Fidelity Top Stories
UK's Gove under fire over emergency budget snub in bizarre TV interview
UK cabinet minister Michael Gove on Wednesday ruled out an emergency budget, squashing suggestions that the government was planning extra measures to help hard-pressed Britons squeezed by the cost of living crisis.
Harbour Energy says could be debt free next year
Harbour Energy maintained production guidance on Wednesday and said it may pay down debt and return more cash to shareholders this year if oil prices stayed higher.
GFG faces insolvency battle as Credit Suisse pulls debt talks - report
Sanjeev Gupta’s GFG Alliance faces insolvency after Credit Suisse pulled out of debt settlement talks, according to reports on Tuesday.
Tesco chair calls for windfall tax on energy firms
Tesco chairman John Allan on Tuesday said there was an “overwhelming case” for a windfall tax on energy companies to help ease the cost-of-living crisis for most Britons.
Heathrow lifts passenger numbers guidance but warns of 'challenges'
Britain's Heathrow Airport on Tuesday lifted its 2022 passenger number forecast as demand for leisure travel started to surge, but warned of "significant challenges" and said it would still be lossmaking this year.
Renishaw lowers profit forecast on economic uncertainties
UK engineering firm Renishaw cut full-year profit forecasts on Tuesday, citing economic uncertainties, and also warned of a of a possible hit from Covid-19 lockdowns in China.
Slater opposed to Randall & Quilter sale - report
A major investor in AIM-listed insurer Randall & Quilter has rejected a £482m bid to take the company private, the Times newspaper reported on Monday.
4imprint sees profits above expectations as revenues improve
Promotional merchandise distributor 4imprint said its it expected annual operating profit to be above forecasts as revenue was on track to hit a better-than-expected £1bn.
Trainline narrows losses as rail travel rebounds from pandemic
Online ticket distributor Trainline narrowed annual pre-tax losses as travellers returned to rail travel after the lifting of Covid restrictions.
Next holds annual guidance after Q1 store sales soar
UK retailer Next maintained annual guidance after first-quarter sales rose on the back of store re-openings as Covid restrictions eased.
Pope trying to arrange person-in-person meeting with Russian President
News surfaced on Tuesday of the Roman Catholic Pope's efforts to try to convince the Kremlin to end the fighting in Ukraine, but to no avail as of yet.
US foreign trade deficit soars in March
America's shortfall on trade with the rest of the world ballooned at the end of the first quarter amid a surge in purchases from overseas.
Direct Line Q1 premiums fall due to new FCA rules
Insurance company Direct Line reported lower gross premiums for the first quarter as new rules on pricing practices impacted results.
Russia exit pushes BP into $23bn loss but underlying profits soar on higher prices
Energy giant BP swung to a massive first quarter loss as it took a $24bn writedown on its decision to exit its Russian interests, the company said on Tuesday, but underlying profits soared on higher oil and gas prices.
Wednesday preview: US Fed, services PMIs in the spotlight
All eyes on Wednesday will be on the US central bank to see whether rate-setters follow through on their recent accelerated plans for tightening policy or even go a bit further.
Australia's RBA lifts interest rates for first time since 2010
Australia's central bank on Tuesday lifted interest rates for the first time in more than a decade, an intervention days before the country goes to the polls in a national election.
Wizz April passenger numbers soar
East Europe-focused budget airline Wizz Air reported a 542% annual rise in April passenger traffic and said it had added new routes from Cardiff and Luton in the UK.