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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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Monday newspaper round-up: Job vacancies, Mike Ashley, John Lewis Partnership
(Sharecast News) - Rachel Reeves plans to end the UK's "fractious" post-Brexit accord with the EU, a relationship she said had been defined by "division and chaos", by promising closer ties in the first speech by a UK chancellor to eurozone finance ministers since 2020. Reeves will say she wants to adopt a "business-like" approach through an "economic reset" with the EU, offering the goal of driving up trade and growth. - Guardian
Sunday newspaper round-up: Al-Assad, Argentina, Aviva
(Sharecast News) - Syrian President Bashar al-Assad's regime appeared to collapse on Sunday morning, after rebels entered the capital Damascus. Assad's whereabouts are not clear but Moscow or Tehran are possibilities. One source told Reuters that Assad's plane disappeared off the radar when it was headed towards the country's coastal region. It made an abrupt turn before vanishing from the map. The pilot may have turned off the transponder but it's more likely that it was shot down. - Sunday Times
Friday newspaper round-up: Boeing, Boohoo, nuclear power stations
(Sharecast News) - Ten years ago, marketing executives at Britain's biggest supermarket had a brainwave: might slashing the price of basic vegetables tempt shoppers to do their Christmas shop with them? Tesco, under chief executive Dave Lewis, was trying to revive a business reeling after falling sales, five profit warnings and an accounting scandal. That promotion in December 2014, dubbed its Festive Five, offered bags of carrots, potatoes, brussels sprouts, parsnips and a cauliflower for 49p each. - Guardian
Thursday newspaper round-up: Airbus, Boohoo, Home Reit
(Sharecast News) - Ministers are considering renationalising British Steel in a last-ditch attempt to save thousands of jobs, amid a standoff between the government and the company's Chinese owners over a £1bn investment. Jonathan Reynolds, the business secretary, is locked in talks with British Steel and its owner, Jingye, to agree how much each party should put into a rescue plan for its main Scunthorpe site. - 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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