Fidelity Top Stories
Putin demands gas payments in roubles or will stop Europe supplies
Russia President Vladimir Putin on Thursday signalled he could override European gas supply contracts unless “unfriendly” states pay in roubles from Friday.
FCA plans £71m redress scheme for British Steel pension members
Britain’s financial regulator has outlined plans for a £71. 2m compensation scheme for 1,400 British Steel workers who were misled by financial advisers on their pensions.
Euromoney suspends Russia business, sees FY in line after strong Q2
Information services group Euromoney Institutional Investor maintained annual guidance and said it had suspended business with clients in Russia and Belarus.
RBC to buy Brewin Dolphin in £1.6bn deal
Royal Bank of Canada is buying UK wealth manager Brewin Dolphin in a £1. 6bn agreed deal.
Europe midday: Shares stay red as investors assess Russia-Ukraine talks
European shares were still in red territory on Wednesday as investors tried to assess the sincerity of Russian pledges to scale back assaults on the Ukraine capital Kyiv as a precursor to progress in ongoing peace talks.
UK regulators raid Mitie London offices - report
UK competition investigators have raided the offices of outsourcer Mitie and are examining the emails of senior staff, after the Home Office raised concerns about suspected anti-competitive behaviour, according to media reports on Wednesday.
Polymetal holds guidance, says ops unaffected by Russia sanctions
Gold miner Polymetal maintained annual production guidance and said operations in Russia and Kazakhstan continue undisrupted amid sanctions on Moscow for its war with Ukraine.
Ukraine war set to batter German consumer sentiment - GfK
German consumer morale is likely to slump next month as the war in Ukraine pushed consumer expectations to their lowest since the 2009 global financial crisis, according to a survey published on Tuesday.
UK govt NatWest stake under 50% after bank buys shares for £1.2bn
NatWest Group said it was buying back a 4. 91% stake in the bank from the UK government for £1. 2bn, taking the British taxpayers’ holding to below 50% for the first time since the financial crash of 2008.
UK facing historic energy shock - BoE's Bailey
Bank of England Governor Andrew Bailey has warned that the shock to real incomes from rising energy prices will be worse than those seen in the 1970s.
Investors should not make economic recession their 'base case', J.P.Morgan says
Equity strategists at J. P. Morgan reiterated their view that clients should not adopt an economic recession in the US, nor in Europe, as their 'base case'.
AstraZeneca Covid drug gets EU approval
The European Union has given marketing approval to AstraZeneca's Evusheld coronavirus medicine for adults and children over 12 years old, the company said on Monday.
Zelensky says Ukraine ready to discuss 'neutrality', seeks compromise on Donbass
Ukrainian President Volodymyr Zelensky said his country was ready to discuss the official adoption of neutrality and wanted to reach a compromise over the eastern Donbass region.
US consumer confidence slips amid as accelerating inflation hits finances, economic outlook
Consumer confidence in the US continued to slip lower in March as concern about mounting inflation dragged on American's outlook for their own finances and the wider national economy.
Smiths interims rise but warns on tough aviation market
Diversified UK engineer Smiths Group reported a rise in interim profit but said it expected a more challenging aviation market in an uncertain geopolitical and macroeconomic environment.
UK February car production slumps 41% as chip shortages bite
UK February car production fell 41% year on year as computer chip shortages and the closure of a Honda plant in July disrupted output, according to industry data released Friday.
UK's Sunak hints at energy bill help after mini-budget criticism
UK Finance Minister Rishi Sunak’s mini-budget was under fire on Thursday for failing to tackle the cost of living crisis hitting the lowest paid and vulnerable.
Playtech still in talks with TTB investors as FY profits rise
Gambling equipment maker Playtech reported a rise in annual profits as it continued to talk to a group of Asia-based investors about a takeover after the collapse of Aristocrat Leisure’s bid earlier this year.
Sunak gambles with election-year tax cut as poor face living squeeze
UK Finance Minister Rishi Sunak placed a long-term bet on the 2024 General Election by pledging a cut in income taxes, while trying to ease the immediate financial pain of Britons with a reduction in fuel duty and threshold rise for National Insurance contributions.
UK govt cuts fuel duty by 5p a litre
The UK government will cut fuel duty by 5p per litre, at a cost of £5bn, with the reduction to take effect from 6pm on Wednesday, Finance Minister Rishi Sunak has announced.