Fidelity Top Stories
UK shop prices rise for first time since 2019 - BRC
UK shop prices rose in November for the first time in two and a half years with increases predicted for Christmas and beyond, the retail trade body said.
Fed's Powell says 'probably a good time' to retire word transitory
Wall Street gave back the prior session's gains after the head of the US central bank said that it was probably a "good time" time to retire the word "transitory" when talking about inflation and to "try to explain more clearly what we mean".
Euro area inflation jumps past forecasts in November
The cost of living in the euro area surged past forecasts in November but economists were anticipating that it would soon peak.
EasyJet sees softer demand due to Omicron Covid variant
Budget airline easyJet reported a softening of demand in the first quarter of the current fiscal year due to the outbreak of the new Omicron Covid variant.
Moderna CEO expects 'material' drop in vaccine efficacy against Omicron - FT
The head of one of the world´s leading vaccine manufacturers predicted that the Omicron variant of Covid-19 would result in a "material" decline in efficacy.
AstraZeneca Lynparza supplemental application gets US priority review
AstraZeneca said that its Lynparza breast cancer drug's supplemental new application had been accepted and granted Priority Review by the US Food and Drug Administration.
JP Morgan sees Brent oil price 'overshoot' to $150 per barrel in 2023
Analysts at JP Morgan predicted that underinvestment in new oil production capacity was set to drive Brent crude oil prices to $125 per barrel in 2022 and $150 in 2023.
UK consumer credit and mortgage lending rise by less than expected in October
Lending to individuals edged higher in October even as mortgage borrowing hit a three-month low.
Russian energy minister warns against 'hasty' decisions on oil output
Russia's energy minister cautioned on Monday against hasty decisions in the wake of the discovery of the Omicron variant of Covid-19.
South Africa to avoid strict curbs, WHO urges caution
South African officials decided not to reimpose mobility restrictions in the wake of the detection of the new Covid-19 variant in the country that had been dubbed Omicron.
Omicron likely to fall 'some way short' of apocalyptic reboot of pandemic, Pantheon Macro says
Analysts at Pantheon Macroeconomics believed the most likely outcome from the appearance of the new SARS-CoV-2 variant, Omicron, would be "some way short of an apocalyptic reboot of the pandemic. ".
New Covid variant triggers alarm bells around the world
Authorities in the UK and many other European countries moved quickly to cut travel links with South Africa and several other countries in southern Africa following the detection of a new variant of Covid-19 with a large number of mutations on the so-called 'spike' protein.
Essentra starts review of packaging unit; CFO to join Synthomer
Essentra said it had decided to start a strategic review of its packaging division as it continued to move towards becoming a pure play components business.
Vivo Energy agrees to $2.3bn buyout by Vitol
Vivo Energy on Thursday said it had agreed to be taken over by Dutch commodities trader Vitol Investment in a deal worth around $2. 3bn.
Hochschild Mining welcomes Peruvian govt u-turn on mine closures
Hochschild Mining said it welcomed the Peruvian government’s conditional u-turn on a decision to close the company’s mines.
US Q3 GDP revised a tad higher
America's economy expanded at a slightly quicker pace than previously estimated during the third quarter.
US consumer confidence edges past forecasts in October
Consumer confidence in the US edged past forecasts last month but Americans were the least upbeat about their personal finances and the overall economy than at any other time over the preceding decade.
US durable goods orders miss forecasts in October, but underlying figures 'strong'
Orders for goods made to last more than three year undershot forecasts last month amid a decline in orders for airplanes, both civilian and military.
Johnson Matthey to sell glass tech business, unveils £200m buyback
Chemicals company Johnson Matthey on Wednesday said it had sold its advanced glass technologies business to Fenzi Holdings for £178m as it reported a half-year loss and announced a £200m share buyback.
Lidl lifts UK stores target to 1,100 by 2025
German discount supermarket chain Lidl said it planned to increase the number of its UK stores to 1,100 by 2025 as it swung to a full-year profit.