Fidelity Top Stories
Santander to extend claim deadline after IT problems
Santander has extended the deadline to allow people to file PPI complaints after the lender's website suffered some IT issues.
UK has offered 'nothing credible' on Brexit backstop - Irish deputy PM
The UK had still not put forward any “credible” proposals on replacing the Brexit backstop, Ireland's deputy taoiseach said on Friday as Britain said it wanted to “step up the tempo” on talks with the European Union.
Xi Jinping rejects Philippines' territorial claims in South China Sea
Chinese President Xi Jinping rejected Filipino claims to territory in the South China Sea in a bilateral meeting with President Rodrigo Duterte on Thursday.
BofA-ML sees 'contrarian' signal to buy shares, despite risk of bond bubble bursting
A widely-followed market timing indicator flipped into a 'buy' signal on Thursday, pointing to better than even odds, albeit not by much, of a near-term rally in stocks, although bonds were most likely set for a correction.
UK lending to individuals and businesses softens in July
Lending to UK consumers and businesses slowed further in July, although mortgage lending held up.
ECB's Lautenschlager argues against restarting QE
Sabine Lautenschlager became the third member in as many days at the end of the week to argue against the European Central Bank restarting its quantitative easing programme, saying that there were no signs yet of deflation and warning of the risk of 'moral hazard' by setting the wrong incentives for governments.
UK inflation expectations hit six-year high in August, poll shows
Britons' inflation expectations hit a six-year high in the likely run-up to the UK's exit from the European Union, the results of a widely-followed survey showed.
House prices grow less than 1% for ninth month in a row
Annual house price growth across the UK remained below 1% for a ninth consecutive month in August as political and economic uncertainties weighed on potential buyers.
US Q2 GDP buoyed by very strong consumption, revised data show
The US economy slowed by only a smidgen more than originally thought during the second quarter, revised data showed, but only thanks to the strongest showing for the American consumer in over half a decade, which was more than offset by downwards revisions to most of the other components of aggregate demand.
Scottish Tory leader Davidson quits citing Brexit 'conflict', family pressures
Scottish Conservative Party leader Ruth Davidson quit on Thursday, citing personal “conflict” over Brexit as campaigners prepared to fight the looming suspension of parliament.
China lodges protest over new US tariffs but refrains from immediate response
China lodged a formal protest against the latest round of trade tariffs announced by the US but said that for the moment being it would refrain from a like-for-like response, although a meeting between trade officials from both sides in September had yet to be confirmed.
Pound slumps as UK confirms Queen's Speech for Oct 14
Sterling plunged as UK Prime Minister Boris Johnson confirmed he would suspend parliament and hold a Queen's Speech on October 14, just a few weeks before the October 31 Brexit deadline.
No confidence vote and early UK elections still most likely scenario, ING says
Westminster's decision to to suspend Parliament meant the withdrawal process would go down to the wire, raising the odds of the UK crashing out of the European Union without a deal "slightly", but a no-confidence vote that led to another Article 50 extension and new elections remained the most likely outcome - but only "narrowly" - analysts at ING said.
Former HSBC banker cleared in €1.6bn tax fraud case
A former executive from HSBC's private Swiss bank has been cleared three years after French authorities charged him with helping clients hide assets worth at least €1. 6bn (£1. 45bn).
Petrofac interims lower as margins fall; Sees lower 2020 revenue
Oil industry engineer Petrofac reported a fall in interim core earnings due to a decline in contract margins, higher overheads and higher tax as it warned of lower revenues in 2020.
Iran steps back from nuclear deal talks with US
Iranian President, Hassan Rouhani, reversed course on the possibility of holding talks with the US on a new nuclear deal until Washington lifts "all illegal, unjust and unfair sanctions imposed on Iran".
M5S halts coalition talks, demands Conte stay as PM
The Five Star Party (M5S) and the Democratic Party (PD) have reached an impasse in their talks to craft a new coalition government over whether to choose Giuseppe Conte as Prime Minister once again.
US landlords drop opposition to Arcadia restructure plan
Two US landlords have dropped challenges to restructuring plans at Philip Green's Arcadia group, the UK retailer said on Tuesday.
Wall Street reels after US President says he will respond to Chinese counter-tariffs
Wall Street was left reeling at the end of the week after the US President upped the ante in his trade war with China following Beijing's decision to retaliate against the latest measures threatened by Washington.
Monetary policy may not be ideal tool against trade disruptions, Fed's Powell says
Monetary policy might not be the best tool to address the impact of trade wars, although it might help to offset some of their effects, which might prove to be transitory, the head of the world's most important central bank, the US Federal Reserve, said.