Fidelity Top Stories
Dunelm raises FY profit forecast as fourth-quarter sales double
UK homewares retailer Dunelm said annual profits would be ahead of forecasts as fourth quarter sales more than doubled driven by pent-up demand after stores reopened from Covid lockdown.
Barratt lifts full-year forecasts on strong demand
Homebuilder Barratt on Wednesday lifted annual profit forecasts driven by strong demand.
SSP chief executive Simon Smith resigns
Travel food outlet operator SSP Group on Wednesday said chief executive Simon Smith has quit to join an unnamed private equity-backed business.
Wednesday preview: UK CPI, Ashmore Group in the spotlight
Financial markets' focus in the middle of the week will continue to be on inflation, but on this side of the Pond this time around.
Phoenix sells Ark Life to Irish Life for £197m
UK insurer Phoenix Group on Tuesday said it had sold its Dublin-based Ark Life Assurance unit to Irish Life for €230m (£197m) as it started to streamline its European operations.
Pfizer to discuss need for booster Covid-19 vaccine shot with US officials
Pfizer will on Monday discuss with US health officials the need for booster shots for its Covid-19 vaccine.
Thousands of Cubans rally in protest against government
Thousands of Cubans have joined the biggest protests in decades against the island's Communist government in response to the country's economic collapse and certain restrictions on civil liberties.
Admiral raises first-half profit outlook on lower motor injury calims
Insurance company Admiral raised its first-half profit forecast on Moinday as Covid-19 lockdowns resulted in fewer motor injury claims.
Tate & Lyle breaks up with $1.3bn sale of primary products business
Tate & Lyle on Monday said it had agreed to sell a controlling stake in its primary products business in North America and Latin America to private equity outfit KPS Capital Partners for $1. 3bn.
Fully vaccinated people do not yet require a booster vaccine shot, FDA and CDC say
People that are fully vaccinated with Pfizer's Covid-19 vaccine do not yet require a so-called 'booster', America's top drug and health officials said.
Pfizer says third vaccine dose likely boosts antibodies against Delta variant
A third dose of the Covid-19 vaccine developed by Pfizer and BioNTech will likely significantly boost antibody levels in patients against the so-called Delta variant of the virus.
ECB raises inflation target in major strategy revamp
The European Central Bank revised its inflation target higher on Thursday, in the largest revamp of its policy strategy since 2003.
Grafton lifts profit forecasts after strong first half
Building materials distributor Grafton on Thursday lifted annual profit forecasts after a better-than-expected first half drove an increase in revenues.
Persimmon hastens payout as H1 revenues rise
Housebuilder Persimmon is accelerating a capital return to shareholders as strong first-half trading generated increased revenue of £1. 84bn.
UK retail footfall continues recovering in June, Springboard says
Footfall across UK retail destinations improved markedly at the start of June before easing back after government announced that 'freedom day' would be postponed, the results of a closely-followed survey revealed.
Redrow sees 2022 revenues exceeding £2bn
Housebuilder Redrow said it expected 2022 revenues to exceed £2bn driven by the winding down of the stamp duty holiday and better-than-expected trade in its regional businesses.
Saudi, UAE spat unlikely to result in breakdown of OPEC+ discipline, Morgan Stanley says
OPEC+'s failure to reach an agreement on raising production two days before is unlikely to herald the start of a price war between its members, analysts at Morgan Stanley said - but there were medium-term risks.
Delta variant shows some resistance to Pfizer vaccine
The Pfizer vaccine is less effective against the spread of the Delta variant of Covid-19, revealed an Israeli study on Tuesday.
US services PMI slips by a bit more than expected in June
Activity in America's services sector slowed down a tad more quickly than anticipated last month, the results of a closely-followed survey revealed.
Daimler, Volvo, Traton form $593m truck charging joint venture
Daimler AG, Volvo AB and Traton SE plan a joint venture for a high-performance charging network for battery-electric trucks and coaches across Europe worth $593m.