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Monday newspaper round-up: Entain, rail tickets, Rolls-Royce

(Sharecast News) - The owner of Ladbrokes, Entain, has been accused of "dishonest" lobbying after it funded an operation mobilising people to complain to their MP about proposals to change gambling laws. The government last month unveiled plans for tighter regulation, including measures it said would make gambling safer but would also reduce revenue for brands such as Coral and PartyCasino, owned by Entain. - Guardian The cheapest rail tickets can no longer be bought from all station booking offices, as passengers are forced to use machines or shop online for the best fares. Rail bosses have begun barring ticket office staff from selling advanced fares, in a reversal of reforms designed to make it easier for passengers to buy the cheapest tickets. - Telegraph

Britain's tax system is riddled with "perverse" incentives and punishing levies that must be reformed to make work pay, the head of a powerful parliamentary committee has warned. Harriett Baldwin, Conservative chairman of the Treasury Select Committee (TSC), said "horrible cliff edges" in the current system had left many questioning whether an extra hour of work was worth it. - Telegraph

The new chief executive of Rolls-Royce has delivered another damning critique of its performance, saying that one of its core divisions has been "grossly mismanaged". Tufan Erginbilgic, 63, took the top job at the aerospace and engineering group at the start of this year and weeks later infamously described the group as a "burning platform". In his latest broadside, the former BP executive took aim at the performance of its power systems division, which makes diesel and gas engines for use in superyachts, trains and mining lorries, and for back-up power generation. - The Times

The owner of Wagamama is facing pressure to split itself up, with its embattled management team expected to be questioned about pay and performance at the annual meeting this week. TMR Capital has become the latest investor to call for an overhaul of The Restaurant Group, after taking a small stake this month. The Florida-based hedge fund has approached the group, which also owns Brunning & Price, Frankie & Benny's and Chiquito, with proposals to sell off all its businesses except Wagamama, according to The Sunday Telegraph. The fund wants the group to expand Wagamama before taking it private in a sale. - The Times

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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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