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Thursday newspaper round-up: Daily Mirror, Tesla, Unaoil

(Sharecast News) - Nurses, care home staff and police officers working on Christmas Day will be thousands of pounds worse off than they were a decade ago as a result of wages failing to keep pace with prices, Trades Union Congress analysis has shown. Urging the government to raise the minimum wage to £10 an hour, the TUC said the key workers expected to keep Britain going on 25 December had taken real pay cuts since 2010. - Guardian The EU has taken a first step in setting a 15% minimum corporate tax for multinationals, in line with a global agreement struck earlier this year, as the White House has hit a hurdle in its efforts to turn the pact into law. Announcing the launch of a new EU tax directive, Paolo Gentiloni, commissioner for the economy, said he expected the 27 member states to agree on the fine details within six months despite concerns held in some European capitals. - Guardian

The publisher of the Daily Mirror faces an intervention by the Pensions Regulator after refusing demands from its retirement scheme to make larger contributions to address a substantial funding deficit. Reach, which as well as the Mirror titles publishes the Express, the Star and dozens of regional newspapers and websites, has hit a stalemate in triennial negotiations with the trustee of its pension fund. - Telegraph

Telsa is being investigated by US authorities for allowing video games to be played on the dashboard while vehicles are moving. The "Passenger Play" feature is used in about 580,000 Teslas in the US. Concerns have been raised that drivers themselves can play games while the car moving, or be distracted by passengers playing on the car's large central touchscreen. - Telegraph

A second former energy company executive is to appeal a bribery conviction as pressure mounts on fraud investigators over their handling of the Unaoil prosecutions. Lawyers for Paul Bond, 69, a former senior sales manager at SBM Offshore, a Dutch company, told The Times that they had lodged papers with the Court of Appeal to challenge his conviction. - The Times

A former hedge fund faces a £40.8 million fine from the City watchdog for failing to manage conflicts of interest created by an investment pot that was open only to the firm's employees. The penalty from the Financial Conduct Authority centres on alleged shortcomings in the way that BlueCrest Capital Management UK handled the movement of its traders between an external fund for outside investors and an internal vehicle that managed the personal wealth of its staff and partners. - The Times

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(Sharecast News) - Hargreaves Lansdown's three private equity suitors have until Wednesday to either table a formal bid for the investment platform or walk away. A £4.7bn offer presented in April was rejected. In particular, the bidders have been attracted by the firm's ability to deposit client cash at the Bank of England for a rate of 5.25%, whilst paying just 3% on a cash Isa of up to £10,000. That netted its £269m last year at no risk. - The Financial Mail on Sunday
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(Sharecast News) - The Financial Mail on Sunday's Midas column labelled shares of Oxford Instruments a "long-term buy".
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(Sharecast News) - The UK has seen an "explosion" in insecure, low-paid work in the past 14 years, according to a new report. The TUC said its study had found that the number of people in insecure work had reached a record high of 4.1 million. The analysis of official statistics shows the number of people in "precarious" employment - such as zero-hours contracts, low-paid self-employment and casual or seasonal work - increased by nearly 1 million between 2011 and 2023. - Guardian
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(Sharecast News) - Pensioners and people on disability benefits are the winners from radical changes to the welfare system made by the Tories over the last decade, while working-age families are losing out by thousands of pounds every year, according to a report by the Resolution Foundation. The Conservatives' 14-year overhaul of social security has shifted spending away from children and housing to supporting elderly people, and broken the link between entitlement and need for some of the poorest households in the country, the report says. - 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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