Manufacturing Industry
FIDELITY EUROPEAN VALUES PLC - Final Results.
PR Newswire UK Disclose, February, 2008
FIDELITY EUROPEAN VALUES PLC
Preliminary Announcement of Results
For the year ended 31 December 2007
I have pleasure in presenting the annual report of Fidelity European Values PLC
for the year ended 31 December 2007.
PERFORMANCE
Continental European equities delivered another year of strong returns during
2007, as takeover activity and generally strong corporate results pushed
markets higher. Positive economic indicators, including strong domestic demand
and falling unemployment, continued to support the markets despite prevailing
inflationary pressures. However, the period will doubtless be remembered for
the credit crunch, the result of high default rates in the risky US sub-prime
mortgage market. Towards the end of the year, there was evidence of a...
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