Fidelity Top Stories
FirstGroup chief steps down after skid to losses
Investors do not like write-downs, particularly on goodwill, nor falling profits, especially when your company's share price is at half the level that it was at when you joined.
US slaps steel and aluminium tariffs on EU, Canada and Mexico from Friday
Washington will implement steel and aluminum tariffs on metals imports from the European Union, Canada and Mexico from Friday, Commerce Secretary Wilbur Ross said.
Jonathan Haskel to join Bank of England's rate setting committee
The Treasury has named an economics professor from London’s Imperial College Business School as the newest member of the Bank of England’s Monetary Policy Committee.
BoE to breathe sigh of relief after April credit data, analysts say
Consumer lending in the UK held up better-than-expected last month, but some analysts cautioned that households' real incomes were still on a downwards trend.
Low-boil in China-US tensions likely, but risk for escalation real - Oxford Economics
As things stand, the White House's proposed tariffs on Chinese goods will only have a "minimal" impact on the US economy, but the risk of an escalation is real, said Oxford Economics.
Spanish parliament moves to unseat PM gain some momentum
Spain's two largest opposition parties, PSOE and Podemos, have gained a degree support from the remainder of parliamentary groups for their attempts to remove Prime Minister Mariano Rajoy from power through a vote of no confidence scheduled for Friday.
Analysts wary of reports of 11th hour deal on Italian government
Parties from across Italy's political spectrum are reportedly attempting to thrash out an 11th hour agreement on forming an interim government.
RBS CFO Stevenson quits as government readies stake sale
Royal Bank of Scotland is looking for a new chief financial officer after announcing the departure of Ewen Stevenson as the government prepares to sell some of its stake in the bank.
Dixons Carphone warns on profits for coming year
Dixons Carphone said profits were down 24% in the past year and will drop more than 21% in the coming year as new chief executive Alex Baldock sees "plenty of hard work" ahead for the electricals retailer.
Italy's stock market dives on prospect of new elections
Italy's main stockmarket gauge, the FTSE Mibtel, has fallen into the red for the year, amid concerns that the country is headed towards fresh elections, which some observers believe might turn into a 'de facto' referendum on the country's membership of the euro.
Treasury and BoE at loggerheads over post-Brexit rules
The Treasury and the Bank of England are said to be locked in a battle over regulation of the City after Brexit.
Spanish PM facing impeachment motion
Spain's High Court has found Spain's ruling Partido Popular party guilty of benefiting from illegal campaign financing, handing down prison sentences for 29 of the 37 defendants.
UK mortgage numbers rise more than expected
The value and number of UK mortgages improved more than expected in April, confirming a stabilising of housing demand, while credit card data also showed strongly in value in April with numbers of mortgage approvals driven by 30% growth in remortagaging.
Trump axes summit with North Korea due to Pyongyang's 'open hostility'
US President Donald Trump on Thursday released a letter to North Korean leader Kim Jong Un that effectively cancels their planned summit in Singapore on 12 June.
UK retail sales recover from snow, underlying conditions remain weak
Retail sales volumes rose much more than expected in April as the industry recovered well from the weather-induced slump the month before.
UK to propose extension to Brexit transition period until 2023 - report
Theresa May is set to ask the European Union for an extension of the Brexit transition period until 2023, according to reports.
Turkish central bank executes emergency rate hike to stem lira weakness
Turkey's central bank has hiked interest rates following an emergency meeting by rate-setters in Ankara.
Barclays casts eye over Standard Chartered as Bramson hovers
Barclays is reported to be considering a merger with Standard Chartered or another international bank as part of contingency planning prompted by the arrival of activist investor Edward Bramson as a shareholder.
Europe open: Stocks drop sharply as Trump douses optimism on trade, geopolitics
European stocks have started the morning lower after the US President said he was not happy with the results of recent trade talks between his country and China.
UK inflation unexpectedly falls to 13-month low
Inflation fell unexpectedly in April, casting doubt on when the Bank of England will next decide to increase interest rates.