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Tuesday newspaper round-up: NatWest, working from home, Tripledot

(Sharecast News) - NatWest has become the first bank in 2022 to announce it will close some of its outlets as customers shun branches for mobile banking. The high street lender will shut 32 branches across its NatWest and Royal Bank of Scotland brands in England and Wales over the next year. - Guardian

The major buy now, pay later companies Clearpay, Klarna, Laybuy and Openpay have agreed to change "potentially unfair and unclear" terms and conditions after an intervention from the financial regulator. The Financial Conduct Authority (FCA) said it was able to use consumer law to enforce the changes. However, the regulator acknowledged that it was still lacking the powers to regulate the sector to the same standard as other consumer credit companies. - Guardian

Working from home was more expensive than going to the office for one in five workers last month, as rising household bills undermined the financial benefits of avoiding the commute. The largest proportion of respondents to an Office for National Statistics survey - almost half - said working from home still offered savings on their pre-pandemic lifestyle. - Telegraph

One of Britain's fastest-growing technology companies has secured $116 million in investment in a deal that gives it a "unicorn" valuation of $1.4 billion. The London-based Tripledot Studios, which makes smartphone games such as Woodoku, a woodblock-style puzzle, said that it would use the funds to develop titles and acquire rival studios. - The Times

An "urban miner" that recycles metals for reuse in electric vehicle batteries is preparing to list in London. Neometals, which is already listed in Australia with a valuation of about £400 million, is seeking a dual-listing on Aim, London's junior stock market. Chris Reed, its chief executive, described Neometals as a "new-age urban miner", adding: "We're like the Wombles, making good use of the things that we find. Just think of me as Orinoco." - 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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