Fidelity Top Stories
US non-farm payrolls beat expectations in April
The US economy created more jobs than expected last month, according to figures released on Friday by the Bureau of Labor Statistics.
IAG lifts guidance on summer demand as Q1 beats forecasts
British Airways-owner IAG on Friday lifted its full year earnings forecasts on the back of strong summer demand as first-quarter profits beat expectations.
Shell beats forecasts with $9.6bn profit
Shell beat forecasts to post a first quarter net profit of $9. 65bn (£7. 6bn), boosted by strong returns from its trading division and higher liquefied natural gas, which offset lower oil and gas prices.
Weekly US jobless claims rise by slightly more than anticipated
US jobless claims rose moderately during the preceding week.
ECB hikes by 25bp says inflation outlook remains 'too high for too long'
The European Central Bank went ahead and hiked interest rates again, noting that the inflation outlook continued to be too high for too long.
Eurozone activity accelerates less than initially thought in April, S&P says
Economic activity in the single currency bloc accelerated by less than previously thought, the results of a closely followed survey revealed.
Virgin Money shares slump as H1 profits fall on higher debt provision
Shares in Virgin Money slumped on Thursday as the challenger bank posted lower first-half profits due to an increase in impairment charges for bad debts and higher investment costs.
WANdisco to axe 30% of staff as fraud fallout continues
Troubled tech firm WANdisco is to fire around a third of its workforce as it deals with the aftermath of an accounting scandal.
SSP expands North America presence with MCE buy
Travel outlet food operator SSP Group said it was expanding its North America operations through the acquisition of the concessions business of Midfield Concession Enterprise for an undisclosed sum.
Liontrust to buy Swiss asset manager GAM in £96m deal
Liontrust on Thursday said it had agreed to buy GAM Holding in a recommended deal valuing the Swiss asset manager at 107m Swiss francs (£96m) .
Fed hikes 25bp, opens door to possibility of a pause
The Federal Reserve hiked short-term official interest rates as expected, but left the door open to a pause in its tightening cycle.
US services sector activity strengthens a bit in April, ISM says
Activity in the US services sector picked up a bit last month with both new orders and prices paid rising at an accelerated pace, the results of a closely followed survey showed.
RS Group CFO quits after relationship with colleague
RS Group chief financial officer David Egan is leaving the business with immediate effect after admitting a relationship with a colleague that fell "short of the high standards expected" of the company.
Lloyds Q1 46% profit jump beats expectations
Lloyds Bank became the latest UK lender to beat quarterly profits forecasts as earnings surged on the back of higher interest rates, although deposits fell sharply.
Facebook news changes 'hit Reach sales'
Daily Mirror publisher Reach said revenues fell 6% in the four months to April 23 with the company citing changes in the way social media platform Facebook presented news content.
French pension strikes forced Ryanair to cancel 650 flights in April
Ryanair said strike action by French air traffic controllers forced the budget carrier to ground 650 flights last month affecting 118,000 passengers.
Haleon profits rise but margins squeezed by cost inflation
Profits at consumer health company Haleon on Wednesday came in below expectations as higher costs hit earnings margins.
US job opening decline further in March
The number of job opening continued to decline in March alongside a decrease in the number of Americans choosing to change employment.
BP posts $5bn Q1 profit as windfall tax debate reignites
The debate around windfall profits on energy companies was reignited on Tuesday when oil giant BP reported a better-than-expected first quarter profit of $5bn.
US government could run out of cash in early June, Yellen warns
The US government was likely to run out of cash to meet all of its obligations, possibly as soon as next month, unless Congress acted.