Fidelity Top Stories
UK retail sales rise 0.4% in August after wet July
UK retail sales rebounded in August from the rain affected prior month, rising 0. 4% on the back of strong food and clothing purchases by consumers, according to official data published on Friday.
UK consumer confidence continues to build
UK consumer confidence pushed higher in September, a long-running survey showed on Friday.
US existing home sales dip in August
Home selling activity in the U. S. slowed a bit further last month.
Next lifts annual profit guidance again after strong summer sales
UK fashion retailer Next on Thursday lifted full-year guidance for the third time in four months after better-than-expected summer sales and said inflationary pressures should ease next year.
Murdoch steps down as chair of Fox and News Corp
Rupert Murdoch is to step down as chair of Fox and News Corporation, it was officially announced on Thursday, with the 92-year-old media empire owner becoming "chair emeritus", leaving the way open for his son Lachlan to take over the reins.
JD Sports surges on FY outlook as demand for trainers stays strong
Shares in JD Sports Fashion surged as the UK sportswear retailer said it was on track to deliver a 5% rise in annual profit after interim earnings rose by more than a quarter, driven by resilient sales of trainers and athletic leisurewear amid the cost-of-living crisis.
Rise in UK borrowing limits Hunt's scope for tax cuts
Britain's budget deficit in August was slightly higher than expected, according to official data published on Thursday, meaning Finance Minister Jeremy Hunt will have less scope for tax cuts ahead of the General Election.
Elementis shares surge as Franklin sale demand rebuffed
Shares in UK chemicals group Elementis on Wednesday surged as the company rejected a demand by major shareholder Franklin Mutual Advisers to sell the company.
Fed stays put on rates, leaves door open to a further hike
The Federal Reserve stood pat on interest rates, even as it left the door open to a further interest rate hike before the year was out.
Finsbury Food shares surge on sale to DBAY
Shares in Finsbury Food Group surged by a fifth on Wednesday after agreeing to a £143. 4m takeover by asset management firm DBAY.
Dunelm sees higher earnings in 2024 as annual profits fall 7.8%
UK homewares retailer Dunelm reported a 7. 8% fall in annual profits as hard-pressed shoppers reined in spending amid the cost-of-living crisis, but expects earnings growth this year on higher volumes.
Ocado holds guidance as Q3 retail sales rise 7.2%
Online grocer and technology company Ocado maintained annual guidance after a 7. 2% rise in third-quarter retail revenues.
US housing starts drop by more than expected in August
Homebuilding activity in the States fell sharply last month, although a key lead indicator pointed to somewhat more buoyant conditions in coming months.
Moonpig holds guidance amid challenging conditions
Greeting card maker Moonpig on Tuesday reiterated half-year revenue guidance as trading remained in line with expectations.
Tui holds annual outlook on strong bookings, higher prices
Travel giant Tui on Tuesday held annual guidance on the back of a strong summer and solid bookings for this winter, underpinned by higher prices and despite extreme weather such as wildfires and floods in Europe.
Shares in S4 Capital tank as guidance lowered again, 500 jobs axed
Shares in Martin Sorrell's S4 Capital tanked by almost a third on Monday as the digital advertising agency cut full-year earnings guidance again and axed 500 jobs as clients pull spending over recession fears.
Pendragon sells UK motor, leasing arm for £250m
Car dealership operator Pendragon on Monday said it was selling its UK motor and leasing business to US firm Lithia for £250m.
Mondi signs €775m deal to complete Russia exit
Paper and packaging group Mondi said it had sold its last remaining facility in Russia to Sezar Invest for 80bn roubles (€775m).
Subdued August weighs on UK house prices
A subdued August left UK house prices largely unchanged, industry research showed on Monday.
US consumer confidence dips, inflation expectations decline, University of Michigan says
Consumer sentiment in the U. S. was little changed in early September, but expectations for the economy and inflation did improve, the results of a closely followed survey showed.