Fidelity Top Stories
Weekly US jobless claims edge up
Jobless claims in the U. S. rose slightly during over the preceding week but continued to point to a tight jobs market.
US productivity grows quicker than expected in Q2, limiting labour cost increases
Faster-than-expected labour productivity in the U. S. over the three months to June, helped limit labour cost pressures.
BoE raises rates by 25bp, points out risks from wage growth
The Bank of England raised official short-term interest rates by 25 basis points and noted that some of the risks from more persistent inflationary pressures may have begun to crystallise.
UK services sector activity slows in July, S&P Global says
Activity in the UK services sector slowed down last month as expected amid "persistent" increases in input costs, the results of a closely followed survey revealed.
Hikma lifts guidance for generics business
Hikma Pharmaceuticals lifted annual revenue and margin guidance for its generics business as first-half core operating profit rose 35%.
Wizz Air swings to Q1 profit on soaring demand; Cuts H1 ASK guidance
Low-cost carrier Wizz Air swung to a first-quarter profit on the back of soaring demand for travel and record passenger numbers.
Rolls Royce delivers sharp rise in 1H revenues and profits
Rolls Royce was firing on all cylinders during the front half of 2023.
BAE lifts FY earnings guidance as Ukraine war drives demand
UK defence manufacturer BAE Systems on Wednesday lifted full-year guidance as the war in Ukraine led to increased demand for weapons, leaving the company with a record £66bn order book.
United Internet shares surge on Vodafone deal with 1&1
Shares in United Internet surged on Wednesday after its majority-owned German mobile and broadband provider 1&1 agreed agreed a deal for Vodafone to provide 5G coverage to its customers, in a move that would see it replace Telefonica Deutschland.
Virgin Money lifts bad debt provisions; Starts £175m buyback
UK bank Virgin Money on Wednesday said it had lifted provisions for bad debts as customers struggled to meet credit card payments amid the cost of living crisis, while also unveiling plans for a £175m share buyback this financial year.
Fitch cuts U.S. government debt rating from AAA to AA+
Fitch went ahead and downgraded the U. S. government's credit rating overnight, becoming the second agency to do so.
Ryanair, Wizz July passenger numbers soar on holiday demand
Low cost airlines Ryanair and Wizz both reported a sharp jump in passenger numbers for July on strong summer holiday demand.
Ibstock profits fall as housing market cools
Building materials supplier Ibstock reported a fall in first-half earnings as the housing market cooled due to higher mortgage costs.
Aston Martin raises fresh capital to deleverage and electrify
Aston Martin Lagonda raised fresh capital in a discounted share offering.
BP announces fresh share buyback, hikes interim dividend
BP announced a fresh share buyback programme and raised its dividend despite a sharp drop in first half profits.