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Thursday newspaper round-up: Energy bills, Tata Steel, NMC Health

(Sharecast News) - Household energy bills are to rise after prices on the UK's wholesale electricity market soared to a record high last month, furthering concerns about more families being pushed into fuel poverty this winter. The electricity market price passed the £100 a megawatt-hour mark last month for the first time since the market was formed in 1990, according to analysis by Imperial College London. - Guardian

The owner of Port Talbot steelworks crashed to a £347m annual loss as the pandemic hit demand, but insisted its finances are healthier after its parent, Tata, pumped in almost £1bn of equity. Losses at Tata Steel UK in the year to the end of March improved from £654m a year earlier but underlined the struggles of Britain's steel industry. - Guardian

Treasury civil servants will be allowed to permanently work from home for most of the week in a shift that threatens to undermine Rishi Sunak as he attempts to revive cities by pushing for office workers to return. Job adverts reveal that most of the department's staff will never have to come back to their desks full time, and will be free to stay at home for two or three weekdays. - Telegraph

More than half of American businesses are planning or considering requirements relating to the Covid jab by the end of the year, more than double the 21 per cent of companies that have some form of mandate at present. Options vary from a strict order for all employees to be vaccinated to limiting access to certain areas such as cafeterias to inoculated workers, according to Willis Towers Watson. - The Times

Creditors of NMC Health, the former FTSE 100 private healthcare group embroiled in a "massive" fraud scandal, have approved a restructuring that will allow 34 group companies to exit administration in Abu Dhabi and to continue to operate the core business. In a vote in the United Arab Emirates yesterday, creditors gave "overwhelming" support for an effective debt-for-equity swap called a deeds of company arrangement. - The Times

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Wednesday newspaper round-up: Aviva Investors, HSBC, car finance
(Sharecast News) - One of the UK's biggest pension funds has lost more than £350m on a series of "calamitous" investments in incinerator power plants that are expected to go bust in the coming days. The Guardian understands that Aviva Investors will put three incinerators into administration this week after pouring millions of pounds into what has been described as the country's "dirtiest form of power generation". - Guardian
Tuesday newspaper round-up: Starling Bank, Asos, Morrisons
(Sharecast News) - Staff have resigned at Starling Bank after its new chief executive demanded thousands of workers attend its offices more regularly, despite lacking enough space to host them. In his first major policy change since taking over from the UK digital bank's founder, Anne Boden, in March, Raman Bhatia has ordered all hybrid staff - many of whom were in the office only one or two days a week, or on an ad-hoc basis - to travel to work for a minimum of 10 days each month. - Guardian
Monday newspaper round-up: Energy bills, Black Friday, Lloyds Bank, Sephora
(Sharecast News) - Household energy bills across Great Britain are set to rise at the start of next year, analysts predict, putting more pressure on household finances. Officially, the price cap for January-March 2025 will be set on Friday morning by regulator Ofgem, limiting what energy providers can charge in England, Scotland and Wales. - Guardian
Sunday newspaper round-up: Kursk, AstraZeneca, BAE Systems
(Sharecast News) - America's President has authorised Ukraine to employ long-range ATACMS supplied by the US to strike targets inside Russia. More specifically, Kyiv will now be allowed to strike targets within the Kursk region, the New York Times reported. Speculation may increase that permission from Britain, the US and France to do the same with Storm Shadow missiles could follow. Joe Biden's decision is said to have been triggered by the appearance of North Korean troops in the Kursk region. - The Sunday Telegraph

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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