Fidelity Top Stories
Weekly US jobless claims register unexpected rise
Jobless claims in the US rose unexpectedly during the previous week.
US job cuts year-to-date running at highest since 2009, Challenger says
Layoff announcements in the US were running at their highest level since 2009 at the start of the year, one of the country's best known staffing agencies said.
Aviva in £300m share buyback, to hike prices as FY profits surge 35%
UK insurer Aviva posted a better-than-expected 35% rise in annual operating profit and announced a £300m share buyback on Thursday, driven by a rise in life and general policy sales.
Harbour Energy slams UK windfall tax as profits 'all but wiped out'
North Sea oil producer Harbour Energy said windfall taxes had “all but wiped out” its full-year profits and forced it to cut jobs and investment.
Credit Suisse delays annual results after late call from US regulator
Scandal-ridden bank Credit Suisse has postponed publication of its annual report after a last-minute intervention from the US Securities and Exchange Commission (SEC).
Hammerson narrows losses as footfall increases
Property developer Hammerson narrowed annual losses and said it was looking to cut costs further amid the tougher economic outlook.
Tullow Oil swings to profit on higher oil, gas prices
Tullow Oil gross annual profits almost doubled as the company cashed in on higher oil and gas prices sparked by the war in Ukraine.
BoE's Dhingra says rate rise would harm economy
Further rises in UK interest rates could harm an already weakened economy and hard-pressed households, a Bank of England policymaker warned on Wednesday.
Heathrow ordered to cut fees in win for airlines, passengers
Britain’s Heathrow Airport has been ordered to cut passenger charges after a recovery in demand after the Covid pandemic, in a win for travellers and airlines.
PwC slapped with £7.5m fine over Babcock audits
PwC has been hit with a £7. 5m fine by the UK’s accounting regulator for "serious breaches" on audits of engineer Babcock.
Fed's Powell tells Senate 50bp rate hikes possible - if needed
The head of the Federal Reserve kept the door open to larger rate hikes - if needed - while pointing out that recent economic data had been stronger than expected.
Reach shares fall as CEO warns on tough 2023
Shares in Daily Mirror publisher Reach fell more than 5% in early London trade after the newspaper group warned that economic headwinds would persist into the current fiscal year.
Greggs planning large store expansion as annual profits rise 2%
UK high street baker Greggs reported a 2% rise in annual profits, as inflation and higher costs hit the bottom line and said it planned a large expansion of its store estate.
Chinese exports continue to decline in February
China's foreign trade surplus over the first two months of 2023 was larger than expected as the economy reopened and exports rebounded, while import growth lagged behind.
Keller Group FY profits fall on higher costs, Ukraine war
Geotechnical engineering company Keller Group on Tuesday reported a fall in full-year earnings as inflation, higher costs and the war in Ukraine took their toll.
Rio Tinto pays $15m to settle Guinea bribery case
Rio Tinto has agreed to pay a $15m penalty over bribery charges brought by the US Securities and Exchange Commission, involving payments to a consultant in Guinea to keep mining rights over a project in the country.
Clarkson annual earnings surge on strong broking performance
Shipping services company Clarkson reported a sharp rise in annual earnings, driven by a strong performance in its broking division.
VW shares surge as sales forecast beats expectations
Volkswagen shares surged on Friday after the company forecast a sharp rise in 2023 sales.
ARM snubs London and decides on US-only listing
UK technology firm Arm has snubbed the London Stock Exchange and decided to list its shares on the US stock market.
Pearson posts better-than-forecast rise in FY earnings
Educational publisher Pearson reported a better-than-expected rise in annual profits driven by revenue growth and cost savings and said it would grow sales by low to mid single digits this year.