Fidelity Top Stories
Annual house price growth remains flat in June, Halifax says
House prices in the three months to June were 1. 8% higher than the same period a year earlier, according to the latest reading on Halifax's House Price Index, just a touch lower than the 1. 9% annual growth rate seen in May.
Deutsche Bank jumps on reports JP Morgan and CIBC mulling stakes
Shares of Deutsche Bank are a top gainer early on in the session following reports that two of its global banking peers may be weighing taking a stake in the German firm.
Businesses fear for UK's post-Brexit service sector as May meets Merkel
As Theresa May’s cabinet prepare to decide their final strategy for a possible post-Brexit customs agreement with the EU, businesses in the UK are turning up the pressure on the Prime Minister.
Italy to push for both tax cuts and basic income in next annual budget
Italy's new government will push ahead with both tax cuts and a universal basic income in its first budget, the country's finance chief said, even as he moved to assuage concerns that Rome might breach its budget targets.
Carney sees economy bouncing back, boosting rate-rise expectations
The governor of the Bank of England said the UK economy was bouncing back from a weather-induced slump in activity, reinforcing expectations the BoE would increase interest rates in August.
Jaguar Land Rover may leave UK in case of 'hard-Brexit'
Jaguar Land Rover said on Wednesday that a hard-Brexit could cause the company to curtail its operations in the UK, in a bid to avoid costs as high as £1. 2bn a year.
Qatar-backed venture gets approval for Elephant & Castle scheme
A venture backed by Qatar’s sovereign wealth fund has been given the go-ahead for a contentious project to build almost 1,000 homes in London’s Elephant and Castle district.
China pressures EU for anti-US trade alliance
Brussels is under pressure from China to form an alliance against US President Donald Trump’s aggressive trade policies, according to European officials.
Banks face potential new PPI bill after court ruling
Shares of Lloyds Banking Group and other lenders fell on Tuesday after a court ruling raised the prospect of a big new bill for compensating customers sold payment protection insurance (PPI).
Merkel faces crisis as interior minister offers to resign over migration battle
Germany's political landscape has become clouded by uncertainty after the country’s interior minister, Horst Seehofer, tendered his resignation after a showdown with Chancellor Angela Merkel over immigration.
Vedanta founder swoops in with possible offer after protester deaths
Vedanta directors have indicated they would be prepared to recommend a possible £778m all-cash takeover offer from founder Anil Agarwal, which comes amid a share slump after several protestors were killed by police at protests against the expansion of the company's Tuticorin copper smelter in India.
China Caixin factory sector PMI edges lower in June
A closely-tracked gauge of economic activity in China eased a tad in June, pointing to slightly slower growth in the Asian giant on the back of slower credit growth and trade tensions, economists said.