Fidelity Top Stories
Hipgnosis shares surge on $1.4bn Concord Chorus offer
Shares in troubled Hipgnosis Songs Fund rocketed by a third on Thursday after the music rights investor said it had agreed a $1. 4bn takeover by US-based Concord Chorus, a music and theatrical rights firm, in attempt to end months of infighting over the company's leadership and secure its future.
Centamin production dips, reiterates 2024 cost and output guidance
Centamin reported a temporary slight decline in production and higher unit costs, but reaffirmed its full-year cost and output guidance.
Asos losses widen, sales fall in first half but stock cuts ahead of target
Half-year losses at UK online fast-fashion retailer Asos have widened as it continued to deal with competition from Chinese rival Shein, but said it was ahead of target on shifting the mountain of excess stock it built up during the Covid pandemic.
Easyjet suspends flights to Israel until October
Budget carrier easyJet on Tuesday said it had suspended flights to Tel Aviv until October 27 after Iran's missile and drone attack against Israel on Saturday night.
Dr Martens shares plunge 30% as CEO goes amid bleak profit outlook
Dr Martens shares slumped by a third on Tuesday as the UK bootmaker said chief executive Kenny Wilson would step down and issued another profit warning for the current financial year amid continuing woes in its key US market.
UK unemployment rate rises to 4.2%; Wages up 6%
The UK's unemployment rate rose by 4. 2%, official data revealed on Tuesday, with the number of people classed as "economically inactive" on the rise while employers started to cut back on hirings.
US retail sales grow by more than twice as much as expected in March
Retail sales in the U. S. grew more than twice as quickly as expected last month amid big increases at non-store retailers and for gasoline.
US consumer confidence little changed in April, price expectations tick up, University of Michigan says
Consumer confidence in the U. S. was little changed at the start of April.
ECB stands pat, but says June projections may justify cuts
Rate-setters in Frankfurt stood pat on rates on Thursday, but said that it would be correct to lower interest rates if its next set of projections, in June, increased their confidence that inflation was headed lower.
US jobless claims decline by more than expected
America's labour market remained tight during the latest week.
US CPI rises a tad more quickly than expected in March
The cost of living in the U. S. rose by more than expected last month amid gains in the cost of energy, clothing and medical care services.
US non-farm payrolls jump past forecasts in March
The U. S. economy generated far more jobs than anticipated during the previous month.
Initial weekly US jobless claims rise moderately
The U. S. jobs market remained tight during the previous week, although the Easter break may have distorted the latest figures.
US services activity dips in March, alongside slower price gains, ISM says
Activity levels in U. S. services failed to pick up last month as anticipated by economists, the results of a closely-followed survey showed.
Superdry tanks as CEO decides against rescue bid
Shares in Superdry tanked by more than half on Tuesday after the struggling fashion retailer revealed that chief executive Julian Dunkerton had decided against making an offer for company.
UK factory activity expands in March for the first time since mid-2022
Factory sector activity expanded last month for the first time since July 2022, according to the results of a closely followed survey.
UK house prices dip unexpectedly in March, Nationwide says
House price inflation in the U. K. ebbed unexpectedly last month, the results of a closely followed survey revealed.