Fidelity Top Stories
Americans splash out in June but price growth ebbs
Americans took out from their savings again to finance increased spending at the end of the second quarter.
U.S. labour costs ebb in second quarter
The cost of labour in the States ebbed during the second quarter.
U.S. consumer confidence jumps in July, price expectations little changed
The American consumer grew more confident in July, the results of a closely followed survey revealed.
Standard Chartered unveils $1bn buyback as first-half profit beats estimates
Standard Chartered lifted annual guidance and launched a $1bn share buyback after first-half profits rose 20% on the back of soaring interest rates.
NatWest H1 profits beat expectations as Rose row rumbles on
UK bank NatWest on Friday reported better-than-expected interim profits only days after it was rocked by the resignation of chief executive Alison Rose over leaking of details of hard-right former political party leader Nigel Farage.
Weekly US jobless claims slip lower by surprise
The U. S. jobs market tightened slightly during the previous week, contrary to expectations.
ECB says inflation still set to remain too high for too long
The European Central Bank raised interest rates as expected, but judged that inflation was still set to remain too high for too long.
Shell profits fall as oil, gas prices decline
Shell on Thursday posted a sharp fall in second-quarter profits as oil and gas prices declined a year after Russia’s unprovoked invasion of Ukraine sparked a surge in the cost of energy.
US GDP grows 2.4% in second quarter, slightly ahead of forecasts
America's economy expanded a bit more quickly than anticipated over the second quarter.
Barclays H1 profits surge to £4.5bn but bad loan charges rise
Barclays became the second bank to post surging profits on the back of higher interest rates and lift its provisions for bad loans.
Federal Reserve hikes rates, leaves door open to more tightening
The Federal Reserve hiked interest rates as expected on Wednesday and left the door open to further tightening if needed.
Europe close: Stocks slip ahead of Fed, LVMH drop hits Cac-40
European shares ended on a mixed note on Wednesday as investor focus turned to the start of the US Federal Reserve’s two-day policy meeting for any clues on the future path of interest rates and also digested another deluge of earnings.
Lloyds Bank interim profits surge, but but debt provisions surprise market
Lloyds Bank on Wednesday reported another surge in earnings, although slightly below expectations, and set aside more cash for bad loans amid pressure to provide hard pressed savers better returns.
Unilever H1 profits up 3.3%, sees price growth moderating
Consumer goods giant Unilever delivered a 3. 3% rise in interim earnings driven by higher prices and said it expected underlying price growth to moderate through the year.
Reach profits fall as Facebook relegates news content
UK newspaper publisher Reach reported a 23. 5% fall in half-year operating profit as it was hit by Facebook’s decision to relegate news content.
Ryanair Q1 profits soar, but cautious on winter demand
Low-cost airline Ryanair reported a better-than-expected rise in first-quarter profit, boosted by strong Easter sales, but was cautious about demand over the coming months due to aircraft delivery delays from Boeing and price-conscious passengers.
Ocado to get £200m from AutoStore in patent row settlement
UK online supermarket Ocado has won a £200m settlement from Norwegian company AutoStore after a three-year legal battle over ‘robot' patents.
Vodafone Q1 revenue rises, appoints new CFO
Telecoms giant Vodafone said first-quarter group service revenue rose 3. 7%, helped by its UK operations.
UK economic growth nearly stalls in July, PMIs show
Activity levels in the UK's manufacturing and services sectors slowed sharply in July, closely followed survey results showed.
UK consumer confidence slumps - GfK
Consumer confidence slumped in July, a closely-watched survey showed on Friday, as higher interest rates and prices hit home.