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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.

Monday newspaper round-up: Tourist tax, Amazon, FCA

(Sharecast News) - Millions of tourists to the UK could soon be asked to pay a local visitor levy as cash-strapped councils try to raise money to fund services. Nearly half of Scotland's local councils are considering a mandatory levy on overnight stays, known as a tourist tax, to help cope with a surge in visitors that has overwhelmed places such as Skye, the Callanish stones on Lewis and Orkney's neolithic sites. - Guardian Thousands of Amazon workers are expected to protest or strike in more than 20 countries during Black Friday to press for better workers' rights and climate action from the US retailer. Workers and representatives from unions and workers' groups intend to join protests against the Seattle-based company's practices between Black Friday and Cyber Monday (29 November and 2 December), one of the biggest shopping weekends of the year. - Guardian

Angela Rayner must bring planning officers out of retirement in order to achieve a government pledge to build 1.5m homes, the estate agent Savills has said. The Housing Secretary's plans to bring in an additional 300 planning officers will be far short of the "thousands" needed if it wants to follow through on its manifesto pledge to build 1.5m homes over the next five years, the head of planning at Savills has said. - Telegraph

The Observer made a profit of more than £3m last year, according to internal figures which raise questions over claims it must be offloaded to protect The Guardian. A report seen by The Telegraph shows that the Sunday title made a profit of £3.4m in the year to the end of March, outstripping forecasts by almost £300,000. - Telegraph

The City regulator is opaque and unaccountable and "widely seen as incompetent", according to a report due to be revealed in parliament on Tuesday. A study of views on the Financial Conduct Authority, which includes the opinions of some current and former staff, is due to report claims that the organisation has a "defective culture", is too close to those it regulates and is "slow to act and even slower to admit it has got things wrong". - The Times

Britain's 500 biggest companies paid a record £1.45 billion in audit fees this year, as accounting firms raised their prices to cover the extra work staff are having to put in. HSBC remains the most lucrative audit contract in the UK, with the bank paying £88 million to PwC, up from £78 million in 2023. Shell and BP, the two oil majors, are the next biggest audit fee payers at £51 million and £45 million respectively. - 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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