Skip Header
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.

Thursday newspaper round-up: Stamp duty, pensions, Tate galleries, Flutter

(Sharecast News) - Rachel Reeves has been urged to abolish the "sin tax" of stamp duty in the budget by property experts including TV presenter Kirstie Allsopp, as the chancellor faced calls to replace it with an annual property tax. Allsopp, presenter of Channel 4 property shows including Location, Location, Location, said "people are in a panic" about potential stamp duty changes, and "sitting tight" ahead of the 26 November budget. - Guardian Bots and third parties will be banned from booking driving tests as part of a government shake-up to tackle a severe backlog of almost 670,000 learners booked in for a practical assessment. The Department for Transport (DfT), which recently consulted on how to crack down on touts reselling test slots at inflated prices, said that only learner drivers themselves and not their instructors would be able to make bookings. - Guardian

Rachel Reeves's plans to unlock billions of pounds from private sector pensions risks a repeat of the Robert Maxwell embezzlement scandal, his victims have warned. The Association of Mirror Pensioners (AMP), which was set up after it emerged that Maxwell had raided £450m from his companies' retirement funds, branded Ms Reeves's plans to relax rules around gold-plated pension schemes "a recipe for disaster". - Telegraph

Workers at the Tate galleries have voted to strike in a move that threatens to disrupt the opening of a new JMW Turner and John Constable exhibition later this month. Public and Commercial Services (PCS) union members voted overwhelmingly in favour of strike action in a dispute over pay and the loss of staff benefits. - Telegraph

A former senior WPP executive has claimed he was fired for blowing the whistle over the alleged concealment of billions of dollars in client rebates at the advertising group. Richard Foster, the British former global chief executive of Motion Content Group, a subsidiary of GroupM Worldwide, now known as WPP Media, has filed a lawsuit in New York against WPP and GroupM seeking damages of more than $100 million. WPP said the company would defend itself against the allegations "vigorously". - The Times

Flutter Entertainment, the world's largest online betting company, sharply cut its full-year profit growth forecast on Wednesday, primarily due to another long winning streak by gamblers that increased its payouts. Already No 1 in the booming US sports-betting market through its FanDuel brand, Flutter and its partner CME Group also announced the launch of the FanDuel Predicts app next month to target what it described as a significant growth opportunity in the rapidly expanding event contracts market. - The Times

Share this article

Related Sharecast Articles

Thursday newspaper round-up: Post Office, Ben & Jerry's, Anthropic
(Sharecast News) - The Post Office has avoided a fine over a data breach that resulted in the mistaken online publication of the names and addresses of more than 500 post office operators it had been pursuing during the Horizon IT scandal. The Information Commissioner's Office (ICO) has reprimanded the Post Office over the breach, in which the company's press office accidentally published an unredacted version of a legal settlement document with the operators on its website. - Guardian
Tuesday newspaper round-up: Zipcar, BP, Volvo/Polestar
(Sharecast News) - As the battle lines harden amid Germany's intensifying pressure on the European Commission to scrap the 2035 ban on production of new petrol and diesel cars, two Swedish car companies, Volvo and Polestar, are leading the campaign to persuade Brussels to stick to the date. They argue such a move is a desperate attempt to paper over the cracks in the German car industry, adding that it will not just prolong take up of electric vehicles but inadvertently hand the advantage to China. - Guardian
Monday newspaper round-up: Black Friday, Gail's, Evri, Amazon
(Sharecast News) - Shoppers held back from visiting high streets over Black Friday, data shows, amid fears weak consumer spending will put the brakes on economic growth in 2026. Visitors to all UK shopping destinations were down 2% on Friday and 7.2% compared with the equivalent days last year, according to the monitoring company MRI Software, with locations near central London offices among the few to experience a lift in visits. - Guardian
Monday newspaper round-up: Black Friday, Gail's, Evri, Amazon
(Sharecast News) - Shoppers held back from visiting high streets over Black Friday, data shows, amid fears weak consumer spending will put the brakes on economic growth in 2026. Visitors to all UK shopping destinations were down 2% on Friday and 7.2% compared with the equivalent days last year, according to the monitoring company MRI Software, with locations near central London offices among the few to experience a lift in visits. - 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.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.