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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.

Tuesday newspaper round-up: Haulage industry, William Hill, Facebook

(Sharecast News) - The haulage industry has urged Boris Johnson to step up "lacklustre" efforts to tackle a shortage of 100,000 HGV drivers, telling him to act now on supply chains or face a Christmas crisis. Bosses of multiple trade bodies and businesses in the trucking and food industries have written to the prime minister saying not enough had been done to resolve the crisis and urging him to intervene personally. - Guardian William Hill has been accused of deploying "cynical" tactics to keep people gambling after the bookmaker launched an in-store cafe selling hot food, with some items cheaper than at McDonald's. At one branch of the bookmaker in the Arndale shopping centre in central Manchester signage advertised a "WH Cafe", selling meal deals, burgers and breakfast. - Guardian

Facebook has warned that its growth will slow down dramatically in the coming months amid iPhone privacy changes, a further blow to the embattled social network as it wrestles with a whistleblower scandal. The social media giant said revenues had grown by 35pc in the third quarter of the year to $29bn (£21bn), a marked slowdown on the 56pc growth in the previous three months. - Telegraph

Policymakers should wait to judge the impact of the end of the furlough scheme before raising interest rates, a ratesetter at the Bank of England said. Silvana Tenreyro, an external member of the monetary policy committee, said that policymakers should assess official data showing how well the labour market coped after the coronavirus job retention scheme closed at the end of September. - The Times

A cryptocurrency company is to buy the Gibraltar Stock Exchange, which will enable investors to buy crypto, debt and equities on the same bourse. Valereum Blockchain, which aims to link fiat currencies - government-issued money not backed by a commodity, such as sterling or US dollar - to cryptocurrencies, has signed an option to buy 80 per cent of the exchange. - The Times

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(Sharecast News) - The union that represents workers at Royal Mail has called for a new business model for the company that would see workers given a stake in the company and pay tied to growing services and meeting certain social benefits. Dave Ward, the general secretary of the Communications Workers Union (CWU), said that the potential takeover by the Czech billionaire Daniel Křetínský should provide a moment to overhaul how the company is structured, which could mirror that of US-style public benefit corporations. - Guardian
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(Sharecast News) - A leading City lobby group is calling on the next government to bring in scams legislation that forces big tech and social media companies to cough up to £40m a year to reimburse customers and fight fraud on their platforms. The demand came in a 'financial services manifesto' released by UK Finance, which represents banks, payments companies and other financial firms. UK Finance and its 300 membershave long complained about having to shoulder the costs of fraud against their customers, despite a surge in the number of scammers targeting consumers through platforms such as Facebook and Google. - Guardian
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(Sharecast News) - The next government should force all tradespeople who install home heat pumps, solar panels and insulation to sign up to a mandatory accreditation scheme to counter mistrust in the industry, a leading consumer group is demanding. A report from Which? found that households face "significant anxiety" in choosing tradespeople to fit low-carbon heating systems, such as heat pumps, and insulation after "press stories about poor work and rogue traders". - 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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