Fidelity Top Stories
Euro area consumer confidence improves as expected in February
Consumer confidence in the single currency block improved for a fifth month in a row in February, but remained well below its long-term average.
BofA's Hartnett believes Fed's job 'very much unaccomplished'
BofA's investment strategies believed that the Federal Reserve's job was "very much unaccomplished".
NatWest shares slump despite profit surge, £800m buyback
Shares in Britain’s NatWest slumped on Friday despite the bank reporting annual profits up by more than a third and unveiling an £800m share buyback as it cashed in on surging interest rates.
US producer prices rise more quickly than expected in January
Wholesale prices in the US rose more quickly than expected at the start of 2023.
British Gas owner Centrica posts record profit as energy bills soar
British Gas owner Centrica on Thursday reported record profits of £3. 3bn, driven by soaring wholesale gas prices in the wake of Russia’s invasion of Ukraine as Britons struggle with household energy bills.
Philly Fed index slumps further in February
Manufacturing sector activity in the US mid-Atlantic region worsened in February, the results of a closely followed survey revealed.
Atos shares surge as Airbus offers to buy stake in cyber business
Shares in French Atos surged on Thursday after aircraft maker Airbus offered to become a major investor in the IT firm’s soon-to-be spun-off division Evidian.
StanChart profits miss estimates but unveils $1bn buyback
Standard Chartered on Thursday announced a new $1bn share buyback as annual profits rose by almost a third on higher global interest rates, but still missed estimates after a sharp rise in bad debt provisions.
Moneysupermarket FY boosted by travel as Covid curbs eased
Price comparison website Moneysupermarket. com said annual earnings rose, driven by a strong performance in its travel unit as international Covid pandemic restrictions were lifted.
Barclays profits fall 14% on bad debt charges, over-issuance error
Barclays Bank said annual profits fell 14%, driven by poor performance at its investment unit, a rise in debt impairment provisions and the costs of a massive trading error in the US.
Nicola Sturgeon resigns as Scotland First Minister
Scotland’s first minister Nicola Sturgeon unexpectedly resigned on Wednesday, and admitted she had been wrestling with the decision "for weeks".
US CPI increases more quickly than expected in January
The cost of living in the US increased by more than expected at the start of 2023, as energy and shelter costs pushed up on headline and core inflation.
Air India to buy 470 Airbus, Boeing jets in massive order
Air India has placed a massive order for 470 Boeing and Airbus aircraft, reflecting the pace of growth in an increasingly affluent country that is also rebounding from the Covid pandemic.
TUI sees 'encouraging' summer bookings as Q1 losses narrow
Holiday operator TUI said summer bookings were up 20% and reported a narrowing of first-quarter losses as travel continued to rebound from the effects of the Covid pandemic.
Investor pessimism hits 12-month low in February, BofA says
The so-called 'pain trade' in risk assets was still up because investors around the world continued to exhibit caution, the results of BofA's monthly fund manager survey found.
OPEC nudges up 2023 global oil demand forecast
The Organisation of Petroleum Exporting Countries nudged up its global oil demand forecast for 2023 on the back of the improved outlook for the world economy.
Japan Q4 GDP rises by 0.6%, falls short of consensus
Japan's economy grew more slowly than expected at the end of 2022 amid restrained household spending and business investment.
Flutter considers US listing as FanDuel contribution grows
Gambling outfit Flutter Entertainment said it was considering a US listing and would starting consulting shareholders on the matter as its FanDuel operation grew in importance to the group.
Tullow Oil seeks arbitration over Ghana tax dispute
Tullow Oil has filed requests for arbitration with the International Chamber of Commerce in London over a $387m tax dispute with Ghana.
US consumer confidence edges higher in February, University of Michigan says
Americans grew a tad more confident towards the middle of February, the results of a very closely followed survey revealed.