Fidelity Top Stories
Trump's ex-economic adviser warns tariffs 'backfiring' on US economy
Donald Trump’s ex-economic advisor Gary Cohn said on Wednesday that the trade war and the tariffs were backfiring and impacting on the US economy.
UK government spends extra £2.1bn extra on no-deal preparations
The government announced on Wednesday an extra £2. 1bn of funding will be destined to prepare for a no-deal Brexit which will double the amount of money it had set aside for that purpose this year.
Bank Rate may need to rise "a bit more", BoE says
Rate-setters at the Old Lady of Threadneedle Street stayed put on Thursday, reiterating that the path of Bank Rate going forwards would hinge on the exact form that Brexit took, although they did appear to tone down slightly their forecast for rate hikes.
LSE Group rockets to record high after Refinitiv agrees all-share tie-up
Shareholders in Refinitiv have agreed to definitive terms with the London Stock Exchange Group that will see the financial data and information provider acquired in an approximately $27. 0bn all-share transaction.
UK July manufacturing sector activity stuck at six-and-a-half year low
UK manufacturing activity continued to shrink at a steady pace last month as firms coped with a myriad of uncertainties against the backdrop of slowed economic growth worldwide, the results of one of the most closely-followed surveys for the sector revealed.
Barclays reports drop in half-year profits, but raises dividend
Barclays reported a large jump in interim profits thanks to the non-recurrence of litigation and conduct charges, higher capital buffers and increased its dividend - despite the risks around Brexit.