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Wednesday newspaper round-up: Bookies, water companies, John Lewis

(Sharecast News) - Bookmakers and casinos will be forced to fund NHS services that tackle problem gambling, after Labour rubber-stamped the previous government's plans, which also include a cap of as little as £2 on the sums that can be staked on online slot machines. The Guardian revealed on Monday that the government was poised to approve the new "statutory levy", using proceeds of around £100m a year to fund research, prevention and treatment of gambling harms. - Guardian Water companies in England are using loopholes in order to not pay people who are left for days without running water, the CEO of the regulator has said. Tens of thousands of homes across the country have been left without water for days this year as ageing pipes burst. In May, 32,500 properties in Hastings and St Leonards-on-Sea had no service after a mains pipe burst, with some homes left without running water for five days. In January, households across Reading also faced an interruption to their water supply. - Guardian

Labour is poised to water down electric vehicle (EV) rules amid a mounting crisis in the industry over the pace of the transition away from petrol and diesel cars. Jonathan Reynolds, the Business Secretary, on Tuesday night confirmed a review of the Government's zero emission vehicle (ZEV) mandate after warnings from carmakers that the rules were putting the industry's future at risk. - Telegraph

John Lewis has said it is "worried" about the impact of higher employment costs after Rachel Reeves's decision to increase the National Minimum Wage. In a fresh warning to the Chancellor over measures announced in the Budget, a senior John Lewis director said inflated labour costs were weighing on the department store as it attempts to turn around its fortunes. - Telegraph

More than 1,100 jobs at the historic van-making factory of Vauxhall in Luton are at risk after parent company Stellantis announced it planned to shut the site next April. In a blow to the UK automotive industry, Stellantis said it was in consultation with unions and employees over the proposals. - The Times

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Friday newspaper round-up: Aldi, Richard Desmond, Collateral
(Sharecast News) - The grocery industry watchdog is to make a rare intervention in a Yorkshire sprout grower's £3.7m legal case against Aldi over the discount chain's decision to terminate a long-term supply deal. In papers filed at the high court, W Clappison Ltd, which produced sprouts for Aldi's UK arm for 13 years, said its supply agreement was ended in February last year at planting time without reasonable notice so it was unable to find new clients immediately. It said it was forced to cease sprout production and sell off its machinery. - Guardian
Thursday newspaper round-up: Water bills, Brexit, Imperial Brands
(Sharecast News) - Households in England and Wales will see their water bills rise by an average of £31 a year, as suppliers pay to fix leaky pipes and cut pollution. The industry regulator Ofwat said on Thursday it would allow companies to raise average bills will rise by £157 over five years to an average of £597 by 2030 to help pay for investment. - Guardian
Wednesday newspaper round-up: Amazon, Lloyds Banking, Heathrow
(Sharecast News) - Amazon is to settle a group claim from delivery drivers that it deprived them of thousands of pounds, the Guardian has learned, ending a suit that lawyers had said could cost the company £140m. Drivers who deliver for the internet marketplace through its "delivery service partners" (DSPs) are classed as self-employed, meaning they are not entitled to benefits such as holiday pay and the minimum wage, while they also do not have an employment contract. - Guardian
Tuesday newspaper round-up: Amazon, Lycamobile, Revolut
(Sharecast News) - Thousands of workers at Amazon are threatening to strike at the company after giving the company a deadline of 15 December to agree to begin negotiating a first contract with the union representing employees. The strike threats, which started in New York, have now spread to Chicago and Atlanta. They come during Amazon's peak holiday season and after the company experienced record sales during its 2024 Black Friday and Cyber Monday events. - 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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