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Monday newspaper round-up: Airport expansion, workplace pensions, ITV

(Sharecast News) - The younger, tormented minister mulling his position before the Labour government granted Heathrow's third runway in 2009 might have been greatly relieved to know that, 15 years later, not a shovel would have touched the ground. But now, returning to power with a revamped energy and climate brief, Ed Miliband again finds himself in a cabinet which, many in aviation hope, may usher in bigger airports and more flights - as well as enough CO2 emissions to outweigh any new solar farms. - Guardian Employees as young as 16 should be automatically enroled into workplace pensions and there is a strong case for making their employers pay in even when they do not contribute themselves, according to a leading thinktank. The Institute for Fiscal Studies (IFS) has warned that many current workers are on track for "inadequate retirement incomes", with between 30% and 40% of private sector workers, 5 to 7 million people, likely to fall short of what is needed for a minimum standard of living. - Guardian

A £1.6bn contract to build three Royal Navy warships has been plunged into crisis as the company hired to assemble them teeters on the brink of administration. Harland & Wolff, the Belfast-based shipyard famous for building the Titanic, is understood to be preparing to file for administration as early as Monday amid concerns it will run out of cash by the end of this month. - Telegraph

ITV has launched an online shopping tool as it attempts to recover revenues lost by a decline in traditional advertising sales. The broadcaster has released a discount code service for online shoppers that will automatically add cost-saving promotions when making internet purchases. ITV will earn commissions when shoppers use the tool, called Kerching, which is available as a downloadable web browser extension. - Telegraph

Rachel Reeves has been warned that "significant action" is needed to stabilise the public finances in a report that calls for an overhaul of the fiscal regime, including scrapping stamp duty and reining in the pension triple lock. The Organisation for Economic Co-operation and Development said that the government faced "mounting spending pressures" stemming from higher health, pension and climate change costs. - The Times

A former high court judge leading a review into a £1 billion banking fraud has been warned that her inquiry risks losing the trust of victims after it emerged it is still receiving evidence in its eighth year. Dame Linda Dobbs, who is reviewing whether Lloyds Banking Group covered up a scam at HBOS, which it rescued in 2009, has been told that the protracted nature of the exercise risks benefiting alleged perpetrators and exacerbating the suffering of victims. - The Times

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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
Monday newspaper round-up: Pubs, petrol prices, passive funds
(Sharecast News) - Fifty pubs a month closed for good across England and Wales in the first half of this year, with experts warning that tax rises in 2025 could make it even harder for some businesses to keep their doors open. Analysis by the real estate intelligence company Altus found that 305 pubs were forced to shut their doors permanently in the first six months of the year, meaning the number of pubs in England and Wales fell to 39,096 at the end of June. - Guardian
Sunday newspaper round-up: Regulated Utilities, Rolls-Royce, Fuel allowance
(Sharecast News) - Singapore sovereign wealth fund GIC is among several international investors who have told the government that they will not look at opportunities in the UK regulated utility sector in the wake of crisis around Thames Water. It is understood that one person at the meeting said that the "UK is totally off our radar at the moment" due to regulators having become "too unpredictable". However, GIC was said to remain bullish on other UK investment opportunities notwithstanding their negativity towards UK regulated utilities. - The Sunday Times
Friday newspaper round-up: Workers' rights, Wimbledon, Glencore execs
(Sharecast News) - Trade union leaders will meet senior ministers on Saturday for crunch talks on the government's workers' rights package, as the government looks to head off a potentially damaging row at Labour conference. General secretaries from the 11 unions affiliated to Labour will meet Angela Rayner, the deputy prime minister, and Jonathan Reynolds, the business secretary, on the eve of conference to thrash out details of the package, sources have told the Guardian. - 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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