Fidelity Top Stories
Wizz Air expects to post net profit this year
Budget airline Wizz Air said it expected to post a net profit this year after posting a net annual loss due to higher fuel prices and the war in Ukraine.
OECD sees moderate GDP global growth; UK to avoid recession
The global economy is forecast to grow moderately this year as inflationary pressures ease, but a recovery was still some way off, the Organisation for Economic Co-operation and Development (OECD) said in its latest forecasts.
US services activity slows unexpectedly in May, ISM says
US services sector activity slowed unexpectedly last month amid slower new order growth while stockpiles piled up, the results of a closely followed survey showed.
Diageo appoints Debra Crew interim CEO after Menezes emergency surgery
Drinks giant Diageo has appointed Debra Crew as interim chief executive after outgoing CEO Sir Ivan Menezes underwent emergency surgery on a stomach ulcer over the weekend.
Investors give Dr Martens a kicking after margin warning, profit slump
Shares in Dr Martens tanked on Thursday as the UK bootmaker posted a slump in annual earnings and said it expected lower core margins in 2024 as it incurred extra costs after blunders at its Los Angeles distribution centre.
German retail sales rise 0.8% in May
Retail sales in Germany climbed by 0. 8% month-to-month in April, partially reversing a 2. 4% decline in March, and slightly below consensus for a 1% increase, the Federal Statistics Office said on Thursday.