Fidelity Top Stories
Anglo American cuts coal guidance after Australia fire
Anglo American on Thursday held annual copper and iron ore production guidance unchanged after a second-quarter update, but cut steelmaking coal output forecasts after a fire at its Grosvenor mine in Australia last month.
IDS Q1 revenues rise 8.4% on strong parcel demand, UK postal votes
Royal Mail owner International Distribution Services said first-quarter revenues rose 8. 2% driven by strong parcel demand and more postal votes during the recent UK general election.
US industrial production jumps in June, led by output from utilities
Industrial production in the States jumped in June, led by a surge in output from utilities.
Ocado shares surge on guidance upgrade, narrow losses
Shares in Ocado surged on Tuesday after the online grocer and technology company reported narrower interim losses and lifted full-year guidance as revenue grew across all its divisions.
Burberry shares tank as CEO ousted, profit warning issued, divi axed
Shares in luxury goods maker Burberry on Monday slumped by double-digits as the company ousted its chief executive, suspended dividend payments and issued a profits warning after weak global demand battered first-quarter sales.
UK water consumers slapped with 21% price hike by Ofwat
Britain’s long-suffering water customers will see bills rise by 21% over the next five years amid a continuing sewage pollution crisis, water regulator Ofwat said on Thursday, adding that it had put Thames Water into special measures over its poor performance.
UK's Starmer appoints Cabinet; Reeves becomes Finance Minister
New British Prime Minister Keir Starmer swiftly appointed the members of his Cabinet after crushing the Conservative Party in Thursday’s General Election.
SSP shares surge as Q3 sales rise on strong travel recovery
Shares in SSP Group surged by 11% on Wednesday as the airport and train station food outlet operator held annual guidance after third quarter sales rose 16%, driven by increasing demand for leisure travel.
BP warns on refining margins, will take up to $2bn impairment hit
BP said it would take a hit of up to $2bn in the second quarter relating to asset impairments along with a hit to margins and lower profits from oil trading.
Grifols shares surge on report Grifols family, Brookfield eyeing €5.5bn bid
Shares in Grifols surged on Monday after a newspaper report stated descendants of the founding family and Canadian fund Brookfield were in talks to launch a takeover bid for the Spanish drugmaker that could be worth around €5. 5bn (£4. 64bn).
Boeing to plead guilty to criminal fraud over 737 Max crashes in deal with DoJ
Troubled aircraft maker Boeing on Sunday pleaded guilty to a felony charge of conspiring to defraud the US government over two fatal crashes of its 737 Max in 2018 and 2019, according to a late-night court filing.
Britvic agrees to Carlsberg's sweetened £3.3bn offer
Danish brewing giant Carlsberg on Monday said it had reached a deal to buy UK soft drinks maker Britvic for £3. 3bn after two previous bids were rejected.
UK election: Labour in landslide as Tories wiped out
Britain’s Labour Party, led by Keir Starmer, swept to power after the ruling Conservative Party was booted from office in a humiliating defeat - the worst in its history.
Bitcoin drops as Mt.Gox starts reimbursing victims of 2014 hack
Bitcoin prices were attempting to clamber back following a sharp drop overnight after Mt. Gox began repaying some of the investors whose accounts were hacked in 2014.
US payrolls undershoot forecasts by wide margin on revisions
Hiring and wage growth in the US eased as expected last month, but after a much faster-than-expected slowdown over the previous two months.
Spectris buys US-based SciAps for up to $260m
UK precision instrument maker Spectris on Thursday said it was buying US-based SciAps for up to $260m (£205m).
US services sector activity shrinks very sharply in June, ISM says
Services sector activity in the US slowed very sharply last month, a closely followed survey showed.
Vodafone in new network tie-up with Virgin Media O2
Vodafone UK and Virgin Media O2 have agreed to extend and enhance their existing mobile network sharing agreement for more than a decade, forming a new company that will invest £11bn in the project.