Fidelity Top Stories
TUI cancels Manchester flights as travel chaos worsens for Britons
Holiday company TUI said it was cancelling more than 180 flights from Manchester airport over the next month as the travel chaos plaguing Britain continued.
B&M Value Retail warns on profits as cost-of-living crisis hits margins
B&M Value Retail on Tuesday warned of a hit to profits as Britain’s cost-of-living crisis hit household budgets and announced chief financial officer Alex Russo as a replacement for chief executive Simon Arora.
Unilever shares soar as activist investor Peltz joins board
Unilever shares surged on Tuesday the diversified consumer goods company said billionaire activist investor Nelson Peltz would be joining its board.
Countryside rejects £1.47bn takeover proposal from In-Cap
Countryside Partnerships confirmed on Monday that it had rejected a £1. 47bn takeover proposal from US investment firm Inclusive Capital as it "materially undervalued" the business and its prospects.
German CPI jumps past forecasts in May on food and energy
The cost-of-living in Germany jumped past forecasts last month as food price gains continued to accelerate and energy costs picked up once more.
EU may have reached agreement on partial Russian oil embargo 'in principle'
European Union leaders have reached an agreement on a partial embargo on imports Russian oil, although the deal is not expected to be finalised until in a few weeks' time, possibly in June.
Ukrainian President extends olive branch to Moscow
Ukraine's President held out an olive branch to the Kremlin, even as he sounded a downbeat note on the likelihood that Moscow would take it.
US trade deficit shrinks rapidly in April as inventory rebuilding slows
America's shortfall on trade with the rest of the world fell sharply last month as imports declined.
PCE inflation dips as expected in April, steady growth in incomes and spending
A key measure of inflation in the US dipped last month, even as personal incomes and spending continued growing at a steady clip.
Petrofac shares slip as E&C unit tipped for small loss this year
Shares in Petrofac slipped on Thursday after the company said its engineering & construction operation would report a small loss this year.
Johnson Matthey says China, Ukraine hitting outlook; Sells battery business
Sustainable technologies firm Johnson Matthey said it expected current operating performance to be in the lower half of forecasts, as its customers were impacted by Covid lockdowns in China and the Ukraine war, and also announced the sale of its batteries business.
Auto Trader profits soar on increased demand
Digital car sales platform Auto Trader almost doubled annual profits as more customers spent online making purchases.
US economic growth slows more than expected in May, PMIs show
Economic activity in the US slowed by more than expected in May, amid heightened price pressures, slowing supplier deliveries and softer demand, the results of two closely-followed surveys revealed.
Euro area PMIs miss forecasts in May, but economy resilient
Euro area economic growth was resilient in May despite being buffeted by multiple headwinds, the results of three closely-followed surveys revealed.
ECB won´t be rushed on raising rates, Lagarde says
The European Central Bank does not need to rush interest rate hikes because inflationary pressures were coming from the so-called supply side of the economy, Christine Lagarde said.
Restaurant Group lifts guidance on inflation, sees robust trading so far
Wagamama owner Restaurant Group on Tuesday lifted guidance on food and drink inflation, citing the war in Ukraine.
SSP swings to profit but warns of inflationary pressures in H2
Upper Crust owner SSP Group on Tuesday swung to an interim core profit as the travel sector rebounded from Covid restrictions but warned inflationary pressures would increase in the second half.
Euro area interest rates may no longer be negative by end of September, ECB's Lagarde says
Interest rates in the single currency area may well be out of negative territory by the end of September, the head of the European Central Bank said.
Kingfisher holds guidance after Q1 sales fall, but says demand continuing
B&Q owner Kingfisher reiterated annual guidance as it reported a fall in first-quarter sales and announced a £300m share buyback.
Bank of England chief economist sees further rate hikes ahead
The price of money is headed higher still and the risks are that even further rate rises might be needed, the Bank of England's chief economist said.