Fidelity Top Stories
B&M Value Retail shares surge on 2024 outlook
Shares in B&M surged on Wednesday after the discount retailer said it expected current adjusted core earnings to be higher as it posted a fall in annual profits, but reported almost £5bn in sales as customers sought food and goods bargains amid the cost-of-living crisis.
US home prices rise again in March, S&P Case Shiller index shows
Home prices in the States rose for a second straight month in March, helped by a dearth of available inventory, the results of a closely watched survey revealed.
Hunting shares soar as FY guidance lifted on new £91m order
Shares in Hunting surged on Tuesday as the international energy services group lifted guidance for 2023 after winning a new contract worth up to £91m with Cairn Oil and Gas, Vedanta.
US consumer confidence slips in May, price expectations fall, University of Michigan says
Consumer confidence in the US slipped in May amid the uncertainty around the debt ceiling crisis and concern about a potential recession, the results of a closely followed survey revealed.
US personal spending rebounds in April, price gains pick up
Americans resumed splashing out last month, pushing the savings rate lower.
US visible trade deficit yawns wider in April
America's visible trade deficit yawned wider last month as exports shrank rapidly.
Fed's Waller sounds 'hawkish' note on outlook for rates
A top US central bank official said he could support a further 25 basis point interest rate hike at the 13-14 June policy meeting, depending on how the economic data came in between now and then.
Activity in US services sector accelerates in May, but slips in manufacturing
Services sector activity in the US picked up by surprise last month, even as that in manufacturing shrank unexpectedly, the results of two surveys revealed.
Barratt asks John Allan to step down early as chair
House builder Barratt Developments said it had asked chairman John Allan to step down from his role as chairman earlier than planned, to stop allegations of impropriety towards women becoming a distraction to the company.
Fed's Bullard calls for two more 25bp interest rate hikes in 2023
A top US central bank official made the case for two more 25 basis point interest rate hikes in 2023.
Polymetal shares tank after Russia operations hit by US sanctions
Shares in gold producer Polymetal tanked on Monday after the US placed its Russian operations on a sanctions list in retaliation for Moscow's invasion of Ukraine, although the company stressed the measures did not impact assets outside Russia.
UK govt cuts stake in NatWest via £1.26bn buyback
The UK government has cut its stake in NatWest Group to 38. 6% via £1. 26bn off-market buyback deal.
Fed's Powell says no decisions about need for further hikes has been taken
The head of the US central bank left the door open to a pause in interest rate hikes at its next policy meeting, even as he noted that inflation from the services sector was persistent.
Republican debt ceiling negotiators walk out of White House meeting
Republican lawmakers walked out of negotiations to raise the government debt ceiling at a closed door meeting at the White House.
ShoreCap puts C&C Group under review after CEO departs, €25m hit
Analysts at Shore Capital have put their 'buy' recommendation on Magners cider maker C&C Group under review after the company announced the departure of its CEO and a €25m hit from problems implementing a software upgrade at its Matthew Clark and Bibendum (MCB) unit.
Aston Martin shares motor as China's Geely invests £234m
Chinese auto group Geely has committed to invest £234m Aston Martin Lagonda to become its third-largest shareholder, sending shares in the UK in luxury car maker racing ahead on Thursday.
McCarthy says vote on debt ceiling increase or suspension may come during following week
Lawmakers in the US may vote on a deal to lift or suspend the government's debt ceiling as soon as the following week, a top Republican said.
Fed's Logan doesn´t see enough reasons yet for a rate pause in June
A top US central bank official cast her ballot in favour of a further rate hike at the Federal Reserve's 14 June meeting.
Weekly US jobless claims drop by more than expected
The number of people filing for jobless claims dropped by more than expected during the previous week.
IDS pushed into the red after Royal Mail loses £1bn
UK postal carrier Royal Mail swung to a massive £1bn annual loss, pushing parent company International Distributions Services into the red after a bruising year-long battle with unions over pay and conditions and a failure to deliver productivity improvements.