Fidelity Top Stories
Gandhi warns of Indian second wave that threatens to spread worldwide
India's main opposition leader Rahul Gandhi warned on Friday that the second Covid-19 wave that is fiercely hitting the country needs to be brought under control or it could even threaten the rest of the world.
US non-farm payrolls rise by just 266,000 in April
America's labour market last month generated the fewest jobs ever relative to economists' forecasts.
Shoppers return as non-essential retail re-opens - BRC
Shoppers are returning to UK high streets as lockdown measures ease and non-essential retail reopens, industry data showed on Friday.
Furlough numbers fall as lockdown measures ease
The number of workers on furlough has fallen to 4. 2m, government data published on Thursday showed.
BoE stands pat, Haldane casts dissenting vote
The Bank of England stood pat on monetary policy on Thursday to support the recovery and ensure that consumer price inflation returned to its 2. 0% target sustainably.
Trainline losses widen on Covid impact but sees signs of recovery
Online ticket platform Trainline widened annual losses as passenger demand plunged during the Covid-19 pandemic, but said it was seeing the first signs of recovery as lockdowns ease and non-essential travel resumed.
Barratt to repay Covid rate relief, sees FY 'modestly' ahead
Barratt said it expects full year results to be “modestly above” prior expectations after a strong start to the new year and was refunding £3. 5m in Covid business rate relief.
UK shoppers flock to high streets as restrictions ease
Shoppers flocked to bricks and mortar stores in April, industry data published on Thursday showed, as non-essential retail started to reopen.
US services PMI shows sector still growing at brisk pace in April - ISM
America's services sector continued to grow at a brisk pace last month, stoked by strong demand across sectors, the results of a closely-followed survey revealed.
US private payrolls grow by 742,000 in April
US private payrolls grew in April, with firms rallying to hike production amid a surge in demand.
Fed's Yellen says she is neither predicting nor recommending interest rate hikes
The head of the US Treasury issued a clarification of her earlier remarks on interest rates.
Asset purchases not creating financial imbalances, Fed's Williams tells WSJ
A top US central bank official gave short shrift to the supposed need for the Federal Reserve to begin dialing back on its asset purchases.
Wizz Air April passenger numbers show signs of recovery
Hungarian budget airline Wizz Air reported an improvement in passenger numbers during April, showing signs of a recovery in the travel market from plunging demand in 2020 as the Covid-19 pandemic took hold.
OSB Group holds guidance as loans rise in first quarter
Buy-to-let lender OSB Group maintained full-year guidance as loans and advances rose in the first three months of 2021.
Virgin Money doubles profits as impairment charges plunge
Virgin Money said first-half profit more than doubled as Covid-19 impairment charges tumbled and the bank signalled a cautiously optimistic outlook driven by Britain's Covid vaccination programme.
Government spending may cause 'very modest' interest rate increases, Yellen says
The price of money in the US may need to rise very modestly in order to keep the economy from overheating, the head of the country's Treasury said.
Frasers Group starts share buyback up to £60m
Mike Ashley-controlled Frasers Group said it was starting a share buyback of up to £60m to reduce its share capital.