Fidelity Top Stories
Cat Rock urges investor revolt against Just Eat Takeaway board
Just Eat Takeaway's largest independent shareholder urged investors to oust its chief financial officer and called for the supervisory board to be dismissed amid after claiming the company misled shareholders over its $7bn takeover of Grubhub.
Moscow announces unilateral ceasefire to evacuate civilians from Azovstal steel plant
Russian forces announced a unilateral ceasefire on Monday in order to allow for the evacuation of civilians from the besieged Azovstal steel plant in Mariupol, Ukraine.
Chilean agency recommends blocking Anglo American project extension
A Chilean environmental regulator has recommended denying an extension to Anglo American's Los Bronces copper project, the company said.
Twitter and Musk could strike a deal as early as coming week, WSJ says
Tesla boss Elon Musk appeared to be closer to winning over the board of Twitter with his announcement that he had lined up $46. 5bn or $54. 20 a share in financing to take over the influential social media outfit.
Homeserve shares surge on Brookfield bid talks
HomeServe shares surged on Friday after the repair services firm revealed it was in talks Canada's Brookfield Asset Management for a possible offer.
UK consumer confidence near historic low, GfK says
Britons' outlook for the economy sank to its lowest level since the Great Financial Crisis, the results of a closely-followed survey revealed.
Morgan Stanley raises Q3 2022 Brent oil price forecast to $130
Analysts at Morgan Stanley said that an array of headwinds meant that oil demand in 2022 would be lower than previously thought.
UK retail sales slump in March as inflation spirals
UK retail sales fell by more than expected in March as surging inflation hit demand for food and petrol, according to official data released on Friday.
US factory activity slows in April, Philly Fed says
Factory activity in the US mid-Atlantic region slowed in April amid faster price gains, the results of a closely-followed survey showed.
Ackman's Pershing Square sells Netflix stake
US hedge fund Pershing Square Capital Management has sold its stake in Netflix as the TV streaming service grapples with the fallout from plunging customer numbers.
Anglo American lowers production guidance after Q1 output falls 10%
Anglo American lowered annual production guidance after a 10% fall in first-quarter output, reflecting Covid-related staff shortages, high rainfall in South Africa and Brazil, and issues at its metallurgical coal and iron ore operations.
US FDA accepts GSK application for kidney disease drug
GlaxoSmithKline said the US Food and Drug Administration (FDA) had accepted its application for its chronic kidney disease drug daprodustat.
Spectris sells Omega Engineering for £400m, unveils £300m buyback
Precision instrument maker Spectris on Tuesday said it had sold its Omega Engineering unit to Arcline Investment Management for $525m (£403m), and unveiled a £300m share buyback.
Wizz Air sees better-than-expected Q4, higher summer bookings
East European low-cost carrier Wizz Air said it was expecting to ramp up capacity beyond pre-pandemic levels for its summer schedule as it forecast a better-than-expected final quarter.
Halma buys Canadian robot maker for £36m
Technology group Halma on Thursday said it had bought Canadian underwater robot maker Deep Trekker for CAN $60m (£36m).
PZ Cussons Q3 revenues rise as inflation to have 'limited' impact
Consumer goods group PZ Cussons said third quarter sales rose 8. 5% driven by its price-to-discount mix as it maintained volumes during the period.
EasyJet sees strong summer bookings after improved Q2
Low-cost airline easyJet reported improved trading in the second quarter after the removal of Covid travel restrictions, adding that summer bookings were tracking ahead of pre-pandemic 2019.
FRC to probe Deloitte over Go-Ahead audits
Britain’s accounting watchdog has started a probe into Deloitte over its auditing of troubled bus and rail operator Go-Ahead.
Diploma sees FY 'materially ahead' of expectations
Specialist seals and controls maker Diploma said full year results were expected to “materially exceed” expectations after a strong contribution from acquisitions.
Ascential mulling group break up
Information and data company Ascential on Monday confirmed it was considering a break-up of the group.