Fidelity Top Stories
University of Michigan July consumer confidence index little changed from preliminary reading
US consumer confidence was a tad stronger than expected last month, the results of a very closely-followed survey revealed.
Euro area Q2 GDP growth leaves economists' forecasts in the dust
Euro area second quarter gross domestic product growth left economists' forecasts in the dust.
NatWest beats forecasts as higher rates drive profits
UK bank NatWest on Friday reported better-than-expected profits driven by rising interest rates.
UK consumer credit jumps in June but mortgage lending falls short
Consumer credit expanded more quickly than expected last month amid a jump in credit card use but mortgage lending fell short of forecasts.
StanChart posts 'strong' first half, confident on full-year outlook
StanChart shares jumped at the end of the week after delivering what the lender itself labelled a "strong" set of first half figures, announced a new $500m share buyback programme and expressed confidence on its full-year targets.
Rightmove sees 'broadly stable' market as interim profits rise
UK property portal Rightmove on Friday reported a rise in interim profits despite a cooling in the housing market.
Barclays profits fall after US trading horror show
Barclays reported a fall in pre-tax profits due to a £1. 9bn charge to cover the cost of buying back securities it sold in error and a £300m impairment provision for bad debts amid the cost of living crisis.
BAE unveils £1.5bn buyback as profits rise
UK defence company BAE Systems on Thursday unveiled a £1. 5bn share buyback and higher interim profits.
Shell Q2 profits surge to $11.47bn
Oil and gas giant Shell on Thursday reported a better-than-expected second-quarter profit of $11. 5bn driven by soaring energy prices.
Stocks jump as Fed shifts to meeting by meeting approach
US monetary policymakers shifted back towards a meeting by meeting approach to setting interest rates on Wednesday, instead of offering explicit guidance on the magnitude of their next move.
US durable goods orders jump in June as defence aircraft orders nearly double
Orders for goods made to last more than three years posted a sharp and unexpected rise last month, albeit mainly on the back of a near doubling in orders for defence aircraft.
Boeing holds cash flow forecast after quarterly loss
US aircraft maker Boeing reported a wider-than-expected second quarter loss on Wednesday but still forecast a return to positive cash flow, citing improving supply chains and its healthy order book.
Lloyds lifts outlook as interim income surges on rising rates
Lloyds Bank lifted annual guidance after a rise in net income for the half-year due to rising interest rates, and despite a fall in pre-tax profits.
BAT takes hit of almost £1bn from Russia exit
British American Tobacco said on Wednesday it had £957m hit from the transfer of its Russian business after Moscow's invasion of Ukraine in February.
Wizz Air losses widen as costs rise, revenue surges
Budget airline Wizz Air said first-quarter operating losses widened as it was hit by higher fuel costs, despite soaring revenues and passenger numbers as air travel recovered from the Covid pandemic.
IMF lowers global GDP forecasts, says risks 'overwhelmingly' tilted to downside
The world's watchdog for financial stability lowered its projection's for global economic growth in 2022 due to tighter central bank policies, Covid-19 lockdowns and the real estate crisis in China, and the war in Ukraine.
Games Workshop FY profits rise despite heavy Brexit costs
Warhammer maker Games Workshop reported a rise in annual profits despite a surge in Brexit-related costs.
Natural gas futures jump as Gazprom cuts gas supplies through Nordstream 1 again
Gazprom will halt one of the two remaining turbines that power the Nordstream 1 gas pipeline's compressor station, in a move that is expected to further reduce volumes shipped to Germany.
Barclays outlines plan to buy back $17.6bn in securities sold in error
UK bank Barclays on Monday outlined plans to buy back up to $17. 6bn in securities that it sold by mistake after exceeding registered amounts under US regulations.
US dollar strength and Fed rate hikes enough to kill inflation and push economy into recession, Jefferies says
The Federal Reserve was set to hike short-term interest rates by 75 basis points for a second time in a row at its next meeting on 26-27 July, Jefferies said, but that it would be the last such increment.