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Wednesday newspaper round-up: Telecoms providers, redundancy capital, Telegraph

(Sharecast News) - A Tory MP who accused the gambling regulator of being too "heavy handed" has received more than £8,000 in hospitality and payments from the betting industry this year, including tickets to see Madonna. Craig Whittaker, the MP for Calder Valley in West Yorkshire, criticised the Gambling Commission in an article for the Conservative Home website last week. - Guardian The UK's biggest telecoms providers are lining up above-inflation price increases for broadband and mobile customers that will add almost £500m to consumers' bills from next spring, according to a new estimate. BT, EE, Vodafone, Virgin Media O2 and TalkTalk are to increase bills for more than 22 million broadband and mobile phone customers under "mid-contract" price rise clauses from April and May next year. - Guardian

A downturn in tech and construction has made London the redundancy capital of Britain, new data shows. One in six companies is planning to cut staff as the jobs market there is disproportionately hit by slumps in retail, housebuilding and IT, according to the Recruitment and Employment Confederation (REC). - Telegraph

An anti-greenwashing rule intended to stop fund managers from misleading investors with unsubstantiated environmental claims has been put back by six months. The Financial Conduct Authority (FCA) revealed the new regime would now be implemented on May 31 next year and not immediately as previously planned. - The Times

More than two thirds of subscribers to The Daily Telegraph have said they would be less likely to read the newspaper if it is taken over by an Abu Dhabi-backed group, according to a survey highlighting the risks to the publication from its possible change of ownership. A YouGov poll of more than 500 adults found that 69 per cent of those who had a subscription, and 64 per cent who were readers, were either "a bit" or "much" less likely to continue to pick the paper if it is backed by Sheikh Mansour bin Zayed al-Nahyan of Abu Dhabi. This rose to 76 per cent of subscribers and readers when the United Arab Emirates' history of censorship was highlighted to survey respondents. - 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
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(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
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(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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