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Thursday newspaper round-up: ONS, Saba Capital, Telegraph

(Sharecast News) - The government's statistics agency is spending £8m to hire an army of low-paid temporary workers amid efforts to fix its "virtually unusable" data on unemployment and wages in Britain. Under pressure over the quality of its data, the Office for National Statistics last month agreed the multimillion-pound deal with the employment agency Randstad to recruit interviewers to help increase the reliability of its labour force survey (LFS). - Guardian Campaigners will be blocked from "excessive" legal challenges to planning decisions for major infrastructure projects including airports, railways and nuclear power stations as part of the government's drive for economic growth. High court judges will be given the power to rule that judicial reviews on nationally significant projects that they regard as "totally without merit" - and which can currently be brought to the courts three times - will be unable to go to appeal. - Guardian

Sweden is urging Britain to club together with Northern European neighbours to purchase a fleet of mini-nuclear power plants. Ebba Busch, the Swedish deputy prime minister, said her country wanted to band together with allies to jointly order at least "10 to 15" small modular reactors (SMRs) in a bid to cut costs and share expertise. - Telegraph

Lisa Nandy, Culture Secretary, must set a deadline for a sale of The Telegraph by an Abu Dhabi fund after it made a "very concerning" call for budget cuts, Sir Ed Davey has demanded. Sir Ed, the Liberal Democrat leader, was responding to news that RedBird IMI, which was blocked from completing its attempted takeover last year, had urged Telegraph executives to make one in 10 staff redundant and abandon planned editorial investments. - Telegraph

Saba Capital's plan to take control of seven UK investment trusts has suffered a blow as the first group of shareholders to vote on its plans "almost unanimously'' rejected them. Herald Investment Trust said the proportion of shareholders who voted against resolutions put forward by Saba, a US hedge fund, represented a "damning indictment" of Saba's proposals to remove the trust's board and appoint its own choice of directors. - The Times

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Sunday newspaper round-up: Etihad float, Shein, Thames Water
(Sharecast News) - Abu Dhabi based carrier Etihad is planning to float a stake of up to 20% on the Abu Dhabi Stock Exchange. Sources indicate that it could command a valuation of $5bn (£4bn). It would be the second such transaction for its boss, Antonoaldo Neves. In 2017, the former McKinsey partner floated Azul, Brazil's third-largest airline, on the New York Stock Exchange. For Neves, any airline that aspires to be "relevant" needs to tap into different sources of capital. Its goal is to fly 170 jets by 2030, up from 93 at present. - The Sunday Times
Friday newspaper round-up: Gambling sector, FOS, Amazon
(Sharecast News) - The gambling regulator has accidentally handed over more than 4,000 sensitive documents to lawyers acting for the media tycoon Richard Desmond, in an "unprecedented" blunder during its legal battle over the £6.4bn national lottery contract, the Guardian understands. Northern & Shell (N&S), the investment group owned by Desmond, is suing the Gambling Commission for £200m in damages over its handling of the lottery licence award process. - Guardian
Thursday newspaper round-up: CMA, Riverford, Lloyds, Arm Holdings
(Sharecast News) - The appointment of the former boss of Amazon UK to lead the competition watchdog poses a threat to its independence and pledge to hold big tech to account, according to a group including tech companies and the former business secretary Vince Cable. The group - which includes the News Media Association, the Firefox developer Mozilla, the consumer group Which? and the Future of Technology Institute - has written to the chancellor, Rachel Reeves, to raise concerns about the appointment of Doug Gurr as the interim chair of the Competition and Markets Authority (CMA). - Guardian
Wednesday newspaper round-up: Thames Water, Johnson & Johnson, BoE
(Sharecast News) - Thames Water may need as much as £10bn in debt and equity investment to repair its finances, according to a representative of creditors hoping to lend the struggling utility another £3bn. London's high court heard evidence on Tuesday that suggested the UK's largest water company may need significantly more resources than the roughly £6.3bn it has previously indicated. - 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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