Fidelity Top Stories
Apple faces extra EU charge in music streaming probe - report
US tech giant Apple faces an additional EU antitrust charge in the coming weeks in an investigation triggered by a complaint from Spotify, according to a media report on Monday.
SocGen shares spike as it exits Russia with Rosbank sale
Shares in Societe Generale spiked on Monday after the French banking giant agreed to sell its stake in Russia’s Rosbank and its insurance subsidiaries to Interros Capital as a result of Western sanctions on Moscow.
Unite Group Q1 valuation up, warns of cost inflation headwinds
UK student accommodation group Unite on Friday reported a rise in first- quarter portfolio valuation, but warned of cost inflation and supply chain headwinds to its medium-term development pipeline.
Johnson Matthey sees FY in line amid supply chain, inflation issues
Sustainable technology company Johnson Matthey said it expected annual results to be in line with market expectations, but warned of continued supply chain disruption for its automotive customers and increased cost inflation.
Entain Q1 revenues up 31% as punters return to shops
Gambling group Entain said first-quarter revenues rose by a third after a strong performance from its retail shops as Covid lockdown curbs were eased.
888, Caesars agree cut in deal price for William Hill intl assets
Gambling firms 888 Holdings and Caesars Entertainment have agreed a cut in the deal value of William Hill’s international assets due to tougher economic and regulatory conditions.
Shell sees $5bn write off after Russia exit as oil earnings spike
Energy giant Shell on Thursday said it expected to book up to $5bn in post-tax write offs after its decision to exit Russia, adding that oil & gas earnings would be “significantly higher” on the back of surging prices.
BoA raises 2022-23 UK CPI forecasts, expects four hikes in Bank Rate
Economists at Bank of America raised their short-term inflation forecasts for the UK, predicting that Bank would hike short-term interest rates four more times as it tried to navigate both the risk of a recession and of too-high inflation.
Avon Protection warns on profits as Ukraine war lifts order enquiries
Body armour and helmet maker Avon Protection said it had seen a rise in enquiries as a result of the Russian invasion of Ukraine as it warned that annual underlying earnings would be lower than expected.
Homeserve sees FY trading in line
Home repairs service Homeserve, currently in the sights of Canada’s Brookfield Asset Management, said it had traded in line with expectations during its fiscal year with steady policy retention rates in the UK and US.
LME faces probe by UK regulators over nickel trade suspension
The London Metal Exchange’s (LME) handling of a nickel trading suspension during chaotic trading last month after Russia’s invasion of Ukraine is being probed by UK regulators.
EZ heading for recession as morale slumps - Sentix survey
Investor sentiment in the eurozone has fallen to its lowest level in almost two years, according to a survey released on Monday, with inflation and the Ukraine war indicating the start of a recession in the second quarter of the 2022.
EU tables plan allowing Ukrainians to convert hryvnia to euros
The European Commission has tabled proposals that would allow refugees from Ukraine to convert their hryvnia currency into euros.
Criminal proceedings launched against P&O over sackings
Criminal and civil investigations have been launched into the decision by P&O Ferries to sack nearly 800 workers without notice, the Insolvency Service said on Friday.
Camelot launches UK legal challenge over lottery licence loss
UK national lottery operator Camelot on Friday said it start a High Court challenge to the Gambling Commission’s decision to give the draw to a rival.