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Tuesday newspaper round-up: Gambling, DWF, credit card spending

(Sharecast News) - The main lobby group for the UK gambling industry has been accused of making inaccurate statements relating to the regulation of the £10bn-a-year sector the day before its boss appears before a parliamentary committee. Michael Dugher, the chief executive of the Betting & Gaming Council (BGC), is to be question by MPs on the select committee for culture, media and sport on Tuesday as part of a review of government proposals to improve gambling regulation. - Guardian Labour would use artificial intelligence to help those looking for work prepare their CVs, find jobs and receive payments faster, according to the party's shadow work and pensions secretary. Jonathan Ashworth told the Guardian he thought the Department for Work and Pensions was wasting millions of pounds by not using cutting-edge technology, even as the party also says AI could also cause massive disruption to the jobs market. - Guardian

The boss of National Grid has complained that it takes a decade to build a new power line in an attack on planning red tape. John Pettigrew, the company's chief executive, said that Britain's planning rules add seven years of delays to the construction time for cables. His warning comes amid ongoing rows over delays in connecting new wind and solar farms to the UK's electricity grid, which are threatening the Government's target of making the network carbon neutral by 2035. - Telegraph

At least 40 lawyers are set for a payday of over a million pounds each as British law firm DWF prepares to go private. London-listed DWF on Monday said it is in negotiations to sell itself to Inflexion Private Equity in a deal worth about £342m. The takeover would result in a lucrative payday for many current and former DWF partners who own shares in the law firm. - Telegraph

Consumer card spending rose by 5.4 per cent last month as grocery shopping on cards jumped by 9.5 per cent, the highest growth in the category for two years, though still below the rate of food prices inflation. According to data from Barclays, 67 per cent of supermarket shoppers said they were looking for ways to cut the cost of their weekly shop, with 32 per cent shopping at multiple supermarkets in pursuit of deals. - The Times

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Tuesday newspaper round-up: Sizewell C, State pensions, Gaza
(Sharecast News) - Ed Miliband has given final approval for the construction of Sizewell C nuclear power station at a cost of at least £38bn. The Energy Secretary took the final investment decision on the controversial power station on Tuesday. The site will take at least a decade to build. The Suffolk nuclear plant will have a capacity of about 3.2 gigawatts, enough to supply the needs of about six million homes for at least 60 years. - Daily Telegraph
Monday newspaper round-up: LSE, Ofwat, house prices...
(Sharecast News) - London Stock Exchange Group is weighing whether to launch 24-hour trading as bourses race to extend access to stocks amid growing demand from small investors active outside normal business hours. The group is looking into the practicalities of increasing its trading hours, according to people familiar with the situation, from the technology required to regulatory implications. Financial Times
Friday newspaper round-up: JLR, BNPL, Telegraph sale, water industry
(Sharecast News) - Britain's largest carmaker, Jaguar Land Rover, has delayed the planned launches of its new electric Range Rover and electric Jaguar models to give it time for more testing and for demand to pick up, the Guardian can reveal. JLR has written to customers waiting for the Range Rover Electric to inform them that deliveries of the new version of the model will not start until next year, after initially aiming for late 2025. - Guardian
Thursday newspaper round-up: WPP, Jerome Powell, Elon Musk
(Sharecast News) - The advertising agency WPP has been asked to work up ideas for a government-endorsed advertising blitz to urge more consumers to invest in stocks through a "Tell Sid"-style campaign expected to cost tens of millions of pounds. Plans for the nationwide push were announced by chancellor Rachel Reeves on Tuesday at her Mansion House speech, as she unveiled a fresh deregulation drive meant to increase financial risk-taking across the UK to help spur growth. - 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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