Fidelity Top Stories
JP Morgan beats quarterly forecasts, to increase capital returns
Wall Street heavyweight JP Morgan posted better than expected top and bottom-line growth for its latest three-month stretch, despite widely-anticipated weakness in its Markets unit, and increases to its capital return plans.
Micro Focus share price drop is an opportunity, Barclays says
Barclays believes recent share price weakness in Micro Focus is an opportunity.
FCA proposes new listing category to accommodate Saudi Aramco IPO
The UK's financial watchdog has proposed creating a new kind of listing category in order to cling the initial public offering of the world's largest petrochemicals company, Saudi Aramco.
China exports beat forecasts in June, commodity imports at record
Chinese exports kept up a solid pace of growth last month as did imports, which depend on domestic demand, but the improved tone in the latter was not likely to last, some analysts said.
House price slump in London distorting national outlook
British house price inflation slowed to its weakest in June since the aftermath of the Brexit vote as political and economic worries continue to weigh, with flat sales expected for months to come.
Fed still set to tighten, Yellen says
The Federal Reserve will continue to tighten its monetary policy as falling unemployment on expectations for further moderate growth in the economy, the head of the central bank said.
Trump defends son as pressure on Donald Jr grows
US President Donald Trump has defended the actions of his son Donald Jr after he admitted meeting a Russian lawyer to gain information about Hillary Clinton’s campaign.
Rumours resurface of takeover bid for Spire Healthcare
Spire Healthcare is now in the crosshairs of its major shareholder, Mediclinic International, according to a report.
'Clock is ticking' on Brexit negotiations, says chief EU negotiator Barnier
Michel Barnier, the chief Brexit negotiator for the EU, told the UK on Wednesday that the "clock is ticking" to reach an agreement, and reiterated that financial obligations known as the 'divorce bill' will need to be paid.
MPC's Broadbent 'not ready' for rate rise yet
A top Bank of England official sounded a relatively 'dovish' note in an interview, admitting that it was a tough decision.
UK unemployment rate falls to forty-year low but wages remain stuck
The UK unemployment rate has shrunk to the lowest since 1975, it was confirmed on Wednesday, though this failed to boost wages and relieve the squeeze on households.
UK government unlikely to deliver good Brexit deal, Moody's says
Ratings agency Moody’s has joined the chorus warning of a slowdown in the UK economy and said things could get a lot worse as the government was unlikely to secure a Brexit deal that was not damaging.
UK retail enjoys 'shot lived' bloom amid better weather, BRC-KPMG survey shows
Hot weather helped UK retail sales pick up more than expected last month, according to a survey of the sector that indicated a positive contribution to economic growth for the second quarter of the year but perhaps not much longer.
Boris Johnson: No government plan in event of no Brexit deal
Foreign secretary Boris Johnson has slammed the exit fees demanded by the European Union as ‘extortionate’ and admitted the government has no plan for a situation in which a Brexit deal cannot be agreed with the bloc.
UK economic growth likely to slow, with Brexit adding further risk
UK economic growth is likely to slow over the next two years, economists at major credit rating agency S&P warned as household spending is squeezed.
Finance sector optimism waning despite rising profits
The UK financial services sector saw a booming second quarter of the year, but falling optimism about future prospects was reported in a survey of 94 of the country’s top firms.
IEA calls for more investment in upstream oil and gas
Investment in the global energy sector fell again in 2016, prompting the rich world's energy watchdog to warn that more needs to be done, especially in the Oil & Gas space, to ensure future supplies.
UK consumer spending weakens to near four year low
Spending by UK households has fallen for the second month in a row to its lowest quarterly level for three and a half years.
UK citizen rights offer 'far short', EU's Brexit negotiator says
Theresa May’s offer to give European Union citizens a special status in the UK post-Brexit has been rebuffed by the bloc’s chief negotiator.
Trump and Putin meet for first time at G20 summit in Hamburg
US President Donald Trump and Russian President Vladimir Putin have had their first official meeting on the sidelines of the G20 summit in Hamburg.