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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.

Wednesday newspaper round-up: Pensions, Apple, interest rates

(Sharecast News) - Treasury officials are discussing a one-off break from the pensions triple lock that could save £1bn by preventing a bumper 8.5% increase in the state pension next year. The government is considering stripping out public sector bonuses that were awarded to workers to prevent strikes over the summer from the calculation that determines the annual rise in pensions. - Guardian Apple will stop using leather across all of its accessories in an effort to "protect the planet" and meet its net zero targets by 2030. The US tech giant said it would stop using leather in its watch straps and phone cases and replace it with a material called "FineWoven", which is made using 68pc recycled textiles and other artificial fibres. - Telegraph

Andrew Bailey and his colleagues at the Bank of England all agree that inflation must be crushed. Unfortunately, they don't agree on the best way to do it: policymakers are split on whether to hold interest rates at their current level of 5.25pc or raise it higher at next week's Monetary Policy Committee (MPC) meeting. - Telegraph

Lawyers for the US government claimed yesterday that Google did not play by the rules in its efforts to keep its dominance in online search, paying billions of dollars to ensure that smaller rivals failed to get traction. "This case is about the future of the internet," Kenneth Dintzer said, arguing for the Department of Justice that Google had begun in 2010 to illegally maintain its monopoly. - The Times

The Barclay family did not enjoy a big windfall from selling the Ritz, despite achieving a price of about £750 million for the hotel, it has emerged. The 117-year-old Ritz was the crown jewel of the Barclays' business empire, but the sale of the London landmark caused a family feud that culminated in a legal battle and allegations of secretly bugged conversations. - The Times

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Monday newspaper round-up: Service charge, BP, Heathrow, Elon Musk
(Sharecast News) - An increasingly complex tax system is burdening the government and businesses with hundreds of millions of pounds more in administration costs, Whitehall's spending watchdog has warned. The report by the National Audit Office (NAO) also said "poor levels of service" meant some taxpayers and their representatives were "finding it more difficult to deal with their tax matters and are losing trust in HM Revenue & Customs [HMRC]". - Guardian
Sunday newspaper round-up: Etihad float, Shein, Thames Water
(Sharecast News) - Abu Dhabi based carrier Etihad is planning to float a stake of up to 20% on the Abu Dhabi Stock Exchange. Sources indicate that it could command a valuation of $5bn (£4bn). It would be the second such transaction for its boss, Antonoaldo Neves. In 2017, the former McKinsey partner floated Azul, Brazil's third-largest airline, on the New York Stock Exchange. For Neves, any airline that aspires to be "relevant" needs to tap into different sources of capital. Its goal is to fly 170 jets by 2030, up from 93 at present. - The Sunday Times
Friday newspaper round-up: Gambling sector, FOS, Amazon
(Sharecast News) - The gambling regulator has accidentally handed over more than 4,000 sensitive documents to lawyers acting for the media tycoon Richard Desmond, in an "unprecedented" blunder during its legal battle over the £6.4bn national lottery contract, the Guardian understands. Northern & Shell (N&S), the investment group owned by Desmond, is suing the Gambling Commission for £200m in damages over its handling of the lottery licence award process. - Guardian
Thursday newspaper round-up: CMA, Riverford, Lloyds, Arm Holdings
(Sharecast News) - The appointment of the former boss of Amazon UK to lead the competition watchdog poses a threat to its independence and pledge to hold big tech to account, according to a group including tech companies and the former business secretary Vince Cable. The group - which includes the News Media Association, the Firefox developer Mozilla, the consumer group Which? and the Future of Technology Institute - has written to the chancellor, Rachel Reeves, to raise concerns about the appointment of Doug Gurr as the interim chair of the Competition and Markets Authority (CMA). - 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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