Skip Header
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.

Thursday newspaper round-up: Gambling advertising, diesel prices, Revolut founder

(Sharecast News) - The UK should introduce a ban on almost all gambling advertising to protect public health, a cross-party group of peers has urged, prompting fury from the lobby group for bookmakers and casinos. In a 173-page report, the House of Lords liaison committee said the government had been "too passive" in response to an explosion of digital advertising and social media influencers promoting the gambling sector. - Guardian The UK government's EU reset summit will be delayed again unless the bloc agrees to discuss legislation that could lock British business out of parts of EU industry, government sources have said. The "Made in Europe" legislation - formally known as the Industrial Accelerator Act - is designed to curb China's increasing presence in European industry, but was not on the reset plan agreed by the former prime minister Keir Starmer and the European Commission chief, Ursula von der Leyen, in London in May 2025. - Guardian

UK drivers face paying £2.30 per litre for diesel by the end of the year if the Iran war continues to rage, analysts have warned. Global supply constraints from the Middle East conflict mean diesel pump prices could surge by another 19pc compared with current levels - surpassing the previous record set in 2022 by a margin of 31p per litre, according to Wood Mackenzie. - Telegraph

John Healey has appointed Britain's most powerful union boss to the board of the Bank of England. The Chancellor announced on Wednesday that Paul Nowak, the general secretary of the Trades Union Congress (TUC), would serve on the Bank's Court of Directors for the next four years. His appointment prompted an immediate political backlash after the Treasury insisted that Mr Nowak had "not engaged in any party political activity" in the past five years. - Telegraph

The billionaire founder of Revolut has denied owing money to a brokerage after buying a €350 million superyacht this year. Nik Storonsky has said he is not in debt to Cecil Wright & Partners (CWP), a luxury yacht broker, after the business sought commissions worth €17.5 million over claims that it arranged the deal. The yacht broker had alleged in a filing in London's High Court that Storonsky went "behind its back" to avoid paying commission on the yacht. - The Times

Share this article

Related Sharecast Articles

Wednesday newspaper round-up: Global defence bank, KPMG, Frasers Group
(Sharecast News) - John Healey is in talks with the Canadian government about joining a new global defence bank intended to help allies rearm to counter mounting security threats, just weeks after Rachel Reeves rejected the move. The chancellor is understood to be actively considering a bid to join the proposed Canada-led defence, security and resilience bank (DSRB), which proponents say could help the UK fund defence projects at lower cost, before planned talks with his Canadian counterpart this week. - Guardian
Tuesday newspaper round-up: Red Sea islands, BoE bond selling, energy imports
(Sharecast News) - Yemen's Houthi militants have seized two strategic islands in the Red Sea, reinforcing the Iran-backed group's ability to control a key shipping route, as concerns mount that the world is facing a new oil supply crisis. The seizure of the islands of Greater and Lesser Hanish is the latest in the militant group's swift advance across Yemen's Red Sea coast, after the capture of the port of Mokha and Perim island in the Bab al-Mandab strait. - Guardian
Monday newspaper round-up: hospitality businesses, rail passengers, Battersea Power Station
(Sharecast News) - Hundreds of UK hospitality businesses, backed by celebrity chefs including Angela Hartnett and Heston Blumenthal, have asked Andy Burnham to lay out plans to lower VAT for the sector, urging him to make good on his previous pledge. More than 800 businesses have written an open letter to the prime minister as part of the #VATsTheProblem campaign, to warn that without a "fairer tax burden for hospitality", there will be more closures and job losses, and fewer opportunities for young people. - 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.