Fidelity Top Stories
UK quarantine rules start amid row as airlines start legal action
The UK's contentious 14-day coronavirus quarantine rules took effect on Monday as three major airlines started legal action to have the measures overturned, claiming they were illogical.
BAT warns of Covid-19 sales hit but commits to dividend payout
British American Tobacco lowered full year guidance as coronavirus travel bans and lockdowns in South Africa, Mexico and Argentina hammered sales.
JP Morgan stays at overweight on AstraZeneca following merger rumours
JP Morgan has reiterated its ‘overweight’ rating on AstraZeneca, following reports that the drugs manufacturer was mulling a possible merger with US rival Gilead Sciences.
Opec+ extends production curbs for third month
The Organisation of Petroleum Exporting Countries and its allies have extended their historic production curbs for another month, following a meeting over the weekend.
BP plans to cut 14% of workforce
BP announced plans on Monday to move ahead with plans to slash its global workforce by 14. 3% to make the organisation more "integrated, flatter and smaller" as it shifts from oil and gas to renewable sources of energy.
Pub beer gardens could reopen on June 22 - report
Pub beer gardens and terraces could reportedly reopen on June 22 under plans to save the beleaguered leisure sector from massive job losses amid the coronavirus crisis.
FRC ends probe into £250m Tesco accounts scandal
Britain's auditing regulator said it had closed a five-year probe into Tesco staff involved in an accounting scandal that overstated profits by £250m.
Chinese imports slump as Covid-19 continues to weigh heavily
China’s economy continued to struggle in May as the Covid-19 pandemic caused global demand to slump and weighed heavily on imports.
Ryanair will not cancel flights despite 'rubbish' UK quarantine
Ryanair CEO Michael O’Leary said that the airline will not cancel flights to and from the United Kingdom despite the government’s measure to implement a 14-day quarantine for international travellers.
Morrisons extends immediate payments to small suppliers
Supermarket chain Morrisons said it was extending immediate payments to its 3,000 smaller suppliers until September to help them through the ongoing coronavirus pandemic.