Fidelity Top Stories
Games Workshop shares surge as profit, revenues ahead of expectations
Shares in Games Workshop Group surged on Friday after the Warhammer maker said trading for the quarter to August 27 was ahead of expectations, driven by healthy growth across all channels.
US import prices edge past forecasts in August
The cost of imported goods in the U. S. rose roughly as expected last month, despite dearer prices for fuel.
US open: Stocks rise, helped by apparently stronger-than-expected data
Stocks were moving higher on Thursday despite a batch of fresh economic data that, at least on the surface, came in ahead of forecasts.
Trainline launches £50m buyback after strong first half
Online travel platform Trainline on Thursday launched a £50m share buyback as ticket sales grew by almost a quarter in the first six months of its financial year.
US consumer prices rise slightly more quickly than expected in August
The cost of living in the U. S. rose a tad more quickly than anticipated last month, driven higher by the cost of petrol and for auto insurance.
Redrow sees profit halving in 2024 as summer housing sales slump
UK housebuilder Redrow said it expected profits and revenue to halve next year as the housing market laboured amid higher borrowing and challenging conditions, with the company's weekly sales slumping over the summer.
DiscoverIE buys Slovakia's 2J Antennas for £45m
International customised electronics designer and maker discoverIE Group said it had bought Slovakia-based 2J Antennas Group (2J), for €52. 5m (£45m) on a debt free, cash free basis.
Global fund managers no longer 'extreme' bearish, BoA says
Fund managers around the world remained bearish in August for the most part, but were no longer "extreme" bearish, the results of a survey showed.
Dowlais holds guidance as GKN posts strong first half
GKN Automotive owner Dowlais Group held annual guidance after posting better-than-expected maiden interim profits, driven by strong margins and the growing push for electric vehicles.
Ithaca Energy to buy out Shell stake in Cambo field
UK oil and gas producer Ithaca Energy on Tuesday said it was buying the remaining 30% stake in the West Shetland Cambo field from Shell UK.
AB Foods lifts guidance again as Primark recovers
UK conglomerate Associated British Foods lifted annual guidance again boosted by recovery at its Primark retail chain and strong performance from food operations.
Germany economy slated to contract in 2023, says EC
The German economy is set to shrink this year as high inflation and rising interest rates as Europe's biggest economy goes into a prolonged recession, the European Commission said on Monday.
German August CPI eases to 6.1% but energy, food still surging
German inflation eased to 6. 1% in August - confirming initial readings - as elevated food and energy prices continued to outstrip the overall rate, according to official data released on Friday.
Berkeley holds guidance despite 35% slump in reservations
UK housebuilder Berkeley on Friday reaffirmed full-year earnings guidance but said private sales reservations were down 35% due to rising interest rates and political volatility.
Direct Line shares surge on 25% price hike, commercial lines sale
Shares in Direct Line Insurance Group surged on Thursday as the company slapped drivers with a 25% premium hike to improve operating profit next year while it also picked up £520m via the sale of its commercial lines business.
Direct Line faces £30m bill for overcharging customers
UK insurer Direct Line has agreed with regulators to review overcharging of existing motor and home policyholders in a move that could cost it £30m to fix.
German industrial production falls again in July as struggles continue
German industrial production fell again in July as manufacturing in Europe's largest economy continued its struggles to recover from high inflation and costs.
China exports fall for fourth month in a row
China exports fell for the fourth successive month in August as weak demand and persistent supply chain issues continued to dog the world’s second-largest economy in its efforts to rebound from the impacts of the Covid pandemic.
BAT signs deal to sell Russia, Belarus businesses
British American Tobacco on Thursday said it had finally signed a deal to sell its Russian and Belarusian businesses to a consortium led by local management.
US services sector activity slows further in August, S&P says
Services sector activity in the US slowed a tad more than anticipated during the previous month, the results of a survey showed.