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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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(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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