Fidelity Top Stories
German January exports rebound from Dec fall with 2.1% rise
German exports rose by more than expected in January, recording a 2. 1% rise and rebounding from a sharp drop in the prior month, according to official data released on Friday.
National Express shares surge as dividend reinstated, profits rise
Shares in bus company National Express surged as it reinstated dividends and reported a surge in annual profits, driven by a rise in passengers using its services as a result of UK rail strikes.
Weekly US jobless claims little changed
Unemployment claims in the US were little changed during the latest week.
US labour market shows signs of cooling, WSJ says
Demand for workers in the US may be cooling more quickly than some government statistics might lead you to believe, data from two staffing companies showed.
FirstGroup to invest extra £35m in electric bus fleet, infrastructure
FirstGroup on Thursday said it was investing an extra £35m in the electrification of its bus fleet and infrastructure.
Wizz Air, Ryanair passenger numbers soar in February
Wizz Air and low-cost rival Ryanair both reported a surge in February passenger numbers as travel continued to rebound from the Covid pandemic and associated restrictions.
Grafton FY profits up slightly, warns on cooler DIY, housing markets
Builders merchant and DIY retailer Grafton reported a slight rise in full-year profit as consumers started to cut back on spending and the boom in home improvement projects during the Covid pandemic tapered off.
Melrose FY profits soar, sees stronger aerospace earnings in 2023
UK defence and commercial engineer Melrose Industries said 2022 profits came in higher than expected and forecast a significantly stronger performance from its aerospace unit this year.
Chinese factory sector activity rebounds more quickly than expected in February
Factory sector activity in the People's Republic of China ramped up more quickly than expected in February, the results of two closely followed surveys revealed.
US factory sector in steepest downturn since 2009, and outside of the pandemic, S&P Global says
Factory sector activity in the US experienced a solid decline last month as levels of output and new orders registered further falls.
Weir Group shares surge as mining boom boosts annual profits
Engineering group Weir on Wednesday posted a rise in annual profits on the back of a booming mining industry, sparking a surge in the stock.
Jaguar Land Rover owner seeks £0.5bn subsidy for UK battery plant - report
Jaguar Land Rover owner Tata Motors is reportedly seeking £500m from the UK government in state subsidies to build a battery factory in Somerset, UK media reported on Wednesday.
UK house prices fall 1.1% in February - Nationwide
UK house prices fell by 1. 1% year-on-year in February, the first annual decline since June 2020, mortgage lender Nationwide said on Wednesday.
UK factory output stages first rise in eight months in February, S&P Global says
The downturn in the UK's manufacturing sector abated somewhat in February, the results of a closely followed survey confirmed.