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Wednesday newspaper round-up: Telecoms providers, redundancy capital, Telegraph

(Sharecast News) - A Tory MP who accused the gambling regulator of being too "heavy handed" has received more than £8,000 in hospitality and payments from the betting industry this year, including tickets to see Madonna. Craig Whittaker, the MP for Calder Valley in West Yorkshire, criticised the Gambling Commission in an article for the Conservative Home website last week. - Guardian The UK's biggest telecoms providers are lining up above-inflation price increases for broadband and mobile customers that will add almost £500m to consumers' bills from next spring, according to a new estimate. BT, EE, Vodafone, Virgin Media O2 and TalkTalk are to increase bills for more than 22 million broadband and mobile phone customers under "mid-contract" price rise clauses from April and May next year. - Guardian

A downturn in tech and construction has made London the redundancy capital of Britain, new data shows. One in six companies is planning to cut staff as the jobs market there is disproportionately hit by slumps in retail, housebuilding and IT, according to the Recruitment and Employment Confederation (REC). - Telegraph

An anti-greenwashing rule intended to stop fund managers from misleading investors with unsubstantiated environmental claims has been put back by six months. The Financial Conduct Authority (FCA) revealed the new regime would now be implemented on May 31 next year and not immediately as previously planned. - The Times

More than two thirds of subscribers to The Daily Telegraph have said they would be less likely to read the newspaper if it is taken over by an Abu Dhabi-backed group, according to a survey highlighting the risks to the publication from its possible change of ownership. A YouGov poll of more than 500 adults found that 69 per cent of those who had a subscription, and 64 per cent who were readers, were either "a bit" or "much" less likely to continue to pick the paper if it is backed by Sheikh Mansour bin Zayed al-Nahyan of Abu Dhabi. This rose to 76 per cent of subscribers and readers when the United Arab Emirates' history of censorship was highlighted to survey respondents. - The Times

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(Sharecast News) - Ministers and senior MPs have warned that the UK's agreements with Donald Trump are "built on sand" after the Guardian established that the deal to avoid drug tariffs has no underlying text beyond limited headline terms. The "milestone" US-UK deal announced this month on pharmaceuticals, which will mean the NHS pays more for medicines in exchange for a promise of zero tariffs on the industry, still lacks a legal footing beyond top lines contained in two government press releases. - Guardian
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(Sharecast News) - Cryptocurrencies will be regulated in a similar way to other financial products under legislation coming into force in 2027. The Treasury is drawing up rules that will require crypto companies to meet a set of standards overseen by the Financial Conduct Authority (FCA). Ministers have sought to overhaul the crypto market, which has ballooned in popularity as a way of investing money and making payments. Cryptocurrencies have not been subject to the same regulation as traditional financial products such as stocks and shares, which means that in many cases consumers do not enjoy the same level of protection. - 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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