Fidelity Top Stories
Harland & Wolff hits back at 'misleading' report over possible closure
UK shipbuilder Harland & Wolff has dismissed "misleading and inaccurate" suggestions that it could close after a newspaper report stated the government was about to block a financial support package to keep the Belfast firm afloat.
US personal income and spending ease in April, core PCE prices slow
Americans reined in their spending a tad during the previous month, even as price pressures ebbed a smidgen.
JD Sports shares slump as Q1 sales fall amid 'volatile' market
Shares in JD Sports Fashion fell sharply on Friday despite the company holding annual guidance amid a "volatile" market as it said group current-year first-quarter like-for-like sales were down 0. 7% and 6. 4% in the UK.
Flutter shares dive as CFO departs, listing shifts to US
Shares in Flutter Entertainment nosedived on Friday as the gambling outfit said finance chief Paul Edgecliffe-Johnson would leave the company with immediate effect as it shifted its listing to the US.
Dr Martens shares up on guidance hold, £25m savings plan
Shares in Dr Martens jumped as investors breathed a sigh of relief that trading at the troubled bootmaker had not gotten any worse since a profit warning last month, with guidance held and a new £25m cost-cutting plan offsetting a slump in annual revenue and operating profit as its US woes continued.
Coats appoints former GKN Aerospace boss as CEO
Industrial thread and global footwear parts maker Coats on Thursday said it had appointed former GKN Aerospace boss David Paja as its chief executive, replacing Rajiv Sharma who has decided to step down after eight years in the role.
Czech's in the post as Kretinsky strikes £5.3bn deal for Royal Mail
Royal Mail owner International Distribution Services on Wednesday said it had reached agreement with Czech billionaire Daniel Kretinsky on a takeover worth up to £5. 3bn for the 500-year-old company.
Ithaca appoints ENI's Luciano Vasques CEO as Q1 profits fall
North Sea oil and gas explorer Ithaca Energy on Tuesday said it had appointed ENI executive Luciano Vasques as chief executive officer following its £750m deal to buy almost all of the Italian firm’s UK assets and reported a fall in first-quarter profits on weaker gas prices and lower production.
Reeves rules out snap budget if Labour wins election
UK Labour Party shadow finance minister Rachel Reeves said there would be no emergency budget statement this summer if her party won the general election on July 4 and also ruled out further tax rises beyond what had been outlined already.
US durable goods orders rise unexpectedly in April
Durable goods orders in the US rose unexpectedly in April, but on the back of a sharp downwards revision to the prior month's figures.
Wood Group rejects new 220p-a-share offer from Sidara
Wood Group said it had rejected a third unsolicited £1. 52bn takeover proposal from rival Dubai-based engineering and consulting company Sidara, saying it continued to “significantly undervalue” the group and its prospects.
Ryanair sees softer summer fares as profits take off
Budget airline Ryanair on Monday reported higher annual profits but warned that summer airfares would be softer than anticipated.
Hilton Food sees trading in line despite tough environment
Hilton Food said trading in the year to date had been in line with expectations, with volumes and sales ahead of last year despite a challenging economic environment and lower raw materials prices in some of its markets.
China moves to spark housing market with offer to buy empty homes
The Chinese central bank moved again to help the struggling property sector on Friday by relaxing lending rules and offering to buy commercial real estate, as data showed house prices in major cities fell last month.
Sirius Real Estate raises €59.9m in bond tap for acquisitions
Business park owner Sirius Real Estate said it had raised €59. 9m through a bond note issue to fund a “significant pipeline” of potential acquisitions.
Philly Fed index declines amid drop in new orders
Factory activity in the US mid-Atlantic region slowed a tad more than expected in May, the results of a closely-followed survey revealed.
Watches of Switzerland shares surge on 'cautiously optimistic' outlook, Q4 sales
Shares in Watches of Switzerland surged 15% on Thursday as the luxury timepiece retailer said it was “cautiously optimistic” about future trading after a 4% rise in sales in the final quarter of its financial year driven by a strong performance in the US.
Vistry lifts housebuilding target as forward sales surge
Vistry lifted its annual homebuilding target to more than 18,000 driven by a 10% year-on-year rise in forward sales.
Keller shares surge after earnings upgrade
Shares in Keller surged by 20% after the geotechnical engineer said its annual earnings would be "materially ahead" of expectations after a strong performance in the first four months of the year.
Hunting sees FY at top end after $145m Kuwait deal boosts order book
Global engineer Hunting said full-year earnings would be at the upper end of expectations after winning a $145m order with the Kuwait Oil Company.