Fidelity Top Stories
National Grid files settlement plan for New York gas distribution
UK energy infrastructure company National Grid said it had filed a joint proposal for a three-year rate settlement for its New York gas distribution businesses.
Credit Suisse says markets 'consolidating' not 'correcting'
Stockmarkets are set to consolidate, given that inflation is now "a bit more" of an issue, but they are not headed for a 'correction', says Andrew Garthwaite at Credit Suisse.
Europe close: Stocks end week on an up note despite soft US economic data
European shares ran up on Friday, tracking gains on Wall Street despite slightly weaker-than-expected readings on economic activity in the US.
Higher inflation takes its toll on US consumer confidence, University of Michigan says
Higher inflation is taking its toll on Americans' confidence in the economy, the results of a closely-followed survey revealed.
UK prepares to 'flex' vaccination program to tackle Indian Covid-19 variant
UK vaccines minister Nadhim Zahawi said on Friday that the government was gearing up to "flex" its inoculation program in order to tackle the new coronavirus variant first detected in India.
Rolls-Royce expects to turn cash-flow positive in second half
Rolls-Royce engines flew at 40% of 2019 levels in the first four months of this year as the company said it expected to turn cash-flow positive in the second half as airline travel recovered from the Covid pandemic.
Bitcoin slumps after Elon Musk criticises high cost to environment
Bitcoin was unloved in overnight trading after Elon Musk voiced concern about the energy used that was increasingly needed to mine the cryptocurrency.
Balfour Beatty 'on track' to deliver underlying earnings
Infrastructure company Balfour Beatty on Thursday said its earnings-based businesses were on track to deliver underlying profit from operations of £172m for 2021, in line with 2019.
UK house prices rise as supply dwindles - RICS
UK house price growth accelerated in April because of a shortage of homes in a market boosted by the response to the Covid-19 crisis, a survey showed on Thursday.
US CPI rises at fastest pace in over a decade
April's consumer price index rose 4. 2% year-on-year, according to the Labor Department, ahead of estimates for a print of 3. 6% and the fastest pace of increase since September 2008.
Chinese narrow money supply shrinks in April
China's money supply growth slowed quickly last month as economic authorities tightened monetary and fiscal policy.
Compass sees Q3 margin improvement as interims slump
Catering giant Compass said it expected a gradual recovery in third quarter margins after interim profits and revenue slumped due to the coronavirus pandemic.
Future buys Marie Claire US for undisclosed sum
Media platform Future said it had bought Marie Claire US, a joint venture between Marie Claire Album SAS and Hearst Magazines Media, for an undisclosed sum.
Fed's Mester and ex- NY Fed's Dudley diverge on policy views
The debate around whether the US central bank's policies were too 'accommodative' or not and the cost-benefit trade off attached to them was continued on Tuesday.
Opec reiterates global oil demand forecast for 2021
Opec reiterated its 2021 forecasts for world oil demand on Tuesday, as it nudged its predictions for global economic growth higher.
Morrisons reports sales slowdown but sees full-year profits growth
UK supermarket Morrisons reported a marked slowdown in quarter-on-quarter sales but reiterated guidance for full-year profits growth and lower debt.
BioNTech raises sales guidance, touts progress on oncology pipeline
BioNTech revised its full-year sales forecast higher on the back of feverish demand for its Covid-19 vaccine and announced further progress in oncology pipeline.
Niesr lifts UK growth forecasts as Covid-19 impact starts to ease
The National Institute of Economic and Social Research has upped its growth forecasts for the UK, the influential think-tank confirmed on Monday.
Citi sees near-term risks easing after Scottish election results
Analysts at Citi believe the results of the Scottish elections during the previous week's will see some of the more acute near-term risks ease.
Centrica maintains £100m cost savings target as demand falls in Q1
British Gas owner Centrica said it continued to expect year-on-year operating cost savings of more than £100m this year as part of its restructure plans.