Fidelity Top Stories
Novavax begins trialling Covid-19 vaccine in Australia
Biotechnology firm Novavax has begun trialling a Covid-19 vaccine candidate in Australia as it hopes to release a proven vaccine by the end of 2020.
Asia report: Shares higher on post Covid recovery hopes
Asian shares closed higher on Tuesday, ignoring the threat of more political instability on Hong Kong as investors eyed the first human trials of a coronavirus vaccine by pharma firm Novavax.
Aston Martin confirms exit of CEO Palmer
Luxury car maker Aston Martin confirmed the departure of chief executive Andy Palmer and his replacement by Mercedes-AMG boss Tobias Moers.
Fauci predicts US could have vaccine by end of 2020
Top White House health expert Anthony Fauci is confident that the US could begin to roll out a coronavirus vaccine by December.
Oxford University enrolling 10,260 more volunteers for late stage Covid-19 vaccine trials
Oxford University and its partnership institutions have begun enrolling volunteers across Britain in the next phase of clinical trials for its vaccine against Covid-19.
Government extends mortgage payment holiday until October
The government's mortgage payment holiday scheme has been extended for three months, it was announced on Friday.
Stelios to ask board if easyJet is a going concern
EasyJet's founder Stelios Haji-Ioannou will ask the board whether the airline is a going concern and how many of its shares are controlled by Airbus at a shareholder meeting on Friday.
Philly Fed index continued to drop at accelerate pace in May, details stronger
Factory activity in the US mid-Atlantic region continued to shrink at extraordinarily sharp pace in May, the results of a closely-followed survey revealed.
UK manufacturing output slumps at historic pace in May - CBI
UK manufacturing output slumped at a record pace in May, the CBI reported on Thursday, as the Covid-19 pandemic continued to batter the British economy.
Lufthansa in advanced talks on €9bn Covid state bailout
Lufthansa said it was in advanced talks with the German government over a €9bn £8. 07bn Covid-19 bailout that would give the state 20% in of the cash-strapped airline.
Whitbread in £1bn rights issue, warns on 2021 profits
Pub and hotel operator Whitbread said it was raising £1bn in a rights issue to bolster its balance sheet against the impact of the coronavirus pandemic as it warned of a potential loss in 2021.
AstraZeneca gearing up to deliver Covid vaccine from September
AstraZeneca said on Thursday that it is collaborating with a number of countries and multilateral organisations to make the University of Oxford's vaccine “widely accessible” in an equitable way, having concluded the first agreements for at least 400 million doses.
Covid-19 continues to weigh heavily on UK economy - survey
The UK's private sector struggled in May, a widely-watched survey published on Thursday found, as Covid-19 lockdown measures weighed heavily on the economy.
Crispin Odey says governments could ban private gold ownership
Crispin Odey, one of Europe's most prominent hedge fund managers, has said governments might ban private ownership of gold if inflation runs out of control after the Covid-19 crisis.
China takes stake in Norwegian Air after restructure deal
The Chinese government emerged as a shareholder in troubled budget carrier Norwegian Air following a debt restructuring and credit guarantee deal agreed on Wednesday.
Marks & Spencer profits slump as Covid crisis hits clothing sales
UK retailer Marks & Spencer said annual year profits fell by a fifth as it felt the early impact of the Covid-19 pandemic, adding that it would speed up restructuring plans.
William Hill set for £150m windfall over VAT ruling on FOBTs
Bookmaker William Hill said it could receive a windfall of up to £150m after the industry won a challenge over sales tax on controversial fixed-odds machines in betting shops.
Report criticises lack of detailed data from Moderna's Covid-19 vaccine trial
Shares of Moderna Therapeutics finished sharply lower after "several vaccine experts" cast doubt on the company's claim that its Covid-19 vaccine candidate had generated a significant immune response in a small sample of patients.
Imperial Brands slashes dividend by 33%, sees Covid-19 hit in H2
Tobacco giant Imperial Brands on Tuesday slashed its dividend by more than a third as it tried to speed up debt reduction and warned of a Covid-19-related hit in the second half.
UK govt expands Covid-19 loan scheme to £200m
The UK Treasury on Tuesday extended the size of loans available to larger businesses affected by the coronavirus pandemic.