Fidelity Top Stories
US Congress to block trade deal with UK if Irish peace compromised
American congressmen and diplomats warned that it would block any US-UK trade deal after Brexit if the divorce with the European Union affected the Irish border, putting the peace in Northern Ireland at risk.
Private sector payrolls rise by 156,000 in July, ADP says
Private sector payrolls in the States increased at a slightly quicker than expected pace in July, the results of a closely-followed survey revealed.
Just Eat's delivery rollout boosts revenue but takes a bite from profits
Just Eat reported a leap in interim revenues on Wednesday following the rollout of its delivery service, though costs associated with the expansion almost wiped out profits.
Charges hit Lloyds's bottom line in the second quarter
High Street lender Lloyds posted stronger than expected net income and lower costs at the half year stage, despite which statutory profits came in weaker than expected.
Citigroup plans to cut hundreds of jobs from global markets division
Citigroup is planning on slashing hundreds of jobs at its global markets division, said Bloomberg.
UK to attempt to negotiate new Brexit deal with EU
UK Prime Minister Boris Johnson will press the European Union in an attempt to negotiate a new Brexit deal before 31 October his office said on Tuesday.
BP beats second quarter profit forecasts as oil output increases
Oil major BP posted better than expected results for the three-month stretch to the end of June on the back of higher oil output, despite a decline in crude prices versus a year ago.
Lower volumes, prices take shine off Fresnillo interims
Lower volumes and prices have hit half year results at gold and silver miner Fresnillo, with core profits down 45. 7%, the company said on Tuesday.
Pound slides as Boris Johnson pledges fresh Brexit negotiations
Boris Johnson on Monday pledged to "go the extra thousand miles" to seek an exit deal with the European Union, even as government preparations for a no-deal Brexit sent the pound to fresh lows.
Takeaway.com moves to take out Just Eat, analysts say counterbid possible
Just Eat and Takeway. com have reached a preliminary agreement on the key terms for merging the two online food delivery giants.
UK mortgage approvals jump past forecasts in June
UK mortgage approvals rose past forecasts last month, alongside increasing consumer credit and a pick-up in the rate of growth of households' broad money holdings, pointing to continued economic growth ahead of the October Brexit deadline.
LSE confirms talks on $27bn Refinitiv deal
London Stock Exchange Group confirmed on Monday it was in talks to buy financial data and trading platform provider Refinitiv in a deal that could be valued at $27bn.
Higher premiums help lift Hiscox interims
Lloyds of London insurer Hiscox reported interim profits at the upper end of its guidance range, with a 4. 8% investment return and more earnings from premiums offsetting claims from natural disasters.
Exclusive: UBS's Andrea Orcel did take a hair cut on 'buy out' from Santander
Madrid and London got a reprieve on Friday from the summer of 2019 heatwave that had blanketed most of Europe, with maximum temperatures falling to a relatively cool 31 and 24 degrees centigrade, respectively, but in Santander's boardroom just the opposite was probably true.
Sports Direct warns of €674m tax bill; House of Fraser issues 'terminal'
Sports Direct finally revealed in after-hours trading that core earnings fell 6%, chief financial officer Jon Kempster was leaving the company, the Belgian tax authorities are demanding €674m and House of Fraser's problems are “terminal”.
Barnier hits back at Johnson's attempts to split EU27 on Brexit deal
The EU's Brexit negotiator on Thursday accused UK Prime Minister Boris Johnson of attempting to split the blocs remaining 27 states by threatening a no-deal departure if the Irish backstop was not removed.
Unilever first half sales up 3.3% in 'mixed' markets
Consumer goods giant Unilever on Thursday reported flat interim pre-tax profits as underlying sales grew 3. 3% with volume 1. 2% and price 2. 1% in “mixed” markets.
Javid appointed UK finance minister in Johnson's brutal reshuffle
Sajid Javid was appointed Britain's new finance minister on Wednesday as Boris Johnson sacked half the Cabinet and installed one of the most right wing administrations in decades.
Boris Johnson becomes UK PM with pledge to deliver Oct 31 Brexit
Boris Johnson took over from Theresa May as prime minister on Wednesday and swiftly pledged to deliver Brexit on October 31 with or without a deal.
UK's Hammond quits as finance minister
Britain's Finance Minister Philip Hammond quit his post on Wednesday as expected, and before Boris Johnson arrival at Downing Street as prime minister.