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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.

Thursday newspaper round-up: Turkeys, pay rises, Daily Mail

(Sharecast News) - Ranjit Singh Boparan, the owner of East Anglian turkey producer Bernard Matthews, said the first workers would arrive in the next few days as it prepared for the busy festive season. Boparan said: "With just a few weeks to go until Christmas, it is very good news to be able to report that here we are in mid-November, and we're well on the way to plugging the job gaps for the massive volume increases we get during this time of year. - Guardian

Faster train journeys will be delivered up to 10 years sooner than planned, the government has insisted amid anger over an expected decision to axe key schemes. The Department for Transport (DfT) said its Integrated Rail Plan (IRP) will feature £96bn of investment in the Midlands and the North. The plan, which will be published on Thursday, is expected to confirm that the eastern leg of HS2 will be scrapped between the east Midlands and Leeds, savings tens of billions of pounds. - Guardian

Workers need a pay rise of more than 7pc next year just to stand still as surging inflation and looming tax rises erode their spending power, the Institute of Fiscal Studies has warned. Prices jumped 4.2pc in the 12 months to October, according to official statistics. This is more than double the Bank of England's 2pc target, as energy prices soar and global supply shortages bite. - Telegraph

The editor of the Daily Mail, Geordie Greig, has been ousted after three years in a move that paves the way for a merger with its Sunday sister title and a greater focus on digital journalism. Mr Greig is to be replaced by Ted Verity, currently editor of the Mail on Sunday, who will take a new job as editor of Mail Newspapers that puts him in control of both titles. - Telegraph

More than half of younger investors get stock-trading tips from social media sites such as TikTok and Reddit, research has revealed. Fifty-six per cent of 18 to 34-year-olds use the platforms for inspiration before buying and selling shares, according to a survey of 2,000 people by Opinium for Hargreaves Lansdown, the investment platform. - The Times

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(Sharecast News) - The union that represents workers at Royal Mail has called for a new business model for the company that would see workers given a stake in the company and pay tied to growing services and meeting certain social benefits. Dave Ward, the general secretary of the Communications Workers Union (CWU), said that the potential takeover by the Czech billionaire Daniel Křetínský should provide a moment to overhaul how the company is structured, which could mirror that of US-style public benefit corporations. - Guardian
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(Sharecast News) - A leading City lobby group is calling on the next government to bring in scams legislation that forces big tech and social media companies to cough up to £40m a year to reimburse customers and fight fraud on their platforms. The demand came in a 'financial services manifesto' released by UK Finance, which represents banks, payments companies and other financial firms. UK Finance and its 300 membershave long complained about having to shoulder the costs of fraud against their customers, despite a surge in the number of scammers targeting consumers through platforms such as Facebook and Google. - 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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