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Thursday newspaper round-up: Virgin Atlantic, workplace lawsuits, Just Eat

(Sharecast News) - The UK's biggest electricity distribution business has agreed to pay £14.9m after its support for vulnerable customers during power cuts was deemed "totally unacceptable". The energy regulator said National Grid's Western Power Distribution (WPD) did not provide proper support to 1.7 million customers during the outages. An Ofgem investigation, launched in 2020, found that WPD had failed customers in a number of areas including not carrying out criminal record checks for all staff visiting customers' homes. - Guardian A Virgin Atlantic flight to New York was forced to return to Heathrow after bosses discovered that one of its pilots had not completed their training. Virgin Atlantic, majority-owned by billionaire businessman Sir Richard Branson, apologised for the disruption to passengers and blamed a "rostering issue". It said internal training protocols, rather than UK aviation or safety regulations, had been breached. - Telegraph

Workplace lawsuits including the word "banter" have shot up by 45pc in a year as former colleagues clash over what they deem to be acceptable office humour. The number of employment tribunal claims relating to "banter" as a justification for alleged discrimination rose from 67 in 2020 to a record 97 in 2021, according to research by law firm GQ Littler. - Telegraph

The chairman of Just Eat Takeaway resigned before the food delivery group's annual meeting yesterday after acknowledging shareholders' concerns at the way the company has been run. Adriaan Nuhn's abrupt exit came as the supervisory board withdrew the vote for the re-election to the management board of Jörg Gerbig, 41, the company's chief operating officer, amid a complaint about his personal conduct. - The Times

Construction companies are struggling to keep up with growing workloads amid the surge in materials costs and a shortage of skilled labour. Almost every contractor, builder and developer surveyed in the latest Global Construction Monitor from the Royal Institution of Chartered Surveyors said that availability of materials was a "major constraint to current activity". - 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
Friday newspaper round-up: Gambling ads, road building schemes, public sector pensions
(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
Thursday newspaper round-up: JLR, electric cars, Royal Mail
(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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