Fidelity Top Stories
WH Smith sees return to profit in 2022 as travel recovers
WH Smith said it was set for a return to meaningful profit next year as it narrowed annual losses as the travel sector opened up from Covid-19 restrictions.
US CPI jumps past forecasts in October with 'more to come'
The cost of living in the US rose more quickly than expected in October on the back of further spikes in energy and food prices.
ITV sees record advertising revenue as economy rebounds
UK broadcaster ITV said it expected advertising revenue to hit new records this year, as the economy opened up after the impact of the Covid pandemic.
Core producer prices in the US rise a tad less quickly than expected in October
Wholesale prices in the US rose a tad less quickly than expected last month and price pressures were easing in some chapters "at the margin", some economists said.
AB Foods sees 'significant progress' but warns on rising costs; Pays special divi
Primark owner Associated British foods said it expected “significant progress” in the current year as it reported a rise in annual profits but warned that food prices may have to rise due to increasing costs.
Vistry 'on track' to hit profit target
Vistry Group said it was "firmly" on track to hit full-year profit targets as demand for new homes remained strong.
Persimmon on track for 10% completions growth this year
Housebuilder Persimmon said it was on track to grow new home completions by 10% this year and targeted a return to pre-pandemic trading levels by 2022.
UK/US flights resume with Virgin, BA jets in synchronised takeoff
The first leisure flights from London to the US since the start of the Covid-19 pandemic took off from Heathrow on Monday morning after President Joe Biden reopened American borders to travellers.
BAE holds guidance, sees benefits from AUKUS submarines deal
UK defence contractor BAE Systems maintained guidance for annual earnings growth and said the recent controversial pact agreed between Britain, Australia and US could be beneficial.
JD Sports CEO hits back over car park meeting with Footasylum boss
JD Sports Fashion on Monday hit back at reports over a meeting between the retailer’s boss Peter Cowgill and Footasylum chief Barry Brown in an industrial estate car park, leading to claims they may have broken UK takeover rules.
US non-farm payrolls beat forecasts in October
US jobs growth and unemployment numbers for October both came in a bit better-than-expected, alongside big revisions to prior month´s data.
Pfizer oral treatment against Covid-19 show 89% efficacy in preventing hospitalisations
Pfizer's new oral treatment against Covid-19 was found to significantly reduce the risk of hospitalisation or death.
IAG sees FY loss of €3bn, pins hopes on US reopening
British Airways owner IAG narrowed third quarter losses as more people started to travel with the lifting of Covid restrictions but warned of a €3bn annual loss.
MPC votes 7-2 to keep rates on hold
The Monetary Policy Committee stood pat on policy with fewer of its members calling for an interest rate hike than had been expected.
Currys in £75m share buyback as sales soar past 2019 levels
Electrical retailer Currys on Thursday announced a £75m share buyback as group organic sales jumped 15% from pre-pandemic 2019 levels on the back of continued demand for products such as laptops and video games during lockdowns.
BT profits fall, confirms 2021/22 outlook as it accelerates savings target
BT Group on Thursday reported a fall in interim profits due to higher finance costs as it reaffirmed its outlook for this year and next while also bringing forward its cost-savings target.
Wizz Air returns to profit as Covid curbs lifted
East Europe-focused budget airline Wizz Air swung to a first-half profit as the easing of pandemic restrictions helped its second quarter performance.
UK retailers benefit from half term boost
Retail footfall picked up last month, industry data showed on Thursday, boosted by the October half term holiday.
US services expand at a record pace in October, ISM says
Activity in America's services sector expanded at a record pace last month even as businesses ran into capacity constraints at an increased pace, the results of a closely-followed survey revealed.
Next Q3 sales up 17% but warns on 'diminishing' demand
Fashion retailer Next reported a 17% rise in full-price sales during the third quarter compared to pre-pandemic levels but warned that momentum would slow in the final three months due to diminishing pent-up demand and supply-chain constraints.