Fidelity Top Stories
SSP Group offers dividend reinvestment plan to save cash
Transport catering firm SSP Group offered shareholders the option of dividend reinvestment as it looked to raise more cash to weather the coronavirus crisis.
Mass US layoffs continue in May but pace slows substantially, ADP says
The US jobs market continued to reel in the wake of the Covid-19 pandemic last month, but by far less than feared, the results of a closely-watched survey showed.
Renewables use in US surpasses coal for first time in 130 years
Solar, wind and other renewable sources surpassed coal in energy generation in the United States in 2019 for the first time in over 130 years.
SMMT, govt in 'secret talks' on scrappage scheme
Britain's automotive industry has reportedly been in confidential talks with the government over a possible £1. 5bn scrappage scheme or “market stimulus package”.
Lufthansa warns of major restructure after €2bn Q1 loss
German flag carrier Lufthansa reported first quarter net losses of €2. 1bn (£1. 87bn) an warned of a major restructuring as it felt the initial impact of the coronavirus pandemic.
Wizz Air pulls current guidance as Covid crisis obscures visibility
Budget airline Wizz Air pulled current year profit guidance due to the impact of the coronavirus pandemic on international travel although it forecast a conditional rise in passenger numbers as the size of its its fleet grew.