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Monday newspaper round-up: Gambling, Amazon Fresh, business loans

(Sharecast News) - Loot boxes in video games will not be banned in the UK, despite a government consultation finding evidence of a "consistent" association between the features and problem gambling. Loot boxes have attracted comparison with gambling because they allow players to spend money to unlock in-game rewards, such as special characters, weapons or outfits, without knowing what they will get. - Guardian Amazon's grocery arm is to take on Tesco with a new price match promise as it becomes the latest retail giant to pledge it will keep prices low for customers amid the cost of living crisis. Amazon Fresh will start its Tesco Clubcard Price Match campaign on Monday, matching and freezing hundreds of prices in line with discounts by the supermarket giant. - Guardian

A new £6bn business loan scheme is to be given the green light by ministers within days, providing firms more cheap debt to survive the looming downturn. Whitehall sources said a longer-term successor to the Recovery Loan Scheme (RLS) is expected to be signed off by the Treasury and the business department this week after the unveiling of the new state-backed lifelines was hampered by delays. - Telegraph

More people are cancelling their video subscriptions to save money in the face of the cost of living squeeze, with under-24s most likely to walk away. In the second quarter of the year, almost 1.66 million services were dropped from the likes of Netflix, Now and Disney in the UK and more than a third of these were directly attributable to people tightening their belts. Half a million households cancelled all their subscriptions, according to Kantar, the market researcher. - The Times

The architect of a failed plan to sell one of Britain's oldest mutual insurers to an American private equity firm is to leave the company. Mark Hartigan, chief executive of LV=, will go in the autumn in a departure orchestrated by his board colleagues, Sky News first reported. The announcement could come as early as today, though it is not clear whether Hartigan will receive a pay-off. - The Times

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(Sharecast News) - Everton has paid about £30m in interest charges to an opaque lender associated with a tax exile, corporate records suggest. The charges appear to have reached about £438,000 a week, according to the troubled Premier League club's most recent set of accounts, a figure more than three times the reported wages of the Everton and England goalkeeper Jordan Pickford. - Guardian
Thursday newspaper round-up: Border controls, McKinsey, KPMG
(Sharecast News) - New post-Brexit UK border controls coming into force later this month will cost British businesses £2bn and fuel higher inflation, according to a report warning that UK-EU trade will be damaged as a result. With less than a month before the introduction of new checks on animal and plant products from 30 April, the insurer Allianz Trade said the controls agreed under Boris Johnson's Brexit deal could add 10% to import costs over the first year. - 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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