Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks IPOs and placings
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
London pre-open: Stocks seen up as China eases Covid curbs further
(Sharecast News) - London stocks were set to rise at the open on Wednesday after China announced a further loosening of its Covid restrictions. The FTSE 100 was called to open 43 points higher at 7,564.
Danske Bank said: "The Chinese health authorities this morning announced that they will allow the use of home quarantine for some Covid patients and scrap test requirements for most public venues. In all, 10 new measures were introduced immediately.
"This is the second round of easing of Covid restrictions in China. When the first easing was introduced in November it spurred a strong rally in Chinese equities. Hang Seng is up 1.2% this morning as most other markets are in red."
Investors will also be mulling the latest trade data out of China, which showed that exports shrank year-on-year in November by the most since the start of the pandemic, while imports declined at the fastest pace in 30 months.
In corporate news, interim profits at greetings card maker Moonpig halved as it warned that trading conditions had become progressively more challenging through October and November.
The company reported pre-tax profits of £9.1m, down 51.3% and said that "given the continued macroeconomic uncertainty", it now expects revenue for the full year to be approximately £320 million.
Elsewhere, Games Workshop announced the appointment of a new non-executive chairman as it said trading since the last update in September has been in line with expectations.
The company, which makes miniature wargames, has appointed John Brewis as non-exec chair with effect from 1 January 2023.
It also said that its estimate of the results for the six months to 27 November, at actual exchange rates, is core revenue of not less than £210m, up from £191.5m in 2021, and licensing revenue of around £14m, down from £20.1m.
Pre-tax profit for the period is estimated at not less than £83m, compared to £88.2m in the same period a year earlier.
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity and Inclusion | Doing Business with Fidelity | Fidelity gender pay report | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Security | Statutory and Regulatory disclosures | Whistleblowing policy
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.