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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.

Tuesday newspaper round-up: Digital pound, bus services, Royal Mail

(Sharecast News) - Consumers could be using a new digital pound as an alternative to cash by the end of the decade under plans being drawn up by the Bank of England and the Treasury. The government is speeding up its response to the rise of privately issued cryptocurrencies and stable coins with a four-month public consultation process on a "Britcoin" starting on Tuesday. - Guardian Hundreds more of England's dwindling bus services could be axed next week with a funding shortfall looming, transport authorities have warned. Labour said the government had "just 10 days to act" before operators start having to cut routes because of the expiry of post-pandemic state support. - Guardian

Strike-breaking rail managers were paid £50 an hour on top of their salaries to work on the front line during walkouts over Christmas, leaked documents show. Salaried workers could get as much as £6,500 in extra pay if they swapped the office for shifts on trains on strike days between Dec 19 and Jan 3. - Telegraph

Union leaders have been forced to call off a two-day postal strike following a legal challenge by Royal Mail bosses. The Communication Workers Union (CWU) blamed laws that are "heavily weighted against working people" for scrapping planned walkouts on Feb 16 and Feb 17. - Telegraph

The battle between Santander and the financier who was once in line to run the Spanish bank is set to continue after a Spanish court cut the compensation the lender should pay for rescinding its job offer. It emerged yesterday that a court in Madrid had upheld Andrea Orcel's claim against Santander, but had lowered the payout he should receive by €8 million to €43.4 million. Santander immediately said that it intended to appeal against the ruling in the Spanish Supreme Court. - The Times

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(Sharecast News) - Britons must accept that their country was now involved in the Middle East conflict, Tobias Ellwood said. The former defence minister warned that "nobody was in full control" of the growing conflict as more and more countries were sucked in. Ellwood also said that Tehran's strike had taken the conflict into a "new dangerous territory". - Sunday Telegraph
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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
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(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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