Fidelity Top Stories
IAG profits fly past pre-pandemic levels on strong leisure demand
British Airways owner IAG on Thursday more than doubled annual profit as demand continued to rebound from the effects of the Covid pandemic.
LSE expects progress in 2024, says outlook for IPOs ' encouraging'
The London Stock Exchange Group posted modest profit growth for the year just ended and sounded a confident note on the outlook, including for initial public offerings.
Serco sees lower revenue, profits up in 2024
Government contractor Serco said it expected slightly lower revenues this year and a 5% rise in profit as 2023 earnings rose 25%.
Howden profits fall 19% on weaker building market
Profits at Howden Joinery fell more than expected last year as a weaker DIY and housing market hit the bottom line.
Haleon sees higher sales in 2024 as FY profits come in flat
Consumer health firm Haleon on Thursday posted flat annual earnings and said it expected to grow revenue this year on higher demand.
US Q4 GDP growth revised a tad lower on less stockpiling
The American economy expanded at a slightly slower than expected pace at the end of 2023.
Taylor Wimpey sees fewer builds in 2024 as profits slump
UK housebuilder Taylor Wimpey said current trading was showing “some encouraging signs of improvement” but would still build fewer homes this year as 2023 profits almost halved on higher mortgage rates and weaker demand.
Croda warns on margins as profits slump on weak demand
British speciality chemicals maker Croda International on Tuesday warned of lower operating margins this year after posting a slump in 2023 profits due to customers destocking and a weak macroeconomic environment.
UK housebuilders face CMA probe over info sharing, home quality
Britain's competition watchdog has started an investigation into eight housebuilders over evidence they may have been sharing information which could be harming competition in the sector and influencing prices.
Serco ordered to cease using facial recognition on workers
UK government contractor Serco has been ordered to to stop using facial recognition technology to monitor the attendance of employees at leisure centres it operates.
Lloyds FY profit soars, puts aside £450m for motor finance probe
Lloyds Bank on Thursday reported a 57% jump in full-year profits and announced another £2bn share buyback, but also set aside £450m for the regulatory probe into UK motor financing.
Mondi profits fall on weaker demand, prices
Paper and packaging giant Mondi reported lower full-year profits on the back of weaker demand and lower prices, with the latter continuing into the first quarter of 2024.
HSBC shares fall as earnings miss forecasts on China exposure
Shares in HSBC fell on Wednesday as a record annual profits missed forecasts after it was forced to take a $3bn hit from its exposure to a Chinese bank.
BAE beats forecasts, sees 10% sales rise amid global tensions
BAE Systems reported better-than-expected full-year profits and said sales would grow further this year as the rise in geopolitical tensions drove increases in military spending by governments.
Barclays unveils massive overhaul as profits fall 6%
Barclays Bank unveiled a swathe of changes on Tuesday, including a structural overhaul of operations, £2bn in cost cuts and a massive increase in shareholder payouts as annual earnings fell by 6%.
BHP in massive nickel write-down after prices collapse
Annual profits at Australian mining giant BHP slumped after it took a massive hit on its nickel operations and the financial after-effects of the 2015 Samarco dam disaster in Brazil continued to dog the company.
Currys shares surge as Elliott, JD.com circle UK retailer
Shares in Currys surged more than 35% on Monday after US private equity firm Elliott Advisors and China ecommerce giant JD. com on Monday confirmed they were considering separate bids for struggling British electrical retailer.
US producer prices rise more quickly than anticipated in January
Wholesale prices in America rose more quickly than anticipated last month.
US consumer confidence steady in February
Consumer confidence in the U. S. was little changed in early February, albeit after two months of large gains, the results of a closely-followed survey revealed.
NatWest profits soar 20% as Thwaites confirmed in CEO post
Scandal-hit NatWest Bank reported a better-than-expected 20% rise in pre-tax profit and confirmed Paul Thwaite as chief executive on a permanent basis.