Fidelity Top Stories
US non-farm payrolls growth slows to 372,000 in June
US non-farm payrolls growth slowed to 372,000 during the month of June. , although some economists noted that an alternate measure of labour demand contained within the same report came in much softer.
Vistry sees margins ahead of target as demand soars
House builder Vistry said it expected price rises to drive margins above full year targets after a better-than-expected first half driven by strong demand.
UK's Johnson says 'the herd' ousted him, but wants to stay until autumn
Boris Johnson quit as leader of the Conservative Party after a sexual harassment scandal and subsequent ministerial resignations engulfed his government, but controversially wanted to remain as prime minister for months while a successor was found.
Heathrow strike suspended after BA offers improved pay deal
A strike action by 700 British Airways check-in staff at Heathrow has been suspended after the airline made a "vastly improved" pay offer, unions said on Thursday.
Currys warns of lower profits as consumers tighten belts
UK electricals retailer Currys said it expected annual profits to be lower as consumers started to tighten their belts amid the cost-of-living crisis.
Shell moves to derecognise Sakhalin-2 LNG volumes
Shell guided towards lower second quarter liquid natural gas liquefaction volumes after Russia moved to take over the Sakhalin-2 gas and oil project in the country's Far East.
Persimmon sees H1 profits slightly higher than expectations
House builder Persimmon said it expected half-year profits to be “modestly” higher than expectations, despite rising energy and raw materials prices and wage increases.
UK cabinet ministers 'will tell Johnson to quit'
A delegation of senior cabinet ministers was reportedly gathering at Downing Street to urge UK Prime Minister Boris Johnson to quit after a mass of resignations from his government amid renewed criticism of his behaviour.
Trainline lifts guidance after surge in demand led by US visitors
Online rail ticketing platform Trainline on Wednesday lifted annual guidance after a bigger-than-expected surge in demand for travel, particularly from US visitors.
'Technically speaking' it's highly unlikely US is already in a recession, BofA says
It was "highly unlikely", technically speaking, that the US economy was in a recession, Bank of America Securities said, although there were some caveats.
Ben & Jerry's sues Unilever over ending of West Bank boycott
Ice-cream brand Ben & Jerry's is suing parent company Unilever for ending its boycott of occupied Palestinian territories, saying the decision conflicted with its “core values”.
Amazon takes stake in Just Eat Takeaway's Grubhub
Amazon has agreed to take a 2% stake in Just Eat Takeaway's Grubhub delivery business in a new deal that will see Amazon Prime members receive free food deliveries.
Coats buys Texon International for $237m
Industrial thread maker Coats said it had bought footwear parts manufacturer Texon International Group for an enterprise value of $237m.
UK Finance Minister Sunak resigns in major blow to PM Johnson
UK Finance Minister Rishi Sunak resigned on Tuesday, along with Health Secretary Sajid Javid, as Prime Minister Boris Johnson found himself engulfed in yet another scandal over the behaviour of Conservative MPs.
Biden administration said to be mulling partial roll back of US trade tariffs on China
The Biden administration is expected to announce a partial roll back of US trade tariffs on Chinese goods exports as soon as this week.
Sainsbury's Q1 sales fall 4% as CEO warns pressure on households will rise
UK supermarket chain Sainsbury’s said first-quarter underlying sales fell 4% as consumers started to cut back on discretionary spending amid the cost of living crisis.
RBA lifts interest rates for third month in a row
Australia’s Reserve Bank increased its key cash interest rate for the third time in as many months and warned of more action as it looked to stymie rising inflation.
Bundesbank chief warns against using ECB's tools to contain wider spreads
The head of Germany's central bank urged caution on using policy tools to limit the borrowing costs of weaker economies within the single-currency bloc.
Depth of economic recession and geopolitical risks are key for 2H outlook, BofA says
Bank of America strategists' contrarian stock market timing models continued to flash 'buy' across the latest week, but risks were not absent.
Eurozone manufacturing falls for first time since August 2020
Eurozone manufacturing production fell last month for the first time since August 2020 as the Covid pandemic took hold, with rising inflation putting the brakes on consumer spending, according to a survey published on Friday.