Fidelity Top Stories
UK house prices bounce back in July thanks to pent-up demand
UK house prices bounced back in July, boosted by pent-up demand after the coronavirus lockdown ended, according to a survey released by Nationwide on Friday.
London Stock Exchange Group raises interim dividend, may sell Borsa Italiana stake
The operator of the London Stock Exchange hiked its interim dividend following a better-than-expected half for the group.
Americans continue to splash out in June
Americans continued to splash out even as income growth continued to ease from April's fiscal policy induced bonanzas.
France Q2 GDP falls by record 13.8% as Covid lockdowns bite
France’s economy contracted by a record 13. 8% in the second quarter as it felt the impact of coronavirus lockdowns, official data showed on Friday.
Washington to support GSK and Sanofi Covid-19 vaccine with $2.1bn
GlaxoSmithKline and Sanofi have inked an agreement with the US government to speed up development and manufacturing of their Covid-19 vaccine candidate at scale.
NatWest swings to loss as it adds £2bn for Covid bad loans
NatWest first-half profits evaporated as the bank was forced to set aside an extra £2bn for bad loans in the second quarter due to the Covid-19 pandemic.
Paragon Banking says 21% of loan balances on deferrals
Mortgage lender Paragon Banking said reported payment deferrals on 21% of its loan balances during the coronavirus crisis.
Euro area GDP collapses at record rate in second quarter 2020
Euro area gross domestic product recorded a contraction 12. 1% over the second quarter.
Facebook claims new Apple iOS could hurt ad targeting
Facebook Chief Financial Officer David Wehner said on Thursday that the Apple iOS 14 system could hurt the way the social media network targets ads to users.
Spain enters recession as GDP plummets 18.5%
Spain posted a record fall in GDP in the second quarter, plunging a worse-than-expected 18. 5% and sending the country into a deep recession, data from the National Statistics Institute showed on Friday.
BAT reports higher profits on demand for high-priced cigarettes, vapes
British American Tobacco on Friday reported better-than-expected profits, driven by sales of more high-priced cigarettes and strong demand for it vaping products in the US.
Official China factory PMI edges past forecasts in June
Chinese manufacturing sector activity recorded a fifth consecutive month of recovery, the results of a key survey showed.