Fidelity Top Stories
Playtech says TTB talks still ongoing after 15 weeks
Gambling firm Playtech said talks with TTB Partner were still ongoing and “progress continues to be made” but added that it was “conscious that TTB has been considering a possible offer for Playtech for 15 weeks”.
Royal Mail sees £350m in costs cuts as it faces inflation headwinds
UK letter and parcel carrier Royal Mail warned of price increases and £350m in cost cuts to combat soaring inflation after reporting a rise in full-year profits, although short of expectations.
EasyJet sees Q3 bookings at 90% of pre-Covid levels as losses narrow
Budget airline easyJet said it expected third-quarter capacity to be 90% of pre-pandemic levels as it narrowed half-year loses.
Turquoise Hill gets debt funding from Rio Tinto as it evaluates bid
Canada's Turquoise Hill Resources said Rio Tinto will provide it with interim debt funding of up to $400m while it assesses the Anglo-Australian mining giant’s $2. 7bn bid for the company.
Investec annual EPS hits top end of guidance
South African lender Investec almost doubled annual profits, driven by loan growth and a rise in funds under management.
ECB's Rehn, De Cos show support for interest rate hikes
Two more of the European Central Bank's top policymakers added their voices to those showing support for interest rate hikes and more than one at that.
Euro area CPI unchanged in April
The cost of living in the euro area was unchanged last month, contrary to a preliminary estimate.
De Beers diamond sales shine on US demand
Anglo American’s De Beers diamond unit reported a rise in fourth-cycle sales, boosted by consumer demand in the US.
Burberry says outlook depends on China recovery from Covid lockdowns
UK luxury retailer Burberry on Wednesday said its full-year outlook hinged on how fast China bounced back from Covid-19 lockdowns, as 2022 fiscal-year profits and revenues rose.
Future sees 'modest' rise in FY guidance as interim profits rise
Specialist media publisher Future reported a rise in first-half profits on Wednesday, driven by revenue growth and contributions from acquisitions and forecast a “modest” rise in annual guidance.
Vodafone warns on inflation as FY profits rise
Mobile telecoms group Vodafone on Tuesday posted a 5% rise in annual profits as its German operations performed strongly, but warned that inflation was likely to hit current-year figures.
Imperial Brands H1 profits down, sales flat
Imperial Brands reported lower operating profit after accounting for its exit from Russia in response to the invasion of Ukraine.
Chinese economy slows sharply in April as Covid-19 restrictions bite
China's economy slowed much more sharply than anticipated last month as Covid-19 mobility restrictions hampered growth, piling the pressure on policymakers in Beijing - right up to the top according to some accounts.
Greggs warns of increasing cost pressures
UK baker Greggs warned of increasing cost pressures and reported a rise in first-quarter sales which were “flattered” by comparison with restricted trading conditions in pandemic-restricted 2021.
US consumer confidence falls further amid high petrol prices, rout in stock market
Americans' confidence in the economy and their finances fell further in the beginning of May, the results of a closely-followed survey revealed.
BoA sees some 'good news' for those expecting a 'bear bounce' over next few weeks
Strategists at Bank of America saw signs of "good news" amid the carnage in crypto and in speculative technology for those investors holding out for a "bear bounce" during the following weeks.
Two more ECB rate-setters flag support for July rate hike
Two more top policymakers at the European Central Bank said they favoured starting to hike interest rates as soon as July.
Top BoE official says rates may need to be raised by more than expected
The Bank of England may need to hike official interest rates by more than what financial markets are currently pricing in, one of the central bank's top officials said.
BT finalises sports JV with Warner Bros as FY profits rise 2%
UK telecoms and broadcasting group BT on Thursday confirmed it was moving its sports TV division into a 50-50 joint venture with Warner Bros Discovery as it also reported a small rise in adjusted annual core earnings.
UK's Johnson refuses to rule out windfall tax, but says 'I don't like them'
UK Prime Minister Boris Johnson insisted on Thursday that he was still opposed to a windfall tax on energy companies, but refused to rule the possibility of introducing a one-off levy.