Fidelity Top Stories
UK equilibrium rate of unemployment may lie well below 4.5%
There is no revival in pay growth on the horizon, contrary to expectations from other economists, including those on the Monetary Policy Committee, Oxford Economics said.
UK wage growth slows to increase squeeze on consumers
Although the UK unemployment rate fell to its lowest since 1975, weekly wage growth slowed to heap further pressure on consumers already battling with rising inflation.
Hargreaves sell-off on Vanguard launch is 'over-reaction'
After Hargreaves Lansdown's shares were hit by worries over a price war in the funds market due Vanguard's launch of a low cost product, analysts at Shore Capital said this was a big over-reaction.
Volatility resurgent on reports Trump requested Comey end Flynn investigation
US President Donald Trump asked former FBI director James Comey to drop an investigation into his ex-national security adviser Michael Flynn, according to a memo leaked to the New York Times.
CPI inflation spikes to highest rate since 2013
UK inflation is spiking higher than expected, with official data on Tuesday showing consumer prices rising well above the Bank of England's 2% target and at their fastest in three and a half years.
Trump criticised after reportedly sharing classified info with Russia
US President Donald Trump reportedly shared classified information about Islamic State with senior Russian officials, though the White House quickly denied the allegations.
Land Registry confirms UK house prices falling
UK house prices are falling, official data confirmed on Tuesday, and are likely to continue doing as the housing market is hit by a softening consumer environment and sterling volatility that erodes the appeal for overseas investors.
UBS's second largest shareholder plans major stock sale
UBS Group's second largest shareholder, Singapore's influential GIC sovereign wealth fund, is looking to sell a sizeable chunk of shares in the Swiss bank.
Chinese industrial output, fixed investment cool in April
Economic activity in Asia's largest economy was weaker-than-expected last month as presaged by recent purchasing managers' indices for factory and services sector activity.
Spain calls for revamp of euro area economic architecture
Madrid joined France's call for "a true economic government" in the euro area, saying the recent recession had revealed a need for a well-structured plan and not just short-term solutions.
Saudi Arabia and Russia agree nine-month oil output cut deal
Saudi Arabia and Russia agreed to a nine-month extension of the supply cuts agreed to in November 2016, issuing a strongly worded statement that sparked gains in crude oil futures.
Hospitals in England hit by cyber-attack against NHS
NHS services throughout England were thrown into disarray on Friday when IT systems were disrupted by what is believed to be a large-scale cyber-attack.
US consumer prices rise less than forecast in April
The cost of living in the States slipped a tad lower last month with a partial rebound in energy prices offset by broad or flat prices across a wide swathe of categories, including for new vehicles, used cars and trucks and medical care commodities and services.
Lloyds Banking hit by structured investments mis-selling scandal
Lloyds Banking Group shares were hit on Friday by reports that it may have to pay £80m to compensate customers in a fresh mis-selling scandal.
China credit growth slows slightly in April
Chinese credit growth slowed in April but some economists said the resulting cooling effect on the economy should only be moderate.
New US-China trade deal hailed as 'herculean accomplishment'
US commerce Secretary Wilbur Ross has described a new trade deal between the USA and China as a 'herculean accomplishment' in the latest example of improving relations between the superpowers.
RBS expects more one-off charges, reiterates 2018 profitability target
Royal Bank of Scotland's chief executive Howard Davies reiterated the bank's target of returning to profitability next year, as he announced further one-off costs and said the Brexit process was unlikely to hit it as hard as peers.
Bank of England sees sharper inflation and slower growth in 2017
The UK economy is likely to grow slightly more slowly and inflation increase more sharply than the Bank of England initially expected, it said on Thursday as it otherwise left its main policy levers unaltered.
BoE slightly more hawkish, MPC vote count unchanged at 7 to 1
Rate-setters at the Bank of England are slightly more hawkish because they now see the economy's 'output gap' closing more quickly, although the current "exceptional" circumstances mean no change in policy is imminent.
Labour draft manifesto pledges to strengthen workers' rights; nationalise rail, mail
A draft of Labour's General Election manifesto was leaked on Thursday, revealing pledges to renationalise the railways and strengthen workers' rights.