has received backing from three key proxy shareholder agencies before this week's investors' vote to remove him from the banknote printer's board. ISS, Glass Lewis and Pirc have recommended re-electing Kevin Loosemore, 63, on Friday. - The Times

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Monday newspaper round-up: Coal power plant, Deloitte, RBS scandal
(Sharecast News) - Britain's only remaining coal power plant at Ratcliffe-on-Soar in Nottinghamshire will generate electricity for the last time on Monday after powering the UK for 57 years. The power plant will come to the end of its life in line with the government's world-leading policy to phase out coal power which was first signalled almost a decade ago. - Guardian
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(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
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(Sharecast News) - Rachel Reeves is pushing for the UK's tax and spending watchdog to upgrade its national growth forecasts to reflect the economic boost Labour says can be achieved from its blitz of planning reforms. In a development that could open up additional spending headroom for the chancellor before next month's budget, the Treasury has held talks with the Office for Budget Responsibility to try to persuade its officials that unblocking the planning system could drive up growth. - Guardian
Wednesday newspaper round-up: Visa, Caroline Ellison, Brookfield
(Sharecast News) - Business leaders have warned that the government's plans for a major global investment summit are in danger of falling flat, amid growing frustrations over high costs of involvement and its timing two weeks before the budget. As a central plank in Labour's proposals to drive up investment in Britain, the party pledged in the general election campaign to host the summit within the first 100 days of winning power to show that the UK would be "open for business" under a new government. - 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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