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Monday newspaper round-up: JCB, ULEZ, mobile 'not spots'

(Sharecast News) - The influential Tory donors behind the JCB digger empire could be hit with a bill for more than £500m to settle a longrunning investigation by HM Revenue and Customs, the Guardian can reveal. The investigation into Anthony Bamford, a Tory peer, and his brother Mark, the director of a subsidiary of the Conservative party, is understood to span a complex network of offshore tax havens and companies. - Guardian Thousands of fines for breaches of London's ultra-low emissions zone (Ulez) rules may have been sent unlawfully to drivers of EU-registered vehicles, Belgian authorities claim. The Belgian ministry for transport has ordered an investigation into alleged criminal breaches of data rules after motorists received penalty charge notices from a collections agent acting for Transport for London (TfL). - Guardian

A Government promise to improve mobile coverage in rural areas has been dealt a major setback after network operators warned they will not meet a key deadline. Vodafone, Three and Virgin Media O2 have asked the Government for a delay of up to two years to complete the first stage of the Shared Rural Network (SRN). - Telegraph

Big banks have been accused of giving small businesses "an incredibly poor deal" by offering them less interest on their cash than bigger companies. In a letter to the Treasury Select Committee, Richard Davies, chief executive of Allica Bank, claimed small and medium-sized enterprises (SMEs) should be receiving an extra £7.5bn of interest per year on their deposits. - Telegraph

A parliamentary group that promotes sustainable and ethical business practices is funded by companies that have paid billions of pounds in fines and compensation for fraud, tax and environmental failings. The all-party parliamentary group on environmental, social and governance has received hundreds of thousands of pounds from funders, including KPMG, the accounting group, BAE Systems, the defence manufacturer and Bayer, the drugs multinational. - The Times

The rising costs of raw materials and disrupted supply chains are threatening to derail the winter "golden quarter" for medium-sized businesses in Britain. Companies are concerned about the possibility of suppliers collapsing or of being unable to provide enough basic materials for production. - 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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