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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.

Wednesday newspaper round-up: Pensions, Vectura, Wrightbus

(Sharecast News) - Rishi Sunak has come under further pressure to suspend the state pension triple lock after wage figures showed that the chancellor is on course to pay pensioners a rise of more than 8% next year. Sunak is understood to be considering telling Britain's 12 million state pension claimants that the pandemic has artificially inflated the official wages figures and a new formula is needed to calculate the rise in the basic state pension for next year.- Guardian Shareholders in the asthma inhaler maker Vectura have been urged to reject a £1.1bn takeover by the tobacco company Philip Morris International (PMI), in an open letter signed by 35 health charities, public health experts and doctors from around the world. Investors in the Wiltshire-based respiratory medicine specialist have until 15 September to decide whether to sell their shares to PMI, which has touted its ambitions for a "smoke-free" future but still derives 75% of its revenue from cigarettes. - Guardian

Nando's has been forced to shut restaurants and reduce hours at some after its chicken deliveries were hit by a nationwide shortage of lorry drivers. The popular restaurant chain, known for its spicy peri-peri chicken, revealed it would lend 70 staff to its suppliers to minimise disruption, which is affecting around 50 of its restaurants. - Telegraph

Three hundred workers are being taken on by Wrightbus as the company accelerates its plans for growth in a new era of zero-emission transport. "We are firmly back in business, creating jobs," said Jo Bamford, son of Lord Bamford, the JCB chairman and owner, who rescued the business in 2019 when the workforce numbered only 56. The new jobs will take employee numbers at its plant in Ballymena to more than 900. - The Times

The sale of new boilers that run exclusively on natural gas could be banned by 2026 in the UK's push to hit climate goals. The Government is consulting on plans to make sure that all new boilers are capable of running on hydrogen instead. Hydrogen does not produce carbon dioxide when burned and ministers hope it could supply up to 35pc UK's energy by 2050. - The Times

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(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
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(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
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(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
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(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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