Fidelity Top Stories
US consumer confidence little changed in September, University of Michigan says
Confidence among U. S. consumers was little changed in September, final results from a closely followed survey showed.
US personal spending rises in August, core PCE prices undershoot slightly
American consumers continued spending at a steady clip last month with price pressures continuing to ebb alongside.
Future shares surge as annual guidance held despite 'mixed' markets
Shares in specialist media firm Future surged by more than 20% on Friday as it held annual earnings guidance despite volatile markets, and a warning that trading conditions remain mixed.
Euro area CPI eases sharply in September
The cost of living in the single currency bloc eased sharply in September.
Rathbones CFO to become chief of staff to support Investec Wealth transition
Rathbones chief financial officer Jennifer Mathias is stepping down at the end of the year to become group chief of staff to support the integration of Investec Wealth & Investment Limited (IW&I), the company said on Friday.
US jobless claims little changed during latest week
Jobless insurance claims numbers in the U. S. were little changed during the past week, possibly reflecting companies' continued efforts to retain workers.
Mitchells & Butlers sees FY at top end as cost pressures ease
Pub and restaurant chain Mitchells & Butlers said it expected full-year earnings would be at the top end of expectations after a strong rise in sales and easing of cost headwinds.
Morrisons CEO Potts to step down, replaced by former Carrefour boss
Supermarket chain Morrisons said David Potts was stepping down as chief executive after nine years in the role, to be replaced by former Carrefour boss Rami Baitiéh.
LandSec says demand holding up despite rising rates
Property developer Land Securities reported a rise in lettings over the first five months of the financial year as demand for office space held up, despite rising interest rates.
Flutter buys 51% stake in Serbia's MaxBet for €141m
Gambling company Flutter Entertainment said it had bought a 51% stake in Serbia's MaxBet for €141m (£123m), with an option to acquire the remaining 49% in 2029 based on performance.
US consumer confidence falls for a second straight month in September
Americans' short-term confidence fell back for a second consecutive month in September amid the recent increase in petrol prices and weakness in the stock market.
Rolls-Royce and EasyJet reach key milestone in development of hydrogen-powered engines
Rolls-Royce and EasyJet achieved a new milestone in their combined efforts to develop hydrogen-fueled engines.
Cussons holds guidance despite fall in FY profits
Personal care consumer goods maker PZ Cussons on Tuesday held annual guidance despite a fall in full-year profits as cost inflation and issues at its Nigerian operation continued to weigh.
Volumes, pricing drive 20% profit rise at Smiths
Engineering group Smiths hailed a 20% rise in annual operating profit, driven by volume growth and higher prices which offset the impact of inflation.
Entain shares slump after warning on Q3 net gaming revenue
Shares in Ladbrokes owner Entain slumped on Monday as it said third-quarter net gaming revenue (NGR) would be down by by high single-digit percent, driven by adverse sporting results during September, tighter gambling regulation and weaker growth in Australia and Italy.
Aviva buys AIG's UK protection business for £460m
British insurer Aviva on Monday said it had bought AIG's UK protection business for £460m.
Rathbones deal, higher interest rates boost Investec H1
Investec on Friday said it expected to post higher earnings for the first half of the year, boosted by the now-completed merger of its UK wealth and investment business with Rathbones, higher global interest rates and growth in average lending books.
BoA stays negative on European equities, sees 15% downside for Stoxx 600
Equity strategists at Bank of America sounded a pessimistic note on the outlook for European equities now that the European Central Bank was likely done hiking rates.
Frasers tries to drag Morgan Stanley boss into margin call legal fight
Mike Ashley's Frasers Group on Friday confirmed it had asked a New York court to order Morgan Stanley chief executive James Gorman to hand over evidence for a UK lawsuit against the bank over an almost $1bn margin call covering trades in Hugo Boss.
BoJ holds rates steady again
The Bank of Japan left its monetary policy unchanged on Friday with rates left at -0. 1%, in line with expectations.