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Thursday newspaper round-up: Goldman bankers, train strikes, Uber

(Sharecast News) - Goldman Sachs bankers are reportedly at risk of having their bonus pool slashed by up to 40%, in what could be the lender's largest cut to payouts since the 2008 financial crisis. The bank is still in the process of deciding the size of its bonus pools for 2022, but the prospective cut could mean its 3,000 investment bankers endure the most significant drop in variable pay among their peers, according to the Financial Times, which first reported the news. - Guardian Germany has snubbed British-backed Eurofighter jets in favour of a €10bn deal for US-made F-35 aircraft as it orders a fleet capable of carrying a nuclear arsenal. The 35 planes will carry American atomic weapons based in Germany, replacing ageing Tornado warplanes. - Telegraph

Train strikes are almost guaranteed to ruin the rest of Christmas and return to work in the New Year as warring bosses and union leaders enter a "cooling off period". Mick Lynch, general secretary of the Rail, Maritime and Transport workers union (RMT), will on Thursday be warned by ministers and rail chiefs that they will not back down in the response to his union's hardline tactics. - Telegraph

More than a million households and businesses have signed up to a National Grid scheme that pays them to reduce their electricity usage at peak times to help avoid blackouts. However, the fall in demand that can be achieved from these consumers is still significantly lower than the level that may be required to avert power cuts in a crisis, the company admitted. - The Times

Profits at Uber's London arm rose by 96 per cent last year as the easing of Covid-19 restrictions allowed it to charge more for taxi rides. Uber London, the licensed operator for the ride-hailing group in the capital, said profit margins had improved in 2021 compared with the previous year, filings show. This was because it had not made any profit on certain rides during a larger portion of 2020 because of lockdowns. - The Times

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Sunday newspaper round-up: Panama Canal, Warhammer, Thames Water
(Sharecast News) - Donald Trump is asking that the Panama Canal be returned to the US unless Panama addresses his criticism of how the waterway is managed. In a post on social media platform Truth Social, Trump described the current arrangement as a complete 'rip-off' which will "immediately stop". He also warned against that the key interoceanic route would not be allowed to fall into the "wrong hands". He also appeared to caution against possible Chinese influence in the canal. - Guardian
Friday newspaper round-up: Aldi, Richard Desmond, Collateral
(Sharecast News) - The grocery industry watchdog is to make a rare intervention in a Yorkshire sprout grower's £3.7m legal case against Aldi over the discount chain's decision to terminate a long-term supply deal. In papers filed at the high court, W Clappison Ltd, which produced sprouts for Aldi's UK arm for 13 years, said its supply agreement was ended in February last year at planting time without reasonable notice so it was unable to find new clients immediately. It said it was forced to cease sprout production and sell off its machinery. - Guardian
Friday newspaper round-up: Aldi, Richard Desmond, Collateral
(Sharecast News) - The grocery industry watchdog is to make a rare intervention in a Yorkshire sprout grower's £3.7m legal case against Aldi over the discount chain's decision to terminate a long-term supply deal. In papers filed at the high court, W Clappison Ltd, which produced sprouts for Aldi's UK arm for 13 years, said its supply agreement was ended in February last year at planting time without reasonable notice so it was unable to find new clients immediately. It said it was forced to cease sprout production and sell off its machinery. - Guardian
Thursday newspaper round-up: Water bills, Brexit, Imperial Brands
(Sharecast News) - Households in England and Wales will see their water bills rise by an average of £31 a year, as suppliers pay to fix leaky pipes and cut pollution. The industry regulator Ofwat said on Thursday it would allow companies to raise average bills will rise by £157 over five years to an average of £597 by 2030 to help pay for investment. - 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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