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Friday newspaper round-up: Thames Water, NatWest, Metro Bank

(Sharecast News) - Thames Water has pumped at least 72bn litres of sewage into the River Thames since 2020 - roughly equal to 29,000 Olympic swimming pools - new figures reveal. Water firms have no legal obligation to report the amount of sewage discharged, only the number of hours that it was released. But campaigners argue this data is insufficient as this does not properly quantify how much sewage is in England's rivers. - Guardian Vehicle breakdowns caused by Britain's pothole-ridden roads reached record levels this year, according to the RAC. The motoring organisation said it received almost 6,000 calls for pothole-related incidents from July to September - its highest total for the relatively benign summer period since it started collecting data in 2006. - Guardian

NatWest is preparing to block the majority of Dame Alison Rose's £10m-plus exit payout over her role in the Nigel Farage debanking scandal, according to reports. The board of the bank has decided to dock the exit package of NatWest's former chief executive and confirmation was expected as soon as Friday morning, according to Sky News. - Telegraph

Shell is suing Greenpeace for $2.1 million after activists from the environmental group occupied one of its vessels to protest against its North Sea oil drilling plans. The oil major claimed that it had incurred significant costs after six Greenpeace activists boarded a ship carrying a floating production, storage and offloading vessel in January as it was en route to a shipyard in Norway. The activists occupied the vessel, which is ultimately intended for use at the Penguins field in the UK North Sea, for 13 days. - The Times

Shareholders in Metro Bank have been warned that the lender risks being put into resolution by the Bank of England if they do not support a £925 million rescue package at a vote this month. Metro said on Thursday that it would hold a meeting on November 27 to secure shareholder approval for the emergency funding deal it struck last month. - The Times

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Thursday newspaper round-up: Asda, Post Office, M&S, Frasers Group
(Sharecast News) - The owners of Asda are facing mounting pressure after figures showed the struggling supermarket chain's share of the grocery market reached a "new nadir" as sales fell sharply this summer. The grocer's sales fell 6.4% in the three months to 10 August, equivalent to more than £2bn in annual lost revenues, as it became the only member of the traditional "big four" supermarkets to see sales shrink, according to analysts at NIQ. - Guardian
Wednesday newspaper round-up: Waitrose, McDonald's, Crown Agents
(Sharecast News) - Waitrose is planning to open 100 convenience stores over the next five years as part of a £1bn-plus investment in new outlets and shop refurbishments. The upmarket grocery chain is planning to unveil a revamped outlet in Finchley Road, north London, on Wednesday. This will kick off a new phase of expansion with its first new store in six years in Hampton Hill, west London, by the end of this year. - Guardian
Tuesday newspaper round-up: Missing yacht, City Airport, energy bills
(Sharecast News) - Morgan Stanley International chairman Jonathan Bloomer is among those missing after a yacht carrying UK tech entrepreneur Mike Lynch sank off the coast of Sicily during a violent storm, an Italian official has said. Salvatore Cocina, head of the civil protection agency in Sicily, said Bloomer and Chris Morvillo, a lawyer at Clifford Chance, were among the six people missing. Lynch and his 18-year-old daughter, Hannah, were also unaccounted for as of late Monday. - Guardian
Monday newspaper round-up: Ted Baker, banks, Boohoo
(Sharecast News) - Fashion brand Ted Baker's remaining 31 stores in the UK are to close this week, putting more than 500 jobs at risk. Started as a men's clothing label in Glasgow in 1988 by entrepreneur Ray Kelvin and becoming known for its quirky advertising and floral prints, Ted Baker's UK arm entered administration in March after racking up losses. - 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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