Fidelity Top Stories
UK borrowing up but gives Hunt room for tax policy changes
UK public borrowing came in less than expected in the first seven months of the financial year, according to official data published on Tuesday, a day ahead of finance minister Jeremy Hunt's autumn budget.
Ashtead shares slump as FY profit, revenue outlook cut on weak US
Shares in Ashtead slumped on Monday as the industrial equipment company lowered full year revenue and profit forecasts after a quieter hurricane season and the writers’ and actors’ strike in the US and revealed it would take a $2bn depreciation charge.
German October PPI falls 11% year-on-year
German producer prices fell 11% on an annual basis and in line with expectations in October, the federal statistics office Destatis said on Monday.
PBOC keeps LPR unchanged
China’s commercial lenders left benchmark lending rates unchanged on Monday, in line with expectations.
US CPI undershoots forecasts in October
The cost of living in the U. S. fell back in October by more than expected.
M&S cautious on H2 despite 52% jump in interim profit; Divi restored
UK retailer Marks & Spencer on Wednesday reinstated its dividend and delivered a 56. 2% rise in first-half profits, but warned sounded a note of caution about future trade in the run in to Christmas citing higher interest rates, weather and geopolitical events.