Fidelity Top Stories
Rouhani's offer to return to nuclear deal snubbed by conservatives in Iran
Iranian President Hassan Rouhani’s offer to return to the 2015 nuclear deal in exchange for the US scrapping its sanctions against Tehran was rebuked by conservative factions in his country.
Barclays equity strategy: EPS growth key to offsetting rise in bond yields
Increasing momentum in analysts' estimates for company earnings is helping to offset the pressure from rising government bond yields on shares' valuation multiples, analysts at Barclays Research said.
Legal & General reports slight fall in annual profits
Legal & General reported flat annual operating profits as it set aside an extra £110m in Covid-19 insurance claims due to the emergence of new virus strains.
Factory prices hit two-year high in China as consumer inflation eases
Factory gate prices in China have risen to their highest level since November 2018, official data showed overnight on Wednesday.
Apollo bid for Greensill on verge of collapse - reports
Apollo Global Management’s plan to buy parts of collapsed finance company Greensill Capital is looking doubtful after a key partner moved to secure its own finances, media reported on Wednesday.
'Super cautious' OPEC stance on output increases could backfire, Citi says
The "super cautious" approach adopted by Saudi when it comes to adding to global crude oil supplies might backfire on the Organisation of Petroleum Exporting Countries and its allies, Citi argued.
Consumer demand helps De Beers diamond sales shine
Anglo American reported a rise in rough-diamond sales at its De Beers unit in the second sales cycle of 2021 year-on-year, on the back of higher consumer demand.
Wagamama owner Restaurant Group to raise £175m as losses widen
Wagamama owner The Restaurant Group said it aimed to raise £175m as it looked to bolster its balance sheet as it reported wider losses due to coronavirus lockdowns.