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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Sunday newspaper round-up: Nationwide, Close Brothers, Gold

(Sharecast News) - Nationwide will announce a £2bn gain on its £2.9bn takeover of Virgin Money in its half-year results, this Wednesday, likely triggering a windfall for its customers. The building society will also turbo-charge investment in the combined business on top of its recently begun 500 person hiring spree. As well, millions of members are in line for more 'fairer share' perks. - Financial Mail on Sunday There is speculation in the markets that Close Brothers may need to sell assets, perhaps including Winterflood Securities. Some even believe that the firm itself might become a takeover target. Car loans account for a fifth of total lending, or about £2bn. But what once was a booming sector has turned sour. Hence, the lender may now be forced to divest assets in order to meet compensation claims. - Financial Mail on Sunday

Endeavour Mining boss Ian Cockerill is a strong believer in gold as a "store of value". He of course has an interest in inciting gold buying. Nonetheless, Cockerill points to how the yellow metal has fulfilled precisely that role over the past four or five millennia. - The Sunday Times

Recruiters have seen a flood of new job applications from workers angry over a flurry of return-to-office mandates at large companies. Two-thirds of recruiters have seen such applications increase, the results of a survey show. Three-quarters of recruiters meanwhile had observed candidates turning down rules that did not include hybrid working. - Guardian

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Friday newspaper round-up: Aldi, Richard Desmond, Collateral
(Sharecast News) - The grocery industry watchdog is to make a rare intervention in a Yorkshire sprout grower's £3.7m legal case against Aldi over the discount chain's decision to terminate a long-term supply deal. In papers filed at the high court, W Clappison Ltd, which produced sprouts for Aldi's UK arm for 13 years, said its supply agreement was ended in February last year at planting time without reasonable notice so it was unable to find new clients immediately. It said it was forced to cease sprout production and sell off its machinery. - Guardian
Thursday newspaper round-up: Water bills, Brexit, Imperial Brands
(Sharecast News) - Households in England and Wales will see their water bills rise by an average of £31 a year, as suppliers pay to fix leaky pipes and cut pollution. The industry regulator Ofwat said on Thursday it would allow companies to raise average bills will rise by £157 over five years to an average of £597 by 2030 to help pay for investment. - Guardian
Wednesday newspaper round-up: Amazon, Lloyds Banking, Heathrow
(Sharecast News) - Amazon is to settle a group claim from delivery drivers that it deprived them of thousands of pounds, the Guardian has learned, ending a suit that lawyers had said could cost the company £140m. Drivers who deliver for the internet marketplace through its "delivery service partners" (DSPs) are classed as self-employed, meaning they are not entitled to benefits such as holiday pay and the minimum wage, while they also do not have an employment contract. - Guardian
Tuesday newspaper round-up: Amazon, Lycamobile, Revolut
(Sharecast News) - Thousands of workers at Amazon are threatening to strike at the company after giving the company a deadline of 15 December to agree to begin negotiating a first contract with the union representing employees. The strike threats, which started in New York, have now spread to Chicago and Atlanta. They come during Amazon's peak holiday season and after the company experienced record sales during its 2024 Black Friday and Cyber Monday events. - 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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