Fidelity Top Stories
Mitchells & Butlers Q4 sales hit by wet weather, UK riots
UK's pub group Mitchells & Butlers on Thursday said fourth-quarter like-for-like sales slowed as riots in city centres and an unseasonably wet summer hit trade but added that it still expected to deliver annual results at the upper end of consensus expectations.
Raspberry Pi debuts with 55% profit jump; Shares surge
Low-cost micro computer maker Raspberry Pi posted better than-expected interim profit in its maiden results as a listed company, sending shares in the firm higher.
Next lifts profit guidance again to almost £1bn as sales soar
UK clothing retailer Next once again upgraded annual earnings guidance, with full year profits now expected to hit almost £1bn as recent full price sales “materially exceeded” forecasts.
Federal Reserve cuts rates by 'timely' 50bp, Bowman dissents
The US central bank surprised markets with a half percentage point interest rate cut.
Kingfisher shares jump as FY profit range tightened
Shares in Kingfisher surged on Tuesday as the B&Q owner lifted the lower end of full year profit guidance despite consumers avoiding ‘big ticket’ items and a sharp fall in sales at its French outlets.
TI Fluid shares surge as Canada's ABC Tech rebuffed twice
Shares in UK automotive parts supplier TI Fluid Systems soared by 15% on Monday as the company said it had rebuffed two approaches from Canada’s ABC Technologies over the past month.
UK's CMA says Vodafone/Three merger could lead to higher prices
Britain’s competition regulator on Friday said Vodafone and Hutchison Three’s £15bn merger could lead to higher prices for tens of millions of consumers and a “substantial" weakening of competition.
Ex-NY Fed chief Dudley says he'd go for 50bp cut on 18 September
A former top US central bank official said the size of the Federal Reserve's first interest rate cut in the current cycle was still up in the air.
US producer prices rise a tad more quickly than expected, core ahead of forecasts
Wholesale prices in the US increased a tad more slowly than anticipated last month, but a bit more quickly than expected at the core level.
US inflation undershoots forecasts in August, core CPI picks up
The rate of increase in the cost of living in the US slowed sharply last month, as food inflation slowed and energy prices fell.
Capital Economics ups end-2025 gold price forecast to $2,750/oz.
Capital Economics boosted its gold price forecast for the end of the following year, although it was expecting a bumpy ride.
Barratt, Lloyds Bank, Homes England form JV for large housing projects
Barratt Developments, UK government agency Homes England and Lloyds Bank have formed a joint venture master developer platform that will focus on large sites to deal with Britain’s housing shortfall.
US non-farm payrolls grow by 142,000 in August, miss forecasts
Job growth in the US picked up only a little in August.
Google abusing dominant position in online advertising - CMA
The UK competition watchdog has accused Alphabet’s Google of using its dominant position in digital advertising to hinder competition and favour its own services.
'Sell the rip' if US August payrolls print below 100,000, BoA's Hartnett says
A hard landing in the US is still most likely on the cards, a top-rated Bank of America strategist said.
Primark sees lower sales in H2 as wet UK summer hits footfall
Like‐for‐like sales at Primark were expected to fall by around 0. 5% in the second half of the financial year due to wet weather in the UK and Ireland which hit womenswear and footwear, said parent company Associated British Foods.
Asos shares surge on outlook, Topshop stake sale to Heartland
Shares in Asos surged by a fifth on Thursday as the troubled online fashion retailer said it was offloading 75% of the Topshop group as part of a joint venture deal with major shareholder, the Danish fashion billionaire Anders Holch Povlsen.
US layoff announcements surge in August, hiring plans at record low
There was a surge in layoff announcements at US companies last month, while hiring plans were at their lowest ebb ever recorded, the results of a survey revealed.
Barratt profits slump on weak demand, high mortgage rates
House builder Barratt reported a 75% plunge in annual profit, citing cost-of-living pressures, much higher mortgage rates and limited consumer confidence.
UK regulator approves BBVA purchase of Sabadell's TSB
The UK's Prudential Regulation Authority has green-lighted Spanish bank BBVA to take indirect control of Sabadell's British subsidiary TSB, BBVA said on Tuesday.