Fidelity Top Stories
Former Citi economist Catherine Mann appointed to MPC
Former Citibank economist Catherine Mann has been appointed to the Bank of England’s rate-setting committee, Chancellor Rishi Sunak confirmed on Tuesday.
Melrose to return £730m; Sees trading in line with expectations
Turnaround specialist Melrose Industries said it was planning to return £730m to as it revealed trading was in line with expectations with signs a recovery was in sight for its aerospace unit.
National Express says trading 'slightly ahead' of expectations
National Express on Tuesday said current trading was slightly ahead of expectations as it further expanded European operations with the €13m acquisition of Spanish urban bus operator Transportes Rober.
JP Morgan still 'very bullish' on earnings outlook
Equity strategists at JP Morgan stood by their forecasts for exceedingly fast growth in European companies' earnings per share, adding that the recent flattening seen in the government bond curves might end up being "materially premature".
Prospects for England reopening on 19 July 'looking good', PM says
The prospects for England being able to lift nearly all Covid-19 restrictions in mid-July were looking good, although hassles and delays to international travel might continue, the Prime Minister said.
Morrisons rejects £5.5bn bid from US private equity firm; Shares surge 30%
Shares in UK supermarket chain Morrisons surged by more than 30% on Monday after the firm said it had rejected an unsolicited £5. 5bn bid over the weekend from the US private equity firm Clayton, Dubilier & Rice.
Capita sees revenue growth; Sells Axelos stake for £183m
UK outsourcer and government contractor Capita on Monday said it was on track to post revenue growth for the first time in six years as trading in the first half of 2021 improved.
Tesco Q1 group sales slow as Covid restrictions ease
UK supermarket group Tesco reported a small rise in first quarter like-for-like sales, reflecting the lifting of Covid restrictions as more people started to eat out again.
Ryanair sues UK government over travel restrictions
Ryanair has teamed up with Manchester Airports Group to bring legal action against the UK government over its “traffic light” system for Covid-19 restrictions.
Trainline Q1 sales soar as train travel starts to recover
Trainline on Thursday reported a 324% increase in first-quarter net ticket sales as train travel started to recover from Covid-19 lockdowns.
Stocks slip as Fed raises projections for rate hikes in 2022 and 2023
Central bankers in the US nudged up their individual projections for short-term interest rates in 2022 and 2023 at their two-day policy meeting, although they didn't actually discuss potential dates for the so-called 'lift-off' in rates.
House prices ease for first time in nearly a year - ONS
House prices eased in April, official data showed on Wednesday, ending eleven consecutive months of rises.
Oxfords Instruments to buy Germany's WITec for up to €45m
Scientific equipment maker Oxford Instruments said it had bought Germany’s Wissenschaftliche Instrumente und Technologie (WITec) for up to €42m.
Australia, UK agree free trade deal with cap on tariff-free imports
Australia and the UK have agreed a largely symbolic trade agreement in principle, despite concerns from British farmers about cheap meat imports flooding the domestic market.
Rishi Sunak rejects business demands for furlough scheme extension
Chancellor Rishi Sunak rejected calls from businesses demanding an extension of the furlough scheme and business rates relief.
AstraZeneca antibody fails to prevent Covid in exposed patients
AstraZeneca said a study of its monoclonal antibody treatment, AZD7442, did not meet the main goal of preventing symptomatic Covid-19 in people exposed to the coronavirus in the past eight days.
Bellway order book up 20% as buyers seek bigger homes
Bellway reported strong demand for new homes in the second half of its financial year as buyers looked for larger properties with home-working space.
Reopening of UK economy to be delayed for four weeks
The full reopening of Britain's economy has been postponed for at least four weeks due to the spread of the so-called Delta variant of Covid-19 first detected in India.
Shell reportedly mulling sale of US shale assets
Oil giant Royal Dutch Shell is reportedly considering offloading some or all of its Texas shale assets as it faces mounting pressure to producer greener energy.
Heathrow passenger traffic 90% below pandemic levels
Heathrow passenger numbers are languishing at 90% below pre-pandemic levels, Britain’s biggest airport said on Friday as managers fired a broadside at government ministers over the so-called “green” travel list.