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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.

Wednesday newspaper round-up: Just Eat, energy suppliers, Amazon

(Sharecast News) - The takeaway company Just Eat is planning to open a customer service site in north-east England, which will employ 1,500 people as it brings jobs back from India and Bulgaria. The business said that it would invest £100m in the region over the next five years, with staff working partly from home and partly from its new Sunderland-based office. - Guardian Several UK energy suppliers have said they will raise the price of their standard gas and electricity tariffs to the maximum limit set by the energy regulator for the coming winter. Ofgem's price cap will climb to its highest level since it was introduced in early 2019 owing to a surge in global gas market prices. The regulator said that for 11 million households who pay by direct debit, energy bills would increase from an average of £1,138 a year to £1,277 from October. - Guardian

Amazon is paying new warehouse recruits a £1,000 bonus in an effort to win workers amid a mounting UK hiring crisis. The US tech giant is advertising for "urgently needed" warehouse staff for its sites across the UK, including Darlington, Dartford, Swansea, Redditch and Coventry. Amazon is the latest company to introduce new joiner bonuses as UK companies struggle with staff shortages caused by a combination of Brexit, the coronavirus and self-isolation rules. - Telegraph

Lord Rose of Monewden, the former boss of Marks & Spencer, has been lined up as chairman of Asda as it searches for a replacement chief executive. Rose, 72, is being considered by the Issa brothers, owners of Asda, after the abrupt departure this month of Roger Burnley as chief executive. Rose is already chairman of EG Group, the brothers' petrol station business, after it moved to allay concerns about its corporate governance earlier this year. - The Times

Sales of Tesla electric cars topped £1 billion in Britain last year. The latest filings at Companies House of Tesla Motors Ltd, the UK distributor, show revenues for 2020 of £1.14 billion. On that it reported a pre-tax profit of £14.5 million, up from £5.1 million in 2019 when revenues were £559 million. It paid tax of £2.7 million in 2020. - 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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