Fidelity Top Stories
Bank of America forecasts negative price returns for S&P 500 over next decade
Equity strategists at Bank of America told clients to focus on dividends and growth given their forecast for slightly negative price returns for the S&P 500 over the coming decade.
Saudi Aramco boss warns of lack of crude oil production capacity
Saudi Aramco 's boss warned on Tuesday of a lack of crude oil production capacity.
Sunak to lift public sector pay freeze in latest pre-Budget disclosure
UK Finance Minister Rishi Sunak has confirmed reports her will lift a public sector pay freeze when he presents his budget on Wednesday.
Hertz orders 100,000 Tesla Model 3s
Hertz announced its intention to outfit the largest electric vehicle rental fleet in North America with Tesla made sedans on the back of "skyrocketing" interest for electric vehicles.
HSBC Q3 profits up 74%, announces $2bn buyback
HSBC on Monday reported bumper third-quarter profits that smashed expectations as it unveiled plans for a share buyback of up to $2bn after releasing hundreds of millions set aside for expected bad loans during the Covid pandemic.
Ashtead Technology prepares to ride wave of investment in offshore wind
Subsea energy equipment rental and solutions provider Ashtead Technology announced plans to float on the London Stock Exchange's junior market.
Petropavlovsk Q3 output falls, but holds annual guidance
Miner Petropavlovsk said third-quarter production fell 2%, but maintained full-year output guidance.
Small business confidence drops amid inflation and tax hikes
The Federation of Small Businesses warned the Chancellor that concerns about inflation and high taxes had already led some companies to cut back on their hiring and investment plans.
Ford investing £230m in UK Halewood plant to make electric vehicle parts
Ford said it was investing £230m in its UK Halewood plant to make electric vehicle parts as Britain gears up to meet a ban on petrol and diesel vehicles by 2030.
US economic activity off to "encouraging" start in Q4 but no signs price pressures abating
Preliminary survey data revealed that the US economy got off to an "encouraging" start in the fourth quarter but price pressures showed no signs of abating.
IHG sees room revenue rebounding to pre-pandemic levels
InterContinental Hotels Group reported a “significant” jump in third-quarter room revenue towards pre-Covid pandemic levels after a rebound in bookings during the summer as travel restrictions were eased.
China Evergrande makes coupon payment on offshore bond - report
Debt-laden property developer China Evergrande has paid the $83. 5m interest payment on its offshore bond, just before a 30-day grace period expired, placing it in default, Chinese media reported Friday.
Sainsbury's ends talks on sale of banking unit
UK supermarket chain Sainsbury's said it had ended talks over the sale of its banking operation, claiming the potential bid did not offer good value for shareholders.
JD Sports buys 80% stake in Greece's Cosmos Sport
JD Sports Fashion on Friday said it had bought 80% of family-owned Greek firm Cosmos Sport for an undisclosed sum.
UK consumer confidence hit by economic turmoil - GfK
Consumer sentiment has dropped sharply amid economic turmoil including fuel shortages and rising prices, a survey showed.
UK public borrowing halves in first six months of fiscal year
UK public borrowing fell by almost half in the first six months of the financial year as it continued to recover from the impact of the Covid-19 pandemic, according to official data released on Thursday.
StanChart among possible bidders for Citi's consumer banking assets in Taiwan
StanChart is among the lenders planning to table bids for Citigroup's Taiwanese consumer banking assets.
Novavax shares plummet on report of further delays in Covid-19 vaccine
Novavax's manufacturing problems may be more serious than previously thought and could hamper global efforts to fight Covid-19.
Balfour Beatty converts credit facility
British builder Balfour Beatty on Wednesday said it had converted its £375m revolving credit facility to a sustainability-linked loan.
De Beers diamond sales fall in eighth cycle
Rough-diamond sales by Anglo American’s majority-owned De Beers Group fell 6. 1% in the eighth sales cycle of 2021 compared with the previous cycle, but up year on year, the company said on Wednesday.