Fidelity Top Stories
Trump warns US-North Korean summit could be delayed
The US president warned that the summit with North Korean leader Kim Jong-Un set for 12 June in Singapore could be delayed.
M&S annual profit falls as food margins are squeezed
Marks & Spencer’s annual profit fell 5. 4% as margins at the retailer’s food business were squeezed by the rising cost of ingredients.
China cuts car import duties as it seeks deal to save ZTE
China said it would cut import duty on passenger cars in an apparent concession to the Trump administration as it seeks a deal to save ZTE from US sanctions.
Manufacturing loses steam as orders slow, CBI survey shows
Factory order books weakened in May and output growth slowed to its weakest for more than two years in signs that UK manufacturing may have peaked as the world economy slows.
BoE's Vlieghe says rates could rise six times in three years
Interest rates could rise six times over the next three years, one of the most dovish members of the Bank of England’s monetary policy committee told MPs.
House prices fall in South East England for first time since 2011
Property asking prices climbed to a new record high this month, but prices fell across south-east England for the first time since in seven years.
Tories and bookmakers prepare in case of early election
Theresa May has received mixed support for her compromise Brexit custom plans, with some Tory MPs preparing for a general election later this year but foreign minister Boris Johnson backing the Prime Minister.
US and China agree framework to reduce trade tensions
The US administration set aside its threat of tariffs on Chinese goods for the moment, following two days of negotiations with Beijing, after China proposed a "significant increase" in its purchases of US-made goods.
Glencore shares drop on reports of looming SFO probe
Glencore’s shares were well into the red on Friday afternoon, as reports emerged that the Serious Fraud Office was making preparations to open a formal investigation into the company, over its work with the leader of the Democratic Republic of the Congo and Israeli billionaire Dan Gertler.
Trump warns Kim Jong-Un to strike a deal or suffer the same fate as Gaddafi
US President Donald Trump contradicted his national security adviser John Bolton and said the 'Libya model' for denuclearisation is not the way forward with North Korea, but said it was a possibility if both countries don’t strike a deal in the near future.
Barclays to buy Lloyds Irish mortgage portfolio for £4bn
Lloyds said it was selling its Irish residential mortgage portfolio to Barclays Bank for £4bn.
Oil reaches $80 mark for the first time since 2014
A warning from the head of France's Total that it will stop development of a key Iranian gas field has pushed oil prices back above $80 a barrel for the first time since 2014.
Downing Street dismisses reports UK will stay in customs union past 2021
Prime Minister Theresa May on Thursday dismissed a media report the government is planning for the UK to stay in the European customs union after 2021.
William Hill says FOBT cut will hit profits by up to £70m
William Hill said the government's cut in fixed odds betting terminal (FOBT) stakes to £2 would hit operating profits by up to £100m and reduce gaming revenue by 35-45%.
Paddy Power Betfair says FOBT stake cut will hit gaming revenues by £35m-£46m
Paddy Power Betfair said the plan to cut the maximum stake on fixed odds betting terminals to £2 would hit gaming revenues by £35m-£46m, although it welcomed the change.
GVC sees £160m hit from UK govt betting stake changes
Ladbrokes Coral owner GVC said the planned new £2 maximum stake on gaming machines would cost it £160m, but said it would challenge the government's decision in court.
Stagecoach-Virgin East Coast franchise to be renationalised
One of the two high-speed rail routes between London and Scotland will be renationalised for the second time in less than a decade, after franchise holder Virgin Trains East Coast said it could no longer make payments on its £3. 3bn contract with the government.
Italian bonds rise as 5 Star, League economic plans leaked
Italian bond yields rose sharply on Wednesday after a plan by the populist 5 Star and League parties leaked revealing they want to write off €250bn (£220bn) in European Central Bank debt as part of a deal to govern in coalition.
Fed's Kaplan closely watching US Treasury yield curve
Be careful not to force an inversion in the Treasury yield curve, a top US central bank official said on Tuesday.
UK pay growth slows but employment grows
Growth in British wages slowed in March, official data showed on Tuesday, but employment expanded at the best quarterly rate for more than two years and the squeeze on real incomes eased as pay growth matched inflation.