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Friday newspaper round-up: Tax cuts, Endeavour Mining, Google

(Sharecast News) - Jeremy Hunt has dangled the prospect of big tax cuts in his March budget, in what is seen as one of the last opportunities for the Conservatives to claw back Labour's huge opinion poll lead. In his first public comments on his budget strategy, the chancellor made clear that only unexpected bad news would prevent him from answering the call from Tory MPs for a substantial giveaway before an expected autumn general election. - Guardian The gold producer Endeavour Mining is to clawback more than $29m in pay and awards after firing its chief executive this month for alleged "serious misconduct" over allegations of a multimillion-dollar "irregular payment". London-headquartered Endeavour said on Thursday that Sébastien de Montessus, who had led the FTSE 100 company since 2016, would be forced to forfeit $29.1m (£22.9m) in remuneration. - Guardian

A Norfolk couple have won a battle with one of the world's richest men over the name of their home and gardening business. A tribunal ruled in favour of Victoria and Lawrence Osborne, L V Bespoke, this week after the French luxury goods giant LVMH launched a trademark dispute against the couple. LVMH, whose brands include Louis Vuitton and Dior, is owned by Bernard Arnault who vies with Elon Musk for title of the world's richest man. - Telegraph

Google has announced a billion-dollar investment in a UK data centre in a move hailed by the government as a "huge vote of confidence in Britain". The data centre, which will be built on a 33-acre site in Hertfordshire, will power Google's cloud and AI services for British customers and will be the company's third big site around the capital, after King's Cross and Central Saint Giles in London. - The Times

Recycling Lives processes end-of-life vehicles for scrap metal, as well as electronic waste for customers such as BT, British Gas and Sharp. The company, which was owned by Three Hills Capital Partners, a private equity firm, appointed EY as administrator to its metals business, which ­employs more than 300 people, with most of those transferring on Thursday to a new, undisclosed owner via a pre-pack administration. - The Times

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Monday newspaper round-up: Service charge, BP, Heathrow, Elon Musk
(Sharecast News) - An increasingly complex tax system is burdening the government and businesses with hundreds of millions of pounds more in administration costs, Whitehall's spending watchdog has warned. The report by the National Audit Office (NAO) also said "poor levels of service" meant some taxpayers and their representatives were "finding it more difficult to deal with their tax matters and are losing trust in HM Revenue & Customs [HMRC]". - Guardian
Sunday newspaper round-up: Etihad float, Shein, Thames Water
(Sharecast News) - Abu Dhabi based carrier Etihad is planning to float a stake of up to 20% on the Abu Dhabi Stock Exchange. Sources indicate that it could command a valuation of $5bn (£4bn). It would be the second such transaction for its boss, Antonoaldo Neves. In 2017, the former McKinsey partner floated Azul, Brazil's third-largest airline, on the New York Stock Exchange. For Neves, any airline that aspires to be "relevant" needs to tap into different sources of capital. Its goal is to fly 170 jets by 2030, up from 93 at present. - The Sunday Times
Friday newspaper round-up: Gambling sector, FOS, Amazon
(Sharecast News) - The gambling regulator has accidentally handed over more than 4,000 sensitive documents to lawyers acting for the media tycoon Richard Desmond, in an "unprecedented" blunder during its legal battle over the £6.4bn national lottery contract, the Guardian understands. Northern & Shell (N&S), the investment group owned by Desmond, is suing the Gambling Commission for £200m in damages over its handling of the lottery licence award process. - Guardian
Thursday newspaper round-up: CMA, Riverford, Lloyds, Arm Holdings
(Sharecast News) - The appointment of the former boss of Amazon UK to lead the competition watchdog poses a threat to its independence and pledge to hold big tech to account, according to a group including tech companies and the former business secretary Vince Cable. The group - which includes the News Media Association, the Firefox developer Mozilla, the consumer group Which? and the Future of Technology Institute - has written to the chancellor, Rachel Reeves, to raise concerns about the appointment of Doug Gurr as the interim chair of the Competition and Markets Authority (CMA). - 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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