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Wednesday newspaper round-up: Bookies, water companies, John Lewis

(Sharecast News) - Bookmakers and casinos will be forced to fund NHS services that tackle problem gambling, after Labour rubber-stamped the previous government's plans, which also include a cap of as little as £2 on the sums that can be staked on online slot machines. The Guardian revealed on Monday that the government was poised to approve the new "statutory levy", using proceeds of around £100m a year to fund research, prevention and treatment of gambling harms. - Guardian Water companies in England are using loopholes in order to not pay people who are left for days without running water, the CEO of the regulator has said. Tens of thousands of homes across the country have been left without water for days this year as ageing pipes burst. In May, 32,500 properties in Hastings and St Leonards-on-Sea had no service after a mains pipe burst, with some homes left without running water for five days. In January, households across Reading also faced an interruption to their water supply. - Guardian

Labour is poised to water down electric vehicle (EV) rules amid a mounting crisis in the industry over the pace of the transition away from petrol and diesel cars. Jonathan Reynolds, the Business Secretary, on Tuesday night confirmed a review of the Government's zero emission vehicle (ZEV) mandate after warnings from carmakers that the rules were putting the industry's future at risk. - Telegraph

John Lewis has said it is "worried" about the impact of higher employment costs after Rachel Reeves's decision to increase the National Minimum Wage. In a fresh warning to the Chancellor over measures announced in the Budget, a senior John Lewis director said inflated labour costs were weighing on the department store as it attempts to turn around its fortunes. - Telegraph

More than 1,100 jobs at the historic van-making factory of Vauxhall in Luton are at risk after parent company Stellantis announced it planned to shut the site next April. In a blow to the UK automotive industry, Stellantis said it was in consultation with unions and employees over the proposals. - The Times

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Friday newspaper round-up: Apple, Daily Mail, OpenAI, Homebase
(Sharecast News) - Apple slightly beat analysts' expectations in its first-quarter earnings for fiscal year 2025 on Thursday. The iPhone-maker's revenue rose by 4%, coming in at $124.30bn, barely above estimates of $124.12bn. Earnings per share were $2.40, just ahead of analysts' expectations of $2.35. Shares rose more than 8% in extended trading after CEO Tim Cook indicated in an earnings call on Thursday that Apple is on the trajectory for revenue growth next quarter. - Guardian
Thursday newspaper round-up: Car production, UK retailers, water bills, KPMG
(Sharecast News) - The architect of a ban on newspaper takeovers by foreign states has demanded that an Abu Dhabi fund be forced to sell The Telegraph by Easter. Baroness Stowell, the Conservative chairman of the Lords communications and digital committee, said the Government should impose an ultimatum on RedBird IMI. It should be backed by the threat of regulatory action, she said, to strip the fund of control of what has been dubbed "the newspaper auction from hell". - Telegraph
Thursday newspaper round-up: Car production, UK retailers, water bills, KPMG
(Sharecast News) - The architect of a ban on newspaper takeovers by foreign states has demanded that an Abu Dhabi fund be forced to sell The Telegraph by Easter. Baroness Stowell, the Conservative chairman of the Lords communications and digital committee, said the Government should impose an ultimatum on RedBird IMI. It should be backed by the threat of regulatory action, she said, to strip the fund of control of what has been dubbed "the newspaper auction from hell". - Telegraph
Wednesday newspaper round-up: Starbucks, JPMorgan, Santander
(Sharecast News) - Rachel Reeves is unveiling plans to create "Europe's Silicon Valley" between Oxford and Cambridge as she stakes the government's success on kickstarting economic growth and putting more pounds in people's pockets. The chancellor will announce a blueprint to improve infrastructure across the region that will add up to £78bn to the UK economy within a decade, according to industry experts, and put it at the forefront of science and technological advances. - 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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