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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.

Monday newspaper round-up: ASA, jobseekers, Waitrose

(Sharecast News) - Londoners are buying the lowest share of houses outside the capital in more than a decade as their moving plans are curtailed by a stalling local market and the shift back to office working. They were behind just 5.3% of house purchases elsewhere in the country in the first seven months of this year, the lowest proportion since 2013, research has found. - Guardian The UK advertising watchdog has received a complaint about its own high-profile UK-wide campaign, accusing it of breaking the rules it enforces around misleading marketing. The Advertising Standards Authority (ASA), which investigates whether ads breach UK regulations, is being asked to investigate claims made in its campaign launched in conjunction with household brands including Tesco, Comparethemarket and Lloyds bank. - Guardian

The number of people seeking work has jumped at its fastest pace in five years as company bosses brace for Rachel Reeves to impose more tax rises at the next Budget. In August, the supply of jobseekers rose by the largest amount since November 2020 as businesses laid people off and nervous managers cut back on hiring. - Telegraph

Sales at Waitrose have grown faster than at rival supermarkets for a fourth month running, as revamped stores and improved customer service help it to win over more shoppers. Waitrose sales grew 0.5 percentage points faster than the wider grocery market in the four weeks to August 9, according to figures from NIQ Scantrack seen by The Telegraph. - Telegraph

The Chinese challenge to the British car market will be stepped up this month when Changan, one of the largest automotive groups in the People's Republic, launches an electric vehicle in the UK to take on Tesla's bestselling Model Y. The state-backed Changan, based in the central city of Chongqing, produces 3 million cars a year, making it about two-thirds the size of the country's market leader, BYD. - The Times

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Friday newspaper round-up: Postal deserts, Philip Morris, Applied Materials, Elon Musk
(Sharecast News) - The owner of WH Smith's former high street business is aiming to change contracts with the Post Office to make it easier to close outlets within its stores, increasing fears that communities will become "postal deserts". TG Jones operates 180 post offices and it is understood that as many as 60 could be closed under a restructuring plan by Modella, the private equity group that renamed the WH Smith high street chain as TG Jones after buying it last year. - Guardian
Thursday newspaper round-up: Farage, Crispin Odey, Sam Altman
(Sharecast News) - Nigel Farage is facing a formal investigation by the parliamentary standards watchdog over a £5m gift from the crypto billionaire Christopher Harborne. The Reform UK leader received the money weeks before announcing he would stand as a candidate in the 2024 general election. - Guardian
Wednesday newspaper round-up: Elon Musk, JPMorgan CEO, Carillion
(Sharecast News) - Donald Trump is due to arrive in Beijing on Wednesday evening, the first visit to China by a US president in nearly a decade, as he seeks to mend power and prestige weakened by the war in Iran. Trump will bring tech leaders, including Elon Musk of Tesla and Tim Cook of Apple, and plans for headline-grabbing deals. He has said he expects China's leader, Xi Jinping, would "give me a big, fat hug when I get there". - Guardian
Tuesday newspaper round-up: Household spending, BuzzFeed, Grant Thornton
(Sharecast News) - Households cut back on their spending in April at the fastest pace in 18 months, as the conflict in the Middle East provoked fears of another cost of living crisis, a report from one of the UK's biggest banks has suggested. Barclays, which processes nearly 40% of the UK's credit and debit card transactions, said its data showed there had been a 0.1% fall in card spending last month compared with a year earlier. This was the first year-on-year fall since November 2024. - Guardian

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