Fidelity Top Stories
Energean ditches sale of Edison UK, Norway assets
Energean Oil & Gas said it had terminated a £225m deal to sell the UK and Norwegian assets it acquired from Italy's Edison last year.
UK approves testing for all over-fives
UK Secretary of State Matt Hancock announced on Monday that everyone in the UK aged five or over and with coronavirus symptoms can be tested.
CMA calls for new powers to curb profiteering
The UK competition watchdog has asked the government to consider bringing in emergency powers to help it successfully tackle profiteering during the Covid-19 pandemic.
German economic output to fall further, warns Bundesbank
German economic output will be “significantly” lower in the second quarter, the country’s central bank warned on Monday, despite the easing of some lockdown measures.
Sorrento Therapeutics shares rocket again after Covid-19 pre-clinical trial
Stock in Sorrento Therapeutics is pushing higher on the back of the positive pre-clinical trial results announced last Friday for its STI-1499 antibody against Covid-19.
Household finances under pressure as Covid-19 hits incomes - survey
Household finances remained under severe pressure in May, a survey showed on Monday, as income from employment fell at the fastest rate on record.
Federal Reserve chairman reiterates that more government support may be needed
Federal Reserve chairman Jerome Powell doubled down on a previous call for further government economic support.
Ryanair sees €200m first quarter loss from Covid-19 groundings
Budget carrier Ryanair said coronavirus travel bans would lead to a €200m first quarter loss as it pulled guidance for 2021.
Pound drops after chief UK trade negotiator says Brexit deal may not be reached
The UK and the European Union may not be able to reach an agreement on Brexit if Brussels insists on new and unbalanced approach based on requiring "a level playing field", the country's top negotiator said.
Royal Mail CEO in shock departure as Covid-19 hits April revenue
Royal Mail chief executive Rico Back inexplicably quit on Friday after less than two years in the top job as the company reported a £22m fall in April revenues due to the Covid-19 crisis.
Ryanair axes more than 250 jobs amid Covid-19 crisis
Budget airline Ryanair said it had axed more than 250 office jobs across four countries and said it would advise on more job and pay cuts by the end of the month as it dealt with the impact of the coronavirus pandemic.
William Hill bets on H2 shop openings as revenues slump 57%
Bookmaker William Hill said it was planning a phased re-opening of its UK betting shops in the second half as it reported a slump in sales during the coronavirus crisis.
Government spending to soar as furlough scheme is extended - OBR
Government plans to support workers and businesses through the Covid-19 outbreak could cost more than £123bn, the budget watchdog said on Thursday, after the furlough scheme was extended until the end of October.
Weekly US jobless claims fall by less than expected
Significantly more jobs were lost in the US during the previous week than economists had anticipated.
Federal Reserve's Powell calls for government action to prevent long-term scarring
The head of America's central bank said that further fiscal support for the economy may be needed in order to avoid the long-term scarring that a recession as deep as the current one may leave on the economic fabric of the country.
EU Commission lays out guidelines for reopening borders
Brussels is calling for European Union member states to gradually lift restrictions on the freedom of movement, including measures - such as quarantines - for the ailing airline industry.
TUI to axe 8,000 jobs as Q2 losses widen on Covid-19 impact
Holiday operator TUI said it would axe up to 8,000 jobs and make permanent cost cuts as it called the Covid-19 pandemic "unquestionably the greatest crisis the industry has ever faced".
Marshalls says 400 jobs under threat in Covid-19 restructure
Concrete and landscaping specialist Marshalls said up to 400 jobs were under threat due to the coronavirus pandemic as it looked to restructure operations with some site closures.
UK furlough scheme extended until end of October
The Chancellor of the Exchequer has extended the Coronavirus Job Retention Scheme until the autumn, it was announced on Tuesday.
Vodafone keeps dividend, scraps guidance as FY earnings rise
Mobile phone network operator Vodafone confirmed its dividend but pulled guidance for 2021 due to coronavirus uncertainties as full year core earnings rose 2. 6% to €14. 9bn.