Fidelity Top Stories
Italy parties close to power sharing deal ahead of talks with president
Italy’s 5-Star Movement and League parties were close to signing off on a power-sharing deal on Monday they could take to the nation's president later in the day.
Cleveland Fed's Mester says "too soon to say inflation goal has been met"
A top Federal Reserve official welcomed the recent rise in inflation to the central bank's target level, but said it was too soon to say its inflation had been met, apparently placing her in the camp of those rate-setters who were expecting just two more interest rates hikes in 2018 and not three.
Morgan Stanley says UK equities set to trump economic uncertainty
UK equities offer fertile ground for stock-pickers, Morgan Stanley says, despite the poor macroeconomic outlook.
FCA investigates Interserve over insider information
The City watchdog's enforcement division has launched an investigation into Interserve's handling of inside information and its disclosures to the market over its troublesome exit from the energy-from-waste business.
ZPG agrees £2.2bn takeover by US private equity firm Silver Lake
Zoopla and PrimeLocation owner ZPG has agreed to be bought by US private equity firm Silver Lake Management for 490p per share in cash, or £2. 2bn.
BoE cuts near-term forecasts, points to hike towards turn of year
Policymakers at the Bank of England opted to keep Bank Rate on hold on Thursday, sticking to their forecasts for a moderate pace of economic expansion over the medium-term, while pointing to current market pricing for another hike in Bank Rate around the turn of the year - although there were two dissenters.
Middle East tensions increase after Israel attacks Iranian targets in Syria
Tensions in the Middle East heightened overnight Thursday as Israel launched air strikes against Iranian targets inside Syria in retaliation for a rocket attack on the Golan Heights it pinned on Iran.
US 'core' CPI falls short of forecasts in April
Consumer prices in the States advanced by slightly less-than-expected last month despite a bounce back in energy costs.
Economists seek meaning in BoE's decision to hold rates
Economists and analysts were divided as they tried to make sense of the Bank of England’s decision to keep rates on hold while trimming its economic forecast.
Gloomy UK manufacturing and construction figures add to economic doubts
Sluggish factory output and a continuing contraction in the construction industry added to doubts about the economy as the Bank of England prepared to release its latest decision on interest rates later on Thursday.
RBS agrees to pay $4.9bn to settle US mortgage securities case
Royal Bank of Scotland has agreed to pay $4. 9bn (£3. 6bn) to settle a long running-investigation by the US Department of Justice into the bank’s dealing in mortgage-backed securities before the financial crisis.
Vodafone to gobble up Liberty Global operations in Germany and further east
Vodafone has agreed to acquire Liberty Global's operations in Germany, the Czech Republic, Hungary and Romania for an enterprise value of €18. 4bn, the telco giant announced on Wednesday.
Hitachi receives government loan assurances for controversial nuclear plant
Hitachi has received assurances from the UK government that loans will be provided for the construction of two nuclear reactors in Wales according to Japanese media reports.
MPs get vote on single market after government's Lords defeat
The British government suffered four more Brexit defeats from the upper house of parliament overnight, including a voted against leaving the European Union’s single market after the divorce date.
Commodities: US pulls out of Iran nuclear deal
US President Donald Trump has announced he is pulling his country from the so-called Iran nuclear deal.
Oil trims losses amid mixed reports on White House's Iran intentions
Crude oil futures slumped, but then reversed course, amid conflicting reports about whether the US would pull out from the multilateral deal on Iran's nuclear programme.
Prepare for US Treasury yields at 4.0%, JP Morgan's Dimon says
Investors would be well-advised to prepare for longer-term US interest rates to reach 4. 0%, the head of the largest US investment bank by market capitalisation said in an interview.
Trump to pass judgement on Iran nuclear deal on Tuesday
President Donald Trump will reveal his decision on whether the US is to pull out of the Iran nuclear accord today according to a tweet he published on Monday.
Virgin Money ponders CYBG's £1.6bn takeover offer
CYBG, the owner of the Clydesdale Bank and Yorkshire Bank, has made an all-share takeover approach for Virgin Money that values its rival at £1. 6bn, though some analysts said investors should expect a cash sweetener as part of the bid.
Italian bonds sink after coalition talks fail
Italians will be asked to head back to the polling stations in summer or autumn after talks to build a government coalition failed.