Fidelity Top Stories
Wood Group shares surge as talks open with Apollo on £1.6bn bid
Shares in Wood Group surged on Monday after the oil and gas engineering firm said it had decided to start talks with US private equity group Apollo on a potential £1. 66bn takeover.
ECB's Kazaks says 25bp rate hike possible in May
A top European Central Bank official left the door open to a downshift in the pace of interest rate hikes.
BHP gets court approval for OZ Minerals takeover
Australia's Federal Court has approved BHP's $6. 4bn takeover of copper producer OZ Minerals, the mining giant said on Monday.
QinetiQ lifts annual guidance on strong order growth
British defence group Qinetiq on Monday lifted annual guidance and said profits would come at the upper end of expectations driven by order growth across its major markets.
PageGroup Q1 profit falls as workers decline firm job offers
Recruitment company PageGroup on Monday maintained guidance as it reported a 2. 4% decline in first quarter profits, driven by sharp falls in the US and Asia as potential staff declined firm job offers and clients delayed hiring decisions.
Consumer sentiment steady in mid-April but inflation expectations jump, University of Michigan says
Consumer sentiment in the US was little changed even as inflation expectations moved up sharply, the results of a closely followed survey revealed.
US March retail sales drop twice as fast as forecast
Retail sales volumes shrank twice as fast as expected last month amid broad-based softness by categories.
US industrial production grows a bit more quickly than expected in March
US industrial production grew a bit more quickly than expected last month.
Dr Martens shares soar despite another profit warning
Shares in Dr Martens surged on Friday, despite the UK bootwear maker lowering profit guidance for the third time in five months as operational mistakes at its Los Angeles distribution centre cost more than anticipated.
BofA says UK inflation set to slide, but rate cuts not 'imminent'
Economists at Bank of America forecast that UK consumer price gains would slide from a rate of 10. 4% for February to 3. 8% by October.
Major investors back Hammerson in row with Lighthouse
Two major investors have come out in support of shopping centre owner Hammerson amid demands from its biggest shareholder to speed up asset sales and resume dividend payments.
J.P. Morgan posts record revenues, shares fly
J. P. Morgan shares jumped in trading before the opening bell on Wall Street after the banking heavyweight handily beat estimates on the Street for its first quarter results.
US producer prices fall unexpectedly in March
Producer prices in the US fell unexpectedly amid declines in energy and services prices.
Diageo to delist from Euronext Paris and Euronext Dublin
Diageo moved on Thursday to delist its shares from Euronext Paris and Euronext Dublin.
US jobless claims rise a tad more than expected during latest week
The US labour market eased a bit more during the previous week.
Tesco sees flat profit for current year as inflation bites
UK supermarket chain Tesco said it expected to post flat profits this year and announced a £750m share buyback as annual earnings halved last year with inflation battering both customers and company.
China exports surge unexpectedly in March
Chinese exports unexpectedly spiked in March against forecasts of a contraction, as the economy continued to recover from its zero-Covid policies and months of falling trade due to lockdowns.
German inflation confirmed easing in March
German inflation continued to soften last month due to falling energy costs, with consumer prices rising by 7. 4% on an annual basis, but lower than the 8. 7% rate recorded in the first two months of the year, according to official final data released on Thursday.
Imperial Brands sees annual earnings in line with expectations
Tobacco company Imperial Brands said it was on track to deliver earnings in line with expectations and low single-digit constant currency net revenue growth.
US CPI falls back to 5.0% in March
The cost of living in the US fell back by more than expected during the previous month.