Fidelity Top Stories
ASOS names Sean Glithero as new CFO
UK fast fashion retailer ASOS said it had appointed former Matchesfashion chief financial officer Sean Glithero as its new interim CFO.
Victrex sees softer volumes, weaker end markets in Q1
Polymer products maker Victrex held full-year guidance but said volumes had been softer during the first quarter with ongoing weakness in several of its end markets as it reported a rise in revenue.
FirstGroup South Western rail franchise extended for two years
FirstGroup said it had been granted a two-year extension for its South Western Railway franchise, by the UK government.
British American Tobacco posts jump in full-year sales led by New Category products
British American Tobacco posted a big increase in full-year sales and profits with the former driven by its New category products and foreign exchange tailwinds.
Redrow holds divi, scraps 2024 guidance: Sees better start to H2
UK house builder Redrow held its dividend as it reported a fall in interim profits and scrapped 2024 guidance, but noted that early indications for the rest of the year were better than expected.
Ofcom to probe inflation-busting price rises on phone, internet deals
Britain's telecoms regulator is starting a probe into inflation-busting price rises mid-contract for phone and broadband customers.
AstraZeneca FY core EPS in line; Aims for growth in 2023
Pharma giant AstraZeneca reported full-year earnings in line with expectations and said it expected 2023 core profits to increase by high-single to low-double digits.
Sweden lifts rates to 3%, sees rise in spring, to start bond sales in April
Sweden's central bank lifted its benchmark policy rate to by 0. 5 percentage points to 3% on Thursday and said a further rise was likely in the spring as it also announced a government bond sale from April to reduce asset holdings at a faster pace.
German consumer prices rise by less than expected in January
The cost of living in Germany rose by less than expected by economists at the start of 2023.
Barratt cuts dividend as higher mortgage costs hit housing market
UK housebuilder Barratt cut its dividend as the housing market started to cool down in response to rising interest rates and mortgage costs.
Maersk issues profits warning as freight rates, volumes slump
Shipping giant AP Moller-Maersk issued a profit warning on Wednesday due to a slump in container volumes and freight rates.
Fed's Powell says message from last policy meeting was that "disinflation process" had begun
The head of the US central bank told an audience that the "message" from its last policy meeting was that the "disinflation process" had begun.
Postal strikes called off after legal challenge
UK postal workers have called off a strike scheduled for later this month after a legal challenge from Royal Mail, the Communication Workers Union (CWU) said on Tuesday.
Ukraine court grants order to freeze Ferrexpo unit bank accounts
Iron ore pellet maker Ferrexpo said Ukrainian courts have granted an order to freeze bank accounts belonging to one of its subsidiaries in the war-torn country over alleged royalty underpayments.
Man City charged with financial rule breaches by Premier League
Britain's Premier League has charged Manchester City Football Club with more than 100 breaches of its financial rules after a four-year investigation.
Newmont launches $17bn bid for Australia's Newcrest
Newmont Mining has launched a $17bn all-share bid for Australian rival Newcrest in an attempt to create the world’s biggest gold mining company.
German factory orders rebound in December on large-scale demand
German factory orders bounced back in December as large-scale orders boosted demand, according to official data released on Monday.
Vesuvius hit by cyber attack
Molten metal flow engineering and technology firm Vesuvius said it had been hit by a cyber attack involving “unauthorised access” to its systems.
US non-farm payrolls jump by 517,000 in January
Hiring in the US shot higher at the start of 2023.
JD Sports surges as growth plan unveiled by new CEO Schultz
Shares in sports fashion retailer JD Sports Fashion surged on Thursday as the company revealed it is aiming to grow revenues and margins by double digits over the next five years alongside a rapid store expansion under a strategy outlined by new chief executive Regis Schultz.