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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.

Tuesday newspaper round-up: Telegraph, UK offices, China

(Sharecast News) - The Treasury has sought to defuse a bitter row with the North Sea oil and gas industry by promising to keep investment reliefs on low-carbon projects, aiming to protect jobs and soften the expansion of the energy windfall tax. The chancellor, Rachel Reeves, said last month that she would expand the levy on energy industry profits as part of her plan to plug a £22bn "hole" in the public finances that Labour said had been left by the previous Conservative government. - Guardian The UK's biggest housing association has been fined after a watchdog found that its failure to carry out repairs to a child's bedroom window for four years left the home mouldy and caused serious illness in the family that lived there. Clarion housing association showed "no urgency" to fix the window, instead leaving it boarded up, despite repeated complaints from the tenant who said the mould caused his asthma to flare up and affected his son's mental health. - Guardian

Boris Johnson has held talks about a role at The Telegraph as part of former Tory chancellor Nadhim Zahawi's takeover bid. The former prime minister had informal discussions with Mr Zahawi, who is assembling a consortium to buy The Telegraph as part of an auction process, about a possible job if he is successful. - Telegraph

Offices in the UK are selling for almost a fifth less than what their owners were hoping they would fetch, the biggest discount since the global financial crisis 15 years ago. In a sign of how tepid demand is, especially for older and less eco-friendly blocks, buyers of offices this year have on average paid 18 per cent less than the asking price, data from CoStar, the property analytics group, shows. - The Times

Investors pulled a record amount of cash out of China in the second quarter of this year amid concerns about the health of the world's second-largest economy, official data showed. In the three months to June, outflows of investor capital from China reached $15 billion, according to balance of payments figures published by the State Administration of Foreign Exchange last Friday. The numbers were first reported by Bloomberg. - The Times

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Wednesday newspaper round-up: Post Office, Spirit AeroSystems, Flutter
(Sharecast News) - The Post Office is expected to announce the closure of dozens of branches and cut up to 1,000 head office jobs as it seeks to reduce costs to secure its financial future. There are about 11,500 Post Office branches across the UK, of which 115 are wholly centrally owned. The rest are operated by independent post office operators under contract and partners such as WH Smith and Tesco. - Guardian
Tuesday newspaper round-up: Bluesky, British Steel, FRC
(Sharecast News) - Social media platform Bluesky has picked up more than 700,000 new users in the week since the US election, as users seek to escape misinformation and offensive posts on X. The influx, largely from North America and the UK, has helped Bluesky reach 14.5 million users worldwide, up from 9 million in September, the company said. - Guardian
Monday newspaper round-up: Hospitality, wind generation, Vertical Aerospace
(Sharecast News) - Great Britain "lags behind" Europe on measures to restrict betting adverts, according to a report released days after official data showed a sharp increase in the number of children with a gambling problem. Restrictions on ads by bookmakers and casinos are increasingly becoming "the norm" across Europe in response to public health concerns, according to a report commissioned by GambleAware, the UK's leading gambling charity. - Guardian
Friday newspaper round-up: AI, Bentley, News Corp
(Sharecast News) - Dozens of health and children's groups have urged ministers to tackle obesity by imposing taxes on foods containing too much salt or sugar. New levies based on the sugar tax on soft drinks would make it easier for consumers to eat more healthily by forcing food manufacturers to reformulate their products, they claim. - 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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