Fidelity Top Stories
Smurfit Kappa buys Peru's Cartones del Pacifico
Packaging group Smurfit Kappa said it had bought Cartones del Pacifico in Peru for an undisclosed sum.
B&M European Value Retail warns on lower UK revenues as profits soar
B&M European Value Retail warned 2022 UK revenues would be lower against tough comparatives as it reported better than expected annual profits driven by soaring sales during the Covid-19 pandemic.
Trans-Pacific trade deal members agree for UK to join pact
Member nations of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership on Wednesday officially agreed to allow the UK to start the joining process.
US labour market weaker than some indicators show, San Francisco Fed says
The state of the US labour market is worse than it might appear so policymakers should focus more on signals of weakness.
Britons not yet confident enough in April to splurge, lending data reveal
Net mortgage borrowing and consumer credit growth both undershot economists' forecasts in April, although mortgage approvals for home purchases continued at a "relatively strong" pace.
Wizz Air sees more losses if Covid curbs not lifted for good
Budget carrier Wizz Air warned it would continue to lose money next year unless Covid travel restrictions were lifted permanently as it reported a €576m net loss for the year due to plunging revenue and passenger numbers.
Pro-Brexit Wetherspoon boss wants liberal migration to fill jobs gap
Outspoken hard-Brexit fan and Wetherspoons boss Tim Martin has called for a more “liberal” immigration policy – because he can’t find enough staff to work in his pubs.
UK should broaden G7 targets on long-term unemployment, gender and race
Civil society groups have called on the UK government to have more ambitious targets on tackling long-term unemployment and closing the gap of inequality in gender and race ahead of the G7 summit in Cornwall next week.
Brent futures hit two-year high ahead of OPEC+ meeting
Oil prices hit a roughly two-year high on expectations that the reopening of advanced economies would run down the inventories that had piled up during the pandemic.
UK govt reportedly mulling plan to sell Channel 4
UK ministers are exploring a sale of Channel 4 amid a surge in dealmaking in the entertainment industry, the Times newspaper reported Tuesday citing unnamed sources.
Euro area manufacturing accelerates further in May as Italy and Spain pick up pace
Eurozone factory activity accelerated slightly further last month as growth in manufacturing in Italy and Spain picked up, according to the results of closely-followed surveys.
JD Sports denies plans for CEO succesion
JD Sports denied that it was searching for a successor to chief executive and chairman Peter Cowgill after reports on the weekend that investors were unhappy with his dual role.