Fidelity Top Stories
M&S sees FY in line as Christmas sales rise 8.1%
UK retailer Marks & Spencer said it expected to deliver annual results in line with expectations despite higher-than-expected cost increases as it reported an 8. 1% rise in sales over the key Christmas quarter driven by food revenue and womenswear.
Sainsbury's shares slide on guidance hold, weak merchandise sales
Shares in Sainsbury's fell on Wednesday after a broadly-upbeat Christmas trading update did not include any upgrade to full-year forecasts despite like-for-like sales at the UK supermarket chain rising 7. 4% in the key trading period.
Grifols threatens lawsuit against Gotham City over critical report
The row between Grifols and Gotham City Research intensified on Wednesday when the Spanish drug company said it would take legal action against the short-seller fund over a critical report that wiped billions from the firm's value on Tuesday.
Grifols board to meet as shares tank on Gotham City debt claims
Shares in Grifols plunged by almost a third on Tuesday after Hedge fund Gotham City Research alleged the Spanish drug company's debt ratios were much higher than officially reported, wiping billions off its stock market value.
Clarkson shares jump on guidance upgrade as broking drives Q4
Shares in Clarkson jumped on Friday after the Shipping services provider lifted annual guidance on a strong trading performance during the final quarter of 2023 driven by its broking division.
Next lifts profit guidance after £38m Christmas sales boost
UK fashion retailer Next lifted annual guidance for the fifth time in seven months after full-price sales came in a massive £38m more than expected during November and December, but warned that attacks on shipping in the Red Sea could cause supply delays.
Sunak sees election 'in second half of 2024'
UK Prime Minister Rishi Sunak said he expects a general election to take place in the second half of next year after weeks of speculation that he would call an early poll in May.