Fidelity Top Stories
BAT signals possible job cuts as operating units cut in restructure
British American Tobacco said it was cutting the number of business units it operates and restructuring its regional set up as part of a strategic review that could see job cuts.
Exxon Mobil posts mixed Q4 numbers but strong cash flow
Exxon Mobil posted a mixed set of quarterly results albeit accompanied by hefty cash flows.
Eurozone Q4 GDP growth edges past forecasts
Economic activity in the single currency bloc held up at the end of 2022 despite the drag from an unexpected contraction in its largest economy.
German retail sales plunge in December
Germans tightened their purse strings at the end of 2022 in response to the higher cost of food and energy.
Shaftesbury reports 'buoyant' Christmas trading rebound
Property manager Shaftesbury said its estate in London’s West End saw “buoyant” footfall and trading through the Christmas period, despite the broader cost-of-living crisis.
Shell to merge upstream, LNG units in restructure
Energy giant Shell said it was combining its oil and gas production and liquefied natural gas division as part of a restructure.
US consumer tightens her purse strings towards the end of 2022
The US consumer spent with a bit less abandon towards the end of 2022 even as price pressures continued to ebb as anticipated.
US consumer confidence rises and price expectations dip, University of Michigan says
Consumer confidence in the US rose a bit more than initially thought at the beginning of 2023, the results of a closely survey revealed.
Shell review of energy retail division puts 2,000 jobs at risk
The future of 2,000 Shell workers is in doubt after the energy giant unveiled a “strategic review” of its domestic energy and telecoms supply division.
Costcutter owner Bestway takes 3.45% stake in Sainsbury's
UK Costcutter convenience store owner Bestway Group has bought a 3. 45% stake in supermarket giant Sainsbury's which it may increase, but said it was not considering an offer for the chain.
Rolls Royce chief says company is a 'burning platform'
Rolls Royce's new boss told staff the engineering group was a "burning platform".
Adani shares suspended as US short seller 'fraud' claims sparks selloff
Shares in Indian conglomerate Adani were suspended on Friday after plunging 15% as US short seller Hindenburg published an explosive report accusing it of "brazen" corporate fraud.
US weekly jobless data comes in mixed, initial claims hit new cycle low
Jobless claims data in the US revealed that firms continued to hold onto workers although hiring appeared to be reversing the gains seen over the Christmas holidays.
US Q4 GDP growth edges past forecasts, up by 2.9%
The US economy expanded a tad more quickly than expected during the fourth quarter of 2022, boosted in part by inventory rebuilding.
US durable goods orders surge in December, as aircraft orders more than double
Orders in the US for goods made to last more than three years surged at the end of 2022.
US visible trade deficit widens significantly in December
America's shortfall on trade in goods with the rest of world yawned wider at the end of 2022.
Intermediate Capital Group sees opportunities in market dislocations
Intermediate Capital Group continued to successfully raise funds over the third quarter just ended on 31 December.
Wizz Air narrows losses as bookings, fares rise
Hungary-based budget airline Wizz Air narrowed losses in the third quarter on the back of fare increases and higher booking volumes.
Tullow Oil beats free cash flow expectations, faces Ghana tax bill
Tullow Oil said it expected to report better-than-expected free cash flow of $267m, up from $245m a year earlier and said it was facing a large tax bill on its assets in Ghana as tax incentives wind down.
EasyJet sees 2023 profits ahead of expectations as bookings soar
Budget airline easyJet said it expected to beat full-year profit expectations as it narrowed losses in the first quarter and forward bookings into the summer surged.