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Fidelity Top Stories
28 Feb
rotork
Rotork profits rise on higher prices, volumes

Industrial flow control maker Rotork on Tuesday reported a rise in full-year earnings as higher prices and volumes offset cost inflation.

28 Feb
travis perkins
Travis Perkins profits fall 16% as housing market slows down

UK builders merchant Travis Perkins on Tuesday reported a fall in annual profit due to a tougher housing market and restructuring costs, which offset a rise in sales.

28 Feb
ocado,grocery
Ocado losses widen to £500m as retail operations hammered

UK online grocer and technology company Ocado Group posted wider losses as the cost of living crisis and return to normal shopping habits after the Covid pandemic hammered its joint venture with Marks & Spencer .

28 Feb
Abrdn swings to annual loss as inflation bites

UK asset manager abrdn swung to a full-year loss citing volatile markets and surging investments in what the company called “one of the hardest investing years in living memory”.

27 Feb
primark westfield clothing retail abfoods
Primark owner ABF lifts guidance as consumer spending holds up

Primark owner Associated British Foods lifted full-year guidance consumer spending proved to be more resilient in the first half, with Britons buying early for the summer.

27 Feb
bunzl, packaging, consumer goods
Bunzl profits, dividend rise on price, volumes

International distribution group Bunzl reported a rise in annual earnings, driven by product cost inflation, volume recovery in the first half and growth from acquisitions.

24 Feb
dl only ericsson
Ericsson to slash 8,500 jobs - report

Telecoms giant Ericsson is to lay off 8,500 staff in a bid to slash costs, according to media reports on Friday.

24 Feb
dl iag international consolidated airlines group iag vueling airbus a320 wikimedia public domain image ftse 100 min
IAG swings to FY profit, to buy out rest of Air Europa for €400m

British Airways owner IAG swung to a full year profit as international travel recovered from the Covid pandemic and said it had agreed to buy out the 80% of Air Europa it does not own for €400m in a move to turn Madrid into a major airport hub.

23 Feb
Rolls-Royce shares surge as travel rebound boosts annual profits

Aerospace and defence company Rolls-Royce posted a better than expected rise rise in operating profit as the post-pandemic recovery in international travel continued, sending shares in the company up 19%.

23 Feb
Mondi shares slump on demand, prices warning

Paper and packaging group Mondi more than doubled full-year profits on higher prices but warned that it continued to see softer demand and pricing, despite input costs declining, sending the shares lower on Thursday.

23 Feb
Serco wins $690m US govt health contract

Government outsourcer Serco has won a $690m contract by the US Department of Health to continue working on whether people are eligible for federal health insurance.

23 Feb
AstraZeneca, KYM sign licensing deal on gastric cancer treatment

AstraZeneca and KYM Biosciences have agreed a global exclusive licence agreement for a potential gastric cancer treatment known as CMG901.

23 Feb
Hays CEO Cox to step down

Recruitment company Hays said chief executive Alistair Cox was stepping down after discussions with the board.

22 Feb
lloyds banking branch
Lloyds Bank posts flat profit on higher impairment charge

Lloyds Bank reported flat annual profits with higher net income and lower costs were offset by impairment charges due to the worsening economic outlook.

22 Feb
fiat uno ciao 1 700x450
Stellantis shares gain on record FY profits, €1.5bn buyback

Shares in carmaker Stellantis on Wednesday reported record full-year profits along with a large jump in global battery and electric vehicle sales.

22 Feb
bp dl oil energy uk oil rig crude brentwti
Morgan Stanley cuts 2023-24 Brent crude oil price forecasts

Analysts at Morgan Stanley cut their price forecasts for Brent crude oil prices across 2023 and for 2024 on the back of higher-than-expected Russian exports.

21 Feb
house dl
US existing home sales fall for a twelfth month in a row in January

Home selling activity in the US slowed for a twelfth straight month at the start of 2023.

21 Feb
kiev dl ukraine
Putin says Russia will continue with tasks set out, pulls out of New START treaty

Far from signalling any openness to a ceasefire, Russian President Vladimir Putin said his country was fighting for its "historic lands" in Ukraine and that Moscow would "fulfill the tasks set step-by-step, carefully and consistently".

21 Feb
travel hotels kimpton intercontinental ihg
IHG in $750m share buyback as FY profits rebound from Covid

Global hotel chain operator IHG on Tuesday posted a rise in annual profits aided by higher room prices and announced a $750m share buyback as travel continued to rebound from the Covid pandemic.

21 Feb
HSBC Q4 profits surge on global interest rate hikes

HSBC said quarterly profits almost doubled, driven by the rise in global interest rates, and unveiled a special dividend.