Fidelity Top Stories
Air France-KLM prices capital raise at €4.84 a share
Air France-KLM on Tuesday started a capital raising as part of a €4bn recapitalisation to bolster its finances against the impact of the coronavirus pandemic.
JD Sports misses estimates but forecasts higher profits this year
JD Sports Fashion missed annual profits expectations, despite more people buying sports and casualwear during the pandemic lockdown, as it reinstated dividend payments and forecast higher earnings for the current year.
Plus500 Q1 profits plunge on tough comparatives
Online trading platform Plus500 reported sharp falls in first quarter profits and revenues against strong comparatives a year ago driven by Covid pandemic volatility.
German Q1 GDP hit by VAT tax hike, Covid-19 restrictions
Germany's economy fell back into contraction at the start of 2021, weighed down by the hit to construction and services from a value-added tax hike in January.
Ripple boss says US needs regulatory clarity on cryptocurrency
Ripple chief executive officer Brad Garlinghouse said there is a lack of clarity in US regulations on cryptocurrencies.
Barclays profits more than double as impairments plunge
UK bank Barclays on Friday said first quarter profits had more than doubled, but cautioned that its outlook remained uncertain due to the Coviud-19 pandemic.
Darktrace shares soar above 250p IPO price on debut
Shares in UK cybersecurity company Darktrace soared on debut, gaining 40% to 350p each after their sale in an initial public offering valuing the firm at £1. 7bn.
UK house prices rise most since 2004 in April, Nationwide says
House prices are surging back in the UK and the pace is set to pick up further in coming months, the results of a closely-followed survey revealed.
China PMIs mixed amid supply bottlenecks, point to slower activity
Readings for the two key Chinese manufacturing sector surveys were mixed in April, but all in all economists said the results chimed with expectations that activity would cool down as global consumption patterns returned to something nearer to normal.
US Q1 GDP roars ahead, 'double digit' growth seen in Q2
America's economy roared ahead at the start of 2021, bolstered by the pandemic relief bills approved in December and March.
Moderna announces increase in Covid-19 vaccine supply to 3.0bn doses for 2022
Pharmaceutical company Moderna announced on Thursday additional investments to increase its annual production capacity of Covid-19 vaccines to 3. 0bn doses in 2022.
Shell lifts dividend 4% as Q1 profits soar
Oil and gas giant Shell reported higher first quarter earnings and lifted its dividend on the back of higher oil and liquefied natural gas prices.
St. James's Place enjoys 'exceptional' start to the year
St. James Place experienced an "exceptional" start to the year as investors piled their accumulated savings into longer-term investments.
FOMC says inflation largely 'transitory', some parts of markets 'frothy'
Policymakers at the Federal Reserve acknowledged the strengthening economy but continued to emphasise that risks to the outlook remained.
Alphabet profits rocket on lockdown boom
Google-owner Alphabet has reported a surge in quarterly profits, after the Covid-19 pandemic powered demand for online services.
Dixons Carphone to repay furlough money as online sales soar
British retailer Dixons Carphone said it was repaying £73m in government furlough money after online sales of electrical goods more than doubled in the year to April 25 offsetting the impact of store closures during the Covid lockdowns.
Lloyds Q1 profits rise as CEO Horta-Osorio departs
Britain’s Lloyds Bank reported better than expected first quarter profits after releasing £459m set aside for potential Covid-related bad loans, reflecting an improved economic outlook, in the last set of results for outgoing chief executive António Horta-Osório.
Grafton lifts guidance as revenues rise in March, April
UK and Ireland builders merchant and DIY retailer Grafton Group raised full year profit forecasts after better-than-expected revenues during March and April.
Tesla posts record net income of $438m in Q1
Tesla beat analysts' expectations on both its top and bottom line for the first quarter, but investors frowned on the repeated contribution from the sale of regulatory credits and this time around from Bitcoin as well.
BP to resume buybacks after Q1 profits beat expectations
British energy company BP on Tuesday reported better-than-expected first quarter profits on the back of higher oil prices as it hit its debt reduction target early and said it would resume share buybacks in the second quarter.