Fidelity Top Stories
Philly Fed index improves by more than expected in May
The slowdown in manufacturing in the US mid-Atlantic region eased by more than expected in May, the results of a closely followed survey showed.
Vistry sees FY profits of more than £450m as market improves
UK housebuilder Vistry said it expected to report adjust annual earnings of more than £450m as the market continued to improve in the wake of the disastrous ‘mini budget’ of former prime minister Liz Truss.
JD Sports says profits to pass £1bn this year; Shares fall
JD Sports Fashion said it expected annual profit to pass £1bn after a record result in the year to January 28 as buyers snapped up trainers in the shift towards leisurewear.
McCarthy expects US government debt default to be avoided
A top Republican leader voiced confidence that the United States government would avoid a debt default.
Vodafone to axe 11,000 jobs, sees flat FY as new CEO slams firm
Telecoms giant Vodafone said it was cutting 11,000 jobs and expected to post flat earnings next year after reporting a decline in annual profits in a performance described as “not good enough” by its chief executive.
US retail sales rise by less than expected in April
American consumers last month resumed their outlays but at a slower than anticipated pace.
Currys lifts guidance after strong end to year
UK electricals retailer Currys on Monday lifted its full-year earnings guidance after trading in the final two months of its fiscal year were better-than-expected.
Wood Group shares plunge as Apollo pulls plans for bid
Shares in Wood Group plunged by more than a third on Monday as US private equity firm Apollo Global pulled plans to make a takeover offer for the UK oil industry engineer.
Royal Mail chief steps down after bruising battle with unions
Royal Mail chief executive Simon Thompson has quit after a bitter year-long dispute with the postal workers' union, the company said on Friday.
THG calls off takeover talks with Apollo Global
Online retailer THG called off take-over talks with US private equity outfit Apollo Global Management.
Balfour Beatty sees flat FY profit; Current trading in line
Infrastructure group Balfour Beatty said it expected annual profits to be flat, with current trading in line with expectations.
FirstGroup shares slump as TransPennine service nationalised
Shares in FirstGroup slumped on Thursday after the UK government nationalised its TransPennine Express (TPE) service in response to months of cancellations and woeful service.
Rolls-Royce says engine flying hours increase; Holds guidance
UK aerospace engineer Rolls-Royce held annual guidance and said large engine flying hours had hit 83% of 2019 levels in the four months to April 30.
Wood Group holds guidance as Q1 revenues grow
Oil and gas engineer Wood Group, currently in talks on a potential $1. 6bn takeover by private equity group Apollo, held annual guidance as first quarter revenues increased.
ECB's Nagel says interest rate hikes coming to final stretch
The European Central Banks' tightening campaign was entering its final phase, the head of the Bundesbank said.
Tui narrows losses as travel recovery continues
Holiday giant Tui on Wednesday reported narrower losses and an increase in revenue as travel rebounded from the Covid pandemic.
ASOS shares slump on wider losses as shoppers retrench spending
ASOS shares slumped after the fast fashion retailer reported wider interim losses as shoppers continued to tighten their belts amid the cost of living crisis, even though the company said it was confident of a return to profit in the second half.
US small business confidence dips a bit more than expected in April, NFIB says
A closely followed gauge of small business sentiment plumbed a 10-year low last month as confidence in the economic outlook, as well for sales and earnings waned.
Ryanair agrees $40bn deal with Boeing on 300 new planes
Ryanair has agreed a huge $40bn deal with Boeing on 300 new aircraft purchases over the next decade, the two companies said on Tuesday.
Marshalls shares slump on guidance cut as LFL sales fall
Shares in Marshalls slumped on Tuesday as the landscaping and building materials group cut annual guidance on the back of a 14% fall in like-for-like sales, due to lower new house building and continued weakness in private housing maintenance activity.