Fidelity Top Stories
Inflation concerns cap gains in US consumer confidence, University of Michigan says
Consumer confidence in the US continued to languish near the lows hit immediately following the start of the Covid-19 pandemic, as higher inflation and lower confidence in government's economic policies offset the effects of stronger income expectations and receding coronavirus infections, the results of a closely-followed survey revealed.
Huawei revenues fall 32% as US sanctions bite
Chinese telecom giant Huawei on Friday reported a 32% fall in the first nine months of the year as US sanctions continued to hit smartphone sales.
NatWest Q3 profit soars despite £294m provision for money laundering fine
NatWest Bank reported better-than-expected third quarter profits as it released cash set aside to cover bad loans during the Covid crisis and despite a charge of almost £300m to cover a fine for money laundering.
Euro area CPI shoots past forecasts in October, energy main culprit
The cost of living in the Eurozone jumped past economists' forecasts in October on the back of nearly across-the-board gains in prices.
Euro area Q3 GDP beats forecasts, Spain lags behind
Economic activity in the single currency area edged past forecasts in the third quarter, thanks in large part to faster than expected growth in France and Italy.
Independent retailers help stem rise in empty stores - BRC
Empty UK stores remained at a record high in the third quarter but vacancies did not rise for the first time in more than three years as independent retailers revived, an industry survey showed.
Putin tells Gazprom to begin refilling its European natural gas storage sites
Russia's energy minister ordered the country's state-owned gas giant to increase shipments to its storage facilities in Europe.
Weekly US jobless claims fall to new post-pandemic low
US jobless claims continued falling over the past week, reaching a new post-pandemic low in the process.
UK Budget: Sunak gambles on spending spree ahead of pre-election tax cuts
UK Finance Minister Rishi Sunak on Wednesday gambled on a budget spending package to help Britain recover from the Covid pandemic with a string signal that tax cuts would arrive before the next election.
Chip shortages sees UK Sept car production hit lowest level in 40 years
UK car production fell for the third month in a row, hitting its lowest level in four decades, industry data revealed on Thursday.
Shell Q2 profits hit by Hurricane Ida, sets new climate target
Royal Dutch Shell reported lower-than-expected third-quarter adjusted earnings despite higher fuel prices as it took a $400m hit from Hurricane Ida on operations and said it was setting new targets for carbon emission cuts.
Primary Health Properties agrees refinancing on loans
Healthcare facilities investor Primary Health Properties said it had refinanced a number of legacy loan facilities with Aviva Investors and NatWest.
Meggitt says FY revenue to fall on supply chain issues, weaker defence mkt
Aerospace engineer Meggitt said annual revenues would fall by 5% due to supply chain issues and a weaker defence market.
US activist investor calls for break up of Royal Dutch Shell
Activist US investor Daniel Loeb called for the breakup of Royal Dutch Shell.
UK Budget: Rising debt interest payments 'could hit growth forecasts'
Rising interest payments could hit the UK economy's chances of 6. 5% growth next year, economists said on Wednesday after the the government published its budget forecasts.
US durable goods orders point to extended business capex cycle
Orders in the US for goods made to last more than three years grew as expected last month but the trend was quite promising, some economists said, and pointed towards faster non-inflationary wage growth.
Real euro area 'narrow money' growth falling, pointing to slower growth
Money supply growth in the single currency bloc continued to slow in September and in real terms pointed to further downside risks for economic growth, economists said.
Fresnillo Q3 production falls; Warns on labour shortages, inflation
Mining company Fresnillo reported lower silver and flat gold production in the third-quarter as it warned of the impact of labour shortages and inflationary pressures.
Aveva H1 revenues up 9% as OSIsoft provides boost
Software group Aveva on Wednesday said first-half revenue rose 9% on a constant currency basis driven by a strong contribution from the recently acquired OSIsoft business.
Retail prices to rise before Christmas - BRC
UK shoppers face rising prices in the run-up to Christmas after the cost of goods increased for the third month running, the British Retail Consortium said.