Fidelity Top Stories
Ryanair threatens legal action against Hungary over 'unjustfied' fine
Low-cost airline Ryanair said it would take the Hungarian government to court after it was fined for passing an "unjustified" windfall tax onto customers.
Palantir lowers full-year guidance, pulls forecast for medium-term growth
Shares of Palantir reeled after the data analytics outfit guided lower for full-year sales and profits.
Fed's Daly, Bowman see need for more rate hikes, stress data-dependency
A top Federal Reserve official said that the US central bank was "far from done yet" when it came to lowering inflation.
Citi sees Fed 2023 pivot, stays cautious on risk, long duration and US dollar
A so-called 'pivot' by the US central bank was likely, argued strategists at Citi, but company earnings growth remained a risk, prompting them to stay "cautious" on risk, long on duration and the US dollar.
BofA strategists still see end game for S&P 500 below 3,600, US dollar as 'great short' of 2023
Equity strategists at BofA Securities recommended clients "short" the S&P 500 on moves above 4,342. 0, where the index's 200-day moving average was to be found and to fade it above 4,200 points.
Hargreaves Lansdown AuM fall on weaker investor sentiment
Hargreaves Lansdown reported a fall in assets under management for the full year as the war in Ukraine, inflation and cost-of-living crisis shook investor confidence.
WPP lifts FY guidance as client spend boosts interims
Advertising giant WPP lifted net sales guidance on Friday, after a rise in half-year profits driven by strong client demand across all services.
US foreign trade deficit falls a bit more than expected in June
America's shortfall on trade with the rest of the world in goods and services shrank a bit more than expected in June amid a sharp jump in exports.
Phoenix Group to buy Sun Life for £248m
Phoenix Group said it was buying closed book UK life insurance company Sun Life for £248m.
Mondi profits surge on higher prices
Paper and packaging group Mondi reported a sharp rise in interim profits on the back of higher prices due to reduced timber supplies.
OPEC+ raises output quota ceiling for September by 100,000 barrels per day
The Organisation for Petroleum Exporting Countries and its main allies, whom together are known as OPEC+, revised their combined output quotas for September higher but by far less than in the previous month.
Fed's Bullard says soft landing achievable, Daly thinks work 'far from done'
The US Federal Reserve and the European Central Bank may be able to lower inflation in an orderly fashion while achieving a relatively soft landing, a top Fed official said.
US ISM services PMI reaccelerates unexpectedly in July
Activity in the US services sector accelerated unexpectedly in July, the results of a closely-followed survey revealed.
Taylor Wimpey sees earnings at top end of guidance as profits rise
House builder Taylor Wimpey said it expected full-year profits to be at the upper end of forecasts as it reported a rise in interim earnings, driven by strong selling prices.
Ryanair July passenger numbers soar
Budget airline Ryanair on Wednesday reported a rise in July passenger numbers, despite the travel chaos at UK airports.
US job openings decline in June, quits little changed
The US jobs market tightened up a bit as economic growth slowed, the results of a closely-followed survey revealed.
Purplebricks shares slump as agency swings to loss after marketing failures
Shares in UK online real estate agency Purplebricks slumped on Tuesday after the company revealed a full-year loss as it struggled to execute a new operating model and also had to set aside cash to cover problems at its lettings division.
BA suspends short haul sales from Heathrow
British Airways been forced to suspend ticket sales on short-haul flights from Heathrow until August 8 in response to the London airport’s decision to cap capacity amid continuing disruption and cancellations.
JD Sports appoints Regis Schultz as CEO
British sportswear retailer JD Sports Fashion has confirmed the appointment of former B&Q executive Regis Schultz as chief executive after the controversial departure of Peter Cowgill in June.
HSBC raises profit target, pledges return to dividends
HSBC on Monday reported a fall in first-half profits but pledged to resume quarterly dividends next year as its annual outlook remained positive.