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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: Royal Mail, Shein, Canary Wharf

(Sharecast News) - The heads of the Communication Workers Union have acquiesced to Royal Mail's demand to end six-day-a-week letter deliveries, paving the way for historic cuts to postal services. Royal Mail wants to amend its universal service obligation so that it must only deliver second-class post every other day. Nonetheless, first-class mail would continue to be delivered on Saturday, union sources said. Ofcom has yet to respond to Royal Mail's proposals. - The Sunday Times London's top-flight index will get a boost next month when Chinese online retail giant Shein unveils its plans to list in London. The float has garnered support including from the Chancellor and shadow business secretary Johnny Reynolds. Key to Shein's decision was the worsening politics for Chinese firms in the States. That had led management to forego the possibility of a New York listing. At one point that had been their preferred option. - Financial Mail on Sunday

The Canary Wharf Group agreed to pay £150m towards a major refurbishment of Morgan Stanley's 547,000 sq. foot head office. That was the price for the U.S. lender not to exercise the break clause in its contract and remain at its current European headquarters until 20238. Its decision followed a string of high-profile departures. Morgan Stanley was also allowed to walk away from a lease on smaller offices at Westferry Circus in exchange for £27.5m. - The Sunday Times

Rolls-Royce has downsized its plans to construct two new small modular reactor factories in the UK. The decision follows delays to a government design competition. It can no longer proceed with plans to construct a factory to build the pressure vessels for its SMRs in time to meet its goal of manufacturing the first such vessels in the early 2030s. Construction of the second factory on the other hand, which will build the building blocks for the reactors, is still going ahead. - The Sunday Telegraph

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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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