Fidelity Top Stories
HSBC unveils $3bn buyback as profits rise in CEO Quinn's last results
HSBC on Wednesday said it would start a $3bn share buyback after the Asia-focused bank reported estimate-busting interim profits in its final set of results under chief executive Noel Quinn.
Airbus profits slump on massive space business writedown
European plane maker Airbus reported a steep fall in second-quarter profit after a massive write down of its space business of almost €1bn.
GSK lifts guidance as Q2 sales beat forecasts
UK pharmaceutical company GSK raised annual forecasts after better-than-expected second-quarter results, driven by a strong performance from its cancer and HIV treatments.
Bank of Japan lifts rates to 0.25%
Japan's central bank increased the cost of borrowing for only the second time in 17 years as it tried to tighten monetary policy in the world's fourth-largest economy.
Pfizer lifts outlook on strong Q2 sales
US pharma giant Pfizer lifted its full-year profit forecast on Tuesday after second-quarter sales of its Covid vaccine and antiviral treatment came in better than expected, along with contributions from new cancer treatments and sales of its heart disease drug.
Paragon holds guidance as volumes, margins perform
Paragon Bank confirmed full-year guidance as volumes margins and costs during the third quarter were in line with expectations.
Glencore to reveal decision on coal demerger next week
Commodities miner and trader Glencore held annual production guidance and said it would reveal whether a planned demerger of its coal and carbon steel assets would go ahead at interim results next week.
BHP, Lundin bid $3.25bn bid for Filo to expand copper presence
Australian Mining giant BHP rebounded from its failure to buy rival Anglo American and announced it would expand its copper interests in South America via a joint venture with Canada’s Lundin Mining which in turn would offer $3. 25bn to acquire Filo Corp.
Standard Chartered unveils $1.5bn share buyback as profits beat estimates
Asia-focused bank Standard Chartered on Tuesday unveiled its biggest-ever share buyback and lifted guidance as interim earnings beat estimates.
UK govt abandons NatWest share sale; to hold Budget Oct 30
The UK government has abandoned a plan to sell its remaining stake in NatWest Bank to the public, said Finance Minister Rachel Reeves, who added that she would hold deliver a Budget statement on October 30.
Cranswick holds guidance as Q1 revenues rise 6.7%
UK food producer Cranswick held annual guidance after first quarter revenue rose 6. 7% on the back of strong volume growth.
US personal incomes undershoot forecasts in June, inflation dips
Americans continued to spend at a steady pace in June while inflation slowed alongside.
UK car production falls in June as manufacturers retool
Automobile output in the UK fell in June as carmakers retooled lines to produce electrified models, a business lobby group said.
Bank of Canada cuts rates again
The Bank of Canada on Wednesday cut its key policy rate for the second month in a row, as expected, and said it would trim again if inflation continued to fall.
Greencore shares up as FY forecasts lifted
Shares in Greencore rose on Wednesday as the Ireland based convenience food company upgraded full-year earnings guidance as it reported a rise in revenue and continued improvement in profit conversion.
Euro area PMIs show private sector nearly stagnated in July
Activity in the euro area's private sector nearly stalled by surprise in July, the results of two closely followed surveys showed, with growth in France and Germany underperforming.
Fresnillo says on track to meet FY guidance
Gold and silver miner Fresnillo said it was on track to meet full year guidance after strong second quarter production.
Global IT systems crash after CrowdStrike update hits Microsoft
Thousands of businesses around the world were thrown into disarray on Friday after a software update from cybersecurity firm CrowdStrike led to Microsoft-run system crashes at airlines, banks, hospitals, media outlets and retailers.
Segro Europe JV sells Italian warehouses for €327m
A joint venture half-owned by SEGRO has sold a portfolio of logistics warehouses in Italy for €327m (£275m), the company said on Friday.
ECB keeps door open to September rate cut, but 'nothing predetermined'
Euro area monetary policy makers kept rates unchanged on Thursday while keeping the door open to a possible rate cut in September.