Fidelity Top Stories
US non-farm payrolls surprise to the upside in July, unemployment retreats
Hiring in the US continued to outpace forecasts last month with most economists bedeviled by all the distortions in the official data in the wake of disruptions from the Covid-19 pandemic, including to statisticians' work.
TikTok threatens legal action over Trump ban
TikTok has threatened legal action against the US after President Donald Trump ordered firms to stop doing business with two Chinese apps within 45 days.
UK winter energy bills to fall by £84 as regulator lowers price cap
British consumers will see lower energy bills this winter after the industry regulator cut its price cap to record lows as wholesale energy market prices plunged during the coronavirus pandemic.
Sunak rules out furlough extension, says UK won't hesitate on quarantines
UK Finance Minister Rishi Sunak on Friday ruled out an extension to the government’s coronavirus furlough scheme, saying it could not carry on indefinitely.
Halifax house price index registers record high in July
House prices across the UK hit their highest mark in the history of the Halifax house price index in July, adding to the emerging view that the market is experiencing a surprising spike post lockdown.
Hikma raises sales guidance as profits rise on Covid-related demand
Hikma Pharmaceuticals lifted sales guidance for its injectables business on the back of higher demand for key medicines during the coronavirus pandemic as it reported a rise in interim profits.
China import growth unexpectedly dips in July
Chinese exports printed well ahead of economists' forecasts again in July but import growth dipped, stoking some concern about the pace of the domestic recovery in China.
Rightmove profits slump but optimistic after strong July
Online real estate agency Rightmove posted a fall in half-year profits and agency branches, reflecting the impact of the coronavirus lockdown as it reported a cautiously optimistic outlook after strong trading in July.