Fidelity Top Stories
BAT revenues up as vaping product sales soar
British American Tobacco on Wednesday reported higher revenues driven by more people using its vaping products.
IMF calls for rapid action to increase access to Covid-19 vaccines
The International Monetary Fund's chief economist called on world governments to improve low-and-middle income countries' access to vaccines in order to avoid downside risks.
FirstGroup CEO steps down after pressure from Coast Capital
FirstGroup chief executive Matthew Gregory has decided to step down after pressure from major shareholder Coast Capital as the company swung to a full-year profit.
Moonpig profits, revenue double as Covid lockdowns benefit
UK online greeting card company Moonpig doubled revenue and profits in its maiden results as a listed company but warned of a fall in sales in the coming months as Covid restrictions were eased.
No breakthrough at latest US-China talks
Talks between top Chinese and US diplomats on Sunday and Monday reportedly ended in stalemate as China refused to budge on multiple foreign policy issues.
Starling Bank buys Fleet Mortgages in £50m deal
UK online bank Starling said it has bought specialist buy-to-let mortgage lender Fleet Mortgages in a £50m cash and share deal.
BoE's Vlieghe pushes back on calls for slowing monetary stimulus
A top Bank of England official pushed back on calls for the monetary authority to dial back on stimulus, arguing that inflationary pressures in the UK were transitory, while the pandemic remained a threat.
Government looking at ways to exclude CGN from UK energy projects
The UK government is looking at ways to exclude China's state-owned China General Nuclear Corp. from all future power projects in the country.
Chinese crackdown on US-listed stocks signals start of 'Cold War', Roach says
Beijing's moves against US-listed Chinese firms may be signalling the start of a 'cold war' between the two countries, a well-considered expert said.
Cranswick Q1 revenues rise on strong demand
UK food producer Cranswick on Monday reported a rise in first quarter driven by strong retail demand and increased poultry sales.
Ultra Electronics 'minded' to recommend £2.58bn Cobham offer
UK defence company Ultra Electronics on Friday said it was minded to recommend a £2. 58bn takeover bid from Cobham to shareholders.
Vodafone Q1 revenues rise as Europe, Africa return to growth
Telecoms operator Vodafone reported a better-than-expected rise in first quarter revenue as European and African services returned to growth.
Euro zone July business activity soars but Delta worries hit confidence
Euro zone business activity in July expanded at its fastest monthly pace in more than 20 years as services were boosted by an easing of Covid curbs, although fears of another wave of infections hit confidence, according to a survey released Friday.
EasyJet plans to fly 60% of pre-Covid capacity as cash burn cut
Budget airline easyJet on Tuesday said it expected to fly 60% of its pre-pandemic capacity in the fourth quarter as Covid restrictions eased across Europe.
ECB tweaks guidance, rates may now stay lower for longer
Policymakers at the European Central Bank will keep its interest rates at their current low level until it sees inflation returning to its new target level "well ahead" of its projection horizon and in a "durable manner".
Britvic Q3 revenues rise as Covid curbs ease
UK soft-drinks maker Britvic reported a rise in third quarter revenues driven by the easing of Covid restrictions and strong “at home” sales.
Unilever Q2 sales beat estimates, but costs bite into margins
Consumer goods conglomerate Unilever reported higher-than-expected underlying sales growth for the second quarter but cut full-year operating margin forecasts due to rising costs.
FirstGroup increases shareholder payout to £500m from US sale
UK transport operator FirstGroup on Thursday said it was increasing shareholder returns by £135m after completing the sale of its US bus assets to private equity firm EQT Infrastructure.
Europe open: Stocks continue rally on corporate earnings
European shares opened higher on Thursday, driven by strong corporate earnings and optimism over economic recovery from the Covid pandemic.
Centrica profits flat as Covid, strikes offset higher prices
Energy supplier Centrica reported flat first-half operating profits as higher commodity prices and stronger demand offset by the impact of Covid-19 and industrial action.