Fidelity Top Stories
BofA stays 'overweight' on France, Spain and Italy, upgrades UK
Equity strategists at Bank of America reiterated their 'overweight' stance towards French, Spanish and Italian stocks, telling clients, notwithstanding a possible setback in the States, the European recovery was proceeding more smoothly.
Inovio Pharmaceuticals's Covid-19 vaccine triggers immune response
Inovio Pharmaceuticals's experimental vaccine against the novel coronavirus was found to be safe in an early stage clinical trial and successfully induced an immune response in the majority of participants in the test.
Ex-UBS investment banker to be next head of Santander UK
The former head of UBS's investment banking operations in Britain will be the next chairman of Santander UK.
Wirecard's US unit up for sale
Troubled German payment outfit Wirecard's US unit has put itself on the auction block after ist parent company filed for insolvency on 27 June after approximately €1. 9bn (£1. 7bn) of cash on its books went missing.
Rotork warns on profits as orders, revenue slump
Industrial instruments maker Rotork on Tuesday warned on interim profits as the coronavirus pandemic hit demand for its products globally.
Redrow warns of full year profits hit as it scales back London ops
Housebuilder Redrow said annual profits would be “substantially” lower after scaling back its London operations and factoring in the impact of Covid-19.
Shell to write down assets by up to $22bn after review
Shell said it planned to write down the value of its assets by up to $22bn after lowering its outlook for oil and gas prices amid the Covid-19 pandemic.
UK GDP suffers biggest fall in 40 years amid Covid-19 crisis
The UK economy recorded its largest contraction in more than four decades, official figures revealed on Tuesday, as consumers cut spending in the first few days of the coronavirus lockdown.