Fidelity Top Stories
Vlieghe sees 'huge uncertainty' around path for interest rates
Bank of England policymaker Gertjan Vlieghe set out reasons why he has become increasingly hawkish over interest rates.
Consumer spending falls in January for first time in five years
UK consumer spending fell in January for the first time since 2013 in what was the eighth decline in the past nine months, the latest spending data from Visa showed.
AVEVA combination with Schneider software cleared by US regulator
AVEVA Group updated the market on its proposed combination with the Schneider Electric software business on Monday, confirming that the review by the Committee on Foreign Investments in the United States has now finished, and clearance has been received for the merger.
Brexit transition period not a given, says EU's Barnier
European Union Brexit negotiator Michel Barnier has warned that there is no guarantee of a post-Brexit transition period.
Amazon not backing down from Premier League TV auction
Analysts believe that Facebook, Google and Netflix are no longer interested in bidding for the Premier League’s broadcasting rights but Amazon may still look to tackle current owners Sky and BT in the forthcoming TV auction.
Two hikes in Bank Rate should not come as great shock, BoE's Broadbent says
Two interest rate hikes over the course of 2018 should not come as a great shock, the Bank of England's number two official suggested on Friday.
Muddy Waters takes a bite out of Apple supplier IQE
Shares in Welsh Technology firm IQE have tumbled almost 19% after Muddy Waters Capital raised concerns about the company's accounting.
BoE increases economic forecasts, signals tougher stance on rate rises
The Bank of England has increased its forecasts for economic growth and signalled that interest rates may rise sooner than it had indicated.
Yuan falls by most in two years after January trade data
China's currency slumped overnight after hitting a two-year high the day before, following the release of weaker than expected foreign trade data, which some investors believe may goad Beijing nearer to loosening capital controls as a means of offsetting recent strength in the yuan.
TalkTalk cuts dividend and earnings outlook, raises funds for fibre project
TalkTalk shares tumbled after the telecoms group cut its dividend, reduced earnings guidance and asked shareholders for £200m to strengthen its balance sheet and invest in full-fibre broadband.
GSK provides reassuring prognosis for annual dividend
GlaxoSmithKline looked to put worries about its future dividend to bed as it reported 3% growth in sales and 4% in earnings per share at constant currency rates.
South Africa's Jacob Zuma reportedly on the cusp of resignation
Jacob Zuma, South Africa's controversial President, was said to be in the middle of talks with the African National Congress' new leader Cyril Ramaphosa over a transition of power, with one source saying Zuma would resign as soon as a list of preconditions had been ironed out.
Germany's Merkel agrees coalition deal to keep her in power
Angela Merkel has agreed a deal with coalition partners that will keep her in office for a fourth term as Germany’s chancellor, according to reports.
UK economy to grow faster than expected, NIESR predicts
Britain's economy will expand faster than forecast in 2017 and 2018 due to unexpectedly strong global growth, a closely followed thinktank has predicted.
US open: Stocks trading on either side of unchanged
Stocks on Wall Street are mixed, having recovered from another round of heavy losses at the opening bell, following a massive sell-off during the previous session, amid a spike in volatility and concern in some corners of the market regarding the likely pace of interest rate hikes by the Fed.
Impact from short equity volatility set to fade, BofA says
A bubble might have popped on Monday, a bubble in equity volatility that is, according to analysts at Bank of America-Merrill Lynch.
BP profit surges in fourth quarter to beat forecasts
BP's profit surged to $2. 1bn (£1. 5bn) in the fourth quarter from $400m a year earlier as the oil company gained from rising production.
Dow Industrials plunges, volatility soars
The Dow Jones Industrials plunged by almost 1,500 basis points towards the close of the session on Monday, alongside a surge in volatility as investors rushed to take out protection against further drops in stocks.
UK new car sales continue downward spiral in January
The new car market declined 6. 3% across the UK in January, with just 163,615 cars rolling out of showrooms in the first month of the year.
Services sector growth slows at start of 2018 to throw doubt on outlook
Growth from the UK's key services sector slowed at the start of the year, a survey on Monday showed, offering a contrasting message on economic growth after a prominent thinktank upgraded its forecast for gross domestic product.