Fidelity Top Stories
Marshalls lifts FY guidance after strong Q4 drives revenue rise
Landscaping specialist Marshalls lifted full-year guidance on Tuesday after a strong final quarter of the last fiscal year which helped drive a 26% increase in annual revenue despite raw material and labour shortages.
Unilever says GSK consumer arm 'strategic fit', flags restructure
Unilever on Monday maintained it was still keen to buy GSK's consumer healthcare arm, calling it a "strong strategic fit", despite having its latest £50bn offer rejected as it also flagged a restructure of the group later this month.
NIESR forecasters to strike over below-inflation pay offer
Economic forecasters are set to stage a two-week walkout over, ironically, below-inflation pay offers.
Former Labour City minister Paul Myners dies at 73
Former Labour City minister Paul Myners, a key figure in helping the UK respond to the bank-induced 2008 financial crisis, has died at the age of 73, his family said on Monday.
Oxford Biomedica CEO John Dawson to step down
Oxford Biomedica chief executive John Dawson said he was stepping down after 13 years at the helm of the Gene and cell therapy firm which helped develop a Covid-19 vaccine with AstraZeneca.
Citi beats estimates for fourth quarter earnings and revenues, but shares slip
Citigroup posted better-than-expected fourth quarter earnings and revenues despite meagre top-line growth as its fixed income operations underperformed.
German GDP up 2.7% in 2021 but still below pre-Covid levels
Germany’s economy grew by 2. 7% in 2021 despite surging Covid-19 and new restrictions and supply chain constraints, according to preliminary official data released on Friday.
Currys lowers profits guidance as shortage of games tech hits Christmas
UK electricals retailer Currys lowered annual guidance as it reported a fall in sales over the peak Christmas period as a tough comparator year, uneven customer demand and supply disruption hit revenues.
US wholesale prices rise a tad less quickly than expected in December
Wholesale prices in the States increased less quickly than expected last month as food and energy prices slipped.
Marks & Spencer edges up annual profits guidance
UK food and clothing retailer Marks & Spencer said it now expected annual profits of at least £500m after strong Christmas sales driven by outperformance in its food range, but also warned of intensified inflationary pressure.
Tesco lifts annual guidance again, but inflation dampens outlook
UK supermarket chain Tesco on Thursday lifted annual profits guidance for the second time in four months after better-than-expected third quarter and Christmas sales but warned of inflation hitting operating costs.
Wood Group to sell environment unit as core earnings fall
Consulting and engineering company John Wood Group on Thursday reported a fall in core profit and said it was selling its built environment division after a review.
Aviva CFO leaves to join Persimmon
Aviva chief financial officer Jason Windsor has resigned to join house builder Persimmon, the company said on Thursday.
US CPI rises a tad more quickly than expected in December
The cost of living in the US increased a bit more quickly than expected last month.
Vistry sees FY profits in line with expectations
UK house builder Vistry Group said it expected full-year adjusted pre-tax profit to rise in line with guidance, after a strong increase in completed sales.
Sainsbury's lifts FY outlook despite fall in Xmas quarter sales
UK supermarket group Sainsbury's raised full-year profit forecasts despite a fall in underlying sales over Christmas.
Dunelm lifts annual profits guidance after strong Q2
UK homewares retailer Dunelm on Wednesday lifted annual profit guidance after a record performance in the 13 weeks to Christmas driven by online sales and higher margins.
Virgin Media O2 customers won't face roaming charges
Recently-merged Virgin Mobile and O2 on Monday said their mobile phone customers would not face European Union roaming charges after rivals broke pledges and reintroduced them after Brexit.
Wilko could axe 15 stores as talks start on leases
UK retailer Wilko could close up to 15 stores this year as it opens up talks with landlords over “outdated lease arrangements”, the company said on Monday.
Eurozone unemployment falls again in November
Eurozone unemployment fell again in November as the single currency region continued to claw its way back from the impact of the Covid-19 pandemic.