Fidelity Top Stories
Sondrel shares plunge on payment delay; Staff asked to defer wages
Shares in Sondrel plunged by more than a third on Thursday after the UK semiconductor designer asked staff to defer wages, because of a contract payment delay.
AstraZeneca to buy Gracell Technologies for $1.2bn
AstraZeneca on Wednesday said it was buying Gracell Biotechnologies, a global clinical-stage biopharmaceutical company developing cell therapies for the treatment of cancer and autoimmune diseases, for $1. 2bn.
Petrofac shares surge after contract deal with TenneT
Shares in Petrofac surged on Wednesday after the oilfield services company said it had secured performance guarantee for the first contract awarded under its agreement with Dutch electricity company TenneT.
Hipgnosis delays interim results on valuation concerns
Music rights investor Hipgnosis Songs Fund has delayed publication of its interim results - which were due on Tuesday - as the board expressed concerns about the value of the company's assets following two sales at steep discounts.
US retail sales rise unexpectedly in November
Retail sales in the U. S. increased moderately last month led by purchases of motor vehicles and parts, as well as at non-store retailers.
Currys holds guidance as sales fall 4% in tough climate
Electrical retailer Currys held annual guidance as interim losses narrowed and its Nordics unit reported an improvement in gross margins, although sales fell 4% as consumers cut back on discretionary spending.
Walgreens reheats plan to offload Boots with IPO an option - report
US pharmacy giant Walgreen Boots Alliance is reportedly reheating plans to dump its UK chain Boots, with a potential London listing among the options.
UK rail station caterers 'charging 10% premium' for food - ORR
Britain's railway station catering market is uncompetitive, stifling investment in stations and forcing passengers to at least 10% more for their sausage rolls and coffees, the industry regulator said on Tuesday.
US CPI ticks lower to 3.1% year-on-year in November
The cost of living in the U. S. drifted a tad lower in November amid another decline in energy prices.
China CPI falls at fastest rate in 3 years
China’s consumer prices fell at the fastest rate in three years in November, according to data published over the weekend.
Tui mulls listing move to Germany from UK; Sees 25% profit jump
Travel giant Tui said it would ask shareholders to approve a move of its stock market listing to Frankfurt from London as it also forecast a 25% rise in operating profit this year after 2023 earnings more than doubled on the back of strong demand.
Rio Tinto sees Guinea mine production starting 2025
Anglo Australian mining giant Rio Tinto said it expected to start production from the Simandou iron ore joint venture in Guinea in 2025.
Ashtead delivers flat Q2 profit but says US demand remains 'robust'
Equipment hire specialist Ashtead delivered flat second quarter profits on Tuesday, but said demand in the US remained “robust”.
Moodys cuts China credit outlook to negative on debt concerns
Moody’s has cut its outlook for China’s government bonds to negative from stable as the credit rating agency Moody expressed worries the country’s rising debts and slowing economy.
Australia central bank holds rates steady
Australia’s central bank on Tuesday held rates steady as expected after a lifting them to a 12-year high last month.
SSP reinstates dividend as FY profits surge on passenger revival
International food and beverage travel outlet operator SSP Group on Tuesday reinstated its dividend as it reported a near doubling of annual core profits, driven by the continued resurgence in passenger numbers and workers returning to work in offices.
UK retail sales growth underwhelms as cost-of-living crisis hits Christmas spending
UK retail sales grew by an underwhelming amount in November despite shops stepping up their discounts leading up to Black Friday, data from KPMG and the British Retail Consortium showed on Tuesday, as cautious consumers chose to delay their Christmas spending.