Fidelity Top Stories
FTSE 100 could hit 10,000 if it can shake off Brexit risk premium
For the top-flight index to reach the 10,000 point mark by end-2020, the UK share market needs to either rid itself of the current risk discount associated with Brexit or be carried aloft by a global equity bubble, a top research team said.
BP posts better-than-expected profits and cash flow, output higher
Oil major BP posted better-than-expected first quarter profits and cash flows for the first three months of 2019, together with higher output.
Vodafone discovered vulnerabilities in Huawei-supplied equipment
Vodafone discovered security vulnerabilities in equipment supplied by Huawei to its Italian business, it emerged on Tuesday.
StanChart posts better-than-expected Q1 profit, unveils share buyback
Asia-focused lender StanChart posted a 10% jump in adjusted pre-tax profits to reach $1. 38bn, beating the $1. 1bn anticipated by analysts at UBS and unveiled a $1. 0bn share repurchase programme.
China factory sector activity slows in April, PMIs reveal
Chinese factory sector conditions cooled unexpectedly in April, according to the results of two very closely-followed surveys, indicating that the Asian giant's economy "was not yet out of the woods", according to economists.
Sanchez wins Spanish election as left pushes back against far-right Vox
The Spanish Socialist Party (PSOE) led by Pedro Sánchez is set to remain in power after coming away with the most seats in Congress at Sunday’s general election.
Hammond seeks to build China ties on trip to Beijing
Chancellor Philip Hammond has stepped up attempts to strengthen economic ties with China by praising the Belt and Road initiative and suggesting Britain could go easier on Chinese expansion in the South China Sea.
Warren Buffett says he's ready to invest in the UK
Warren Buffett is prepared to invest in Britain immediately if the right opportunity arises.
Uber seeks valuation of up to $90bn at IPO
Ride-hailing company Uber will unveil the terms for its initial public offering on Friday and it’s reportedly seeking a valuation of between $80bn and $90bn, according to reports.
US GDP growth re-accelerates to 3.2% in Q1
America's economy grew much more quickly than anticipated at the start of the year, helped by strong contributions from household spending, exports and non-residential fixed investment.
Xi pledges "green and sustainable" Belt and Road initiative
China’s President Xi Jinping tried to ease concerns at the Belt and Road project summit in Beijing and pledged it would be a “green and sustainable” initiative.
UK Cabinet ministers ordered to comply with Huawei leak probe
UK Cabinet ministers have been ordered to co-operate with an inquiry into a leak from a National Security Council (NSC) meeting on Tuesday that discussed Chinese telecoms firm Huawei.
Belt and Road: China showcases initiative to world leaders and addresses worries
The Chinese government is set to present its Belt and Road trade initiative to world leaders at a gathering in Beijing starting on Thursday.
Joe Biden launches 2020 Presidential campaign
Former US Vice President Joe Biden on Thursday announced his third bid for the Democratic nomination to run for President in a video in which he criticised President Trump and stated that "everything that has made America America, is at stake".
Analysts label Central Bank of Turkey's 'dovish' turn 'complacent', lira drops
Rate-setters in Ankara stopped holding out the possibility of further interest rate hikes, sending the Turkish lira sharply lower.
Commerzbank and Deutsche Bank call off merger talks, as analysts await next steps
Commerzbank and Deutsche Bank have called of merger talks blaming the execution risks, restructuring costs and additional capital requirements that such a large-scale combination would entail.
May survives attempt to change no-confidence rules
UK Prime Minister Theresa May escaped another attempt to unseat her after Conservative powerbrokers voted against a change in party rules that would have opened the door to a fresh challenge to her leadership.
Sturgeon aims for Scottish independence referendum by 2021
Scottish First Minister Nicola Sturgeon on Wednesday said she will seek a Scottish independence referendum before 2021 if the UK pushes forward with Brexit.
Deutsche Bank and UBS plot asset management merger
Deutsche Bank and UBS have been discussing for months a possible tie-up between their two asset management arms that would result in the creation of Europe's largest investment firm.
America's Lighthizer, Mnuchin to travel to China next week
America's top trade negotiators will travel to Beijing next Tuesday with a view to having a draft deal in place by May.