Fidelity Top Stories
Philly Fed factory index is little changed in July
Manufacturing sector activity in the U. S. mid-Atlantic region was little changed in July, according to the results of a closely followed survey.
ECB's Visco says inflation may come down more quickly than anticipated
Euro area inflation may come down faster than the European Central Bank's predictions, the head of Italy's monetary authority.
Ocado shares surge as grocer swings to H1 profit
UK online supermarket Ocado held annual guidance after swinging to a core profit in its first half and said its retail earnings would be “marginally positive” for the full year.
Woodside flags delays cost blowout at Senegal development
Energy firm Woodside said its Sangomar development project in Senegal would be delayed after a cost blowout.
Wise holds guidance as Q1 on higher interest rates, customers
London-listed fintech firm Wise held annual guidance after reporting a rise in first-quarter revenue driven by higher customer numbers and interest rates.
J.P.Morgan reiterates 'underweight' on euro area stocks
Equity strategists at J. P. Morgan reiterated their 'underweight' stance towards Eurozone equities and sounded a "cautious" note on the outlook for China, a key driver of activity in the region.
China Q2 GDP misses expectations
China's second-quarter gross domestic product grew by 6. 3% year on year, missing expectations, according to official data published on Monday.
Citigroup shares slip despite Q2 results beat
Citigroup's quarterly results beat analysts' estimates, although poor showings in its markets and investment banking units.
US import prices were little changed in June
The cost of imported goods was little changed in June.
Consumer confidence jumps as inflation cools, jobs stable, University of Michigan says
Consumer sentiment in the U. S. hit a nearly two-year high in July, the results of a closely followed survey revealed.
Friday preview: U.S. Q2 bank results, consumer confidence in the spotlight
Investors' attention at the end of the week would be trained be on quarterly results due out from U. S. banking heavyweights Citigroup, J. P. Morgan, and Wells Fargo.
Domino's appoints Andrew Rennie as CEO
Domino's Pizza said it had appointed Andrew Rennie as chief executive officer with effect from August 7 2023.
Dr Martens makes strides on rectifying US issues, trading in line
UK bootmaker Dr Martens said progress had been made rectifying the US warehousing fiasco that led to a series of profit warnings, and trading since the start of the current financial year had been in line with expectations.
Watches of Switzerland posts big jump in full-year profit and sales
Watches of Switzerland posted a big increase in full-year sales and profits.
US CPI gains slow further in June
Cost of living increases in the States continued to ebb last month, including at the so-called 'core' level.
Bidding battle ensues for ICG unit With Intelligence
A takeover battle has ensued over With Intelligence, the provider of financial data to hedge funds.
EU gives green light to Broadcom VMware deal
EU competition authorities have approved US chipmaker Broadcom's proposed $61bn takeover of cloud computing firm VMware after offering up remedies for rival Marvell Technology.
Winkworth shares plunge after profit warning on weak housing sales
Shares in UK estate agent Winkworth plunged on Wednesday as the company issued a profit warning due to a slump in house sales.
US non-farm payrolls rise by 209,000 in June
Tightness in the US jobs market eased during the previous month, as companies took on the fewest workers since December 2020.
US job cut announcements halve in June, Challenger says
Layoff announcements in the States fell sharply last month with job cuts slowing especially sharply among automotive, entertainment and technology companies, the results of a closely followed survey showed.