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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Monday newspaper round-up: Four-day week, UK energy, Apple

(Sharecast News) - Fraudsters may have stolen £500,000 from a taxpayer-funded scheme aimed at accelerating the removal of dangerous cladding from buildings, the public spending watchdog has revealed. The National Audit Office said the government decision to prioritise speed in handing out money to building owners had increased its risk of losses from fraud. The warning came in an NAO report into the government's progress in remediating dangerous cladding from blocks after the Grenfell Tower fire in 2017. - Guardian One thousand workers in the UK will get extra time off with no loss of pay in the first official pilot by the four-day week campaign under the Labour government. The British Society for Immunology and Crate Brewery in Hackney, east London, are among the businesses to have joined the latest trial, which is being led by the 4 Day Week Campaign, as it launches on Monday. - Guardian

Cornwall is home to more solar panels than anywhere else in the country, new figures show, fuelling a growing backlash from local farmers and small businesses. The south-west county now boasts more than 27,000 sites generating solar energy, with even more planned under Ed Miliband's green energy rollout. The spread of solar energy across the Cornish countryside has been welcomed by climate campaigners. However, it has also sparked anger among residents and councillors who claim the local landscape has been ruined by an influx of large glass solar panels. - Telegraph

Shares in Apple will be in focus on Monday after Warren Buffett's Berkshire Hathaway continued to slash its stake in the tech company as part of a selling spree that has lifted his cash pile to record levels. The billionaire's industrials-to-insurance conglomerate disclosed on Saturday that it had reduced its position in Apple to $69.9 billion in the third quarter, indicating it had shed a further 100 million shares in the period, or a quarter of its holding. - The Times

The head of the International Energy Agency has backed the government's ambitious plan to clean up Britain's power supply by 2030 so the UK can keep its lead in cutting-edge energy industries. Labour has faced criticism for its ambition to supply almost all the country's electricity with wind, solar and nuclear energy in only six years' time. - The Times

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(Sharecast News) - Great Britain "lags behind" Europe on measures to restrict betting adverts, according to a report released days after official data showed a sharp increase in the number of children with a gambling problem. Restrictions on ads by bookmakers and casinos are increasingly becoming "the norm" across Europe in response to public health concerns, according to a report commissioned by GambleAware, the UK's leading gambling charity. - Guardian
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(Sharecast News) - Dozens of health and children's groups have urged ministers to tackle obesity by imposing taxes on foods containing too much salt or sugar. New levies based on the sugar tax on soft drinks would make it easier for consumers to eat more healthily by forcing food manufacturers to reformulate their products, they claim. - Guardian
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(Sharecast News) - Companies could face fines of up to $50m for failing to prevent scams and may be forced to compensate victims under new laws the Albanese government says would give Australians the strongest anti-scammer protection in the world. The government will introduce legislation to federal parliament on Thursday to establish its long-awaited "scams prevention framework". - Guardian
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(Sharecast News) - Cross-channel train operator Eurostar has been criticised by the advertising watchdog for exaggerating the number of £39 seats on sale. The Advertising Standards Authority (ASA) ruled that Eurostar ads across Instagram and Facebook for £39 tickets from London to Amsterdam and Brussels were misleading, the second time it has censured its ads this year. - 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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