Fidelity Top Stories
Lufthansa warns of threat to €9bn rescue deal
German flag carrier Lufthansa warned its €9bn bailout could be at risk after its largest single shareholder attacked the deal ahead of a crucial investor vote next week.
Biden widens lead over Trump in latest Reuters/Ipsos poll
Presumptive Democratic party presidential hopeful, Joe Biden, widened his lead over rival Donald Trump to 13 points, his biggest advantage thus far in 2020, according to a poll published on Wednesday.
Commerzbank hit with £37m fine over money laundering failures
Commerzbank's London branch has been slapped with a £37. 8m fine by UK regulators for failing to implement satisfactory anti-money laundering (AML) systems and controls between October 2012 and September 2017.
'Frugal Four' call for EU reconstruction fund to be based on loans
Leaders in Austria, Denmark, Holland and Sweden have called for all spending tied to a proposed economic reconstruction fund for the European Union to be 'responsible' and financed via debt, instead of grants.
Curevac Covid-19 vaccine could get regulatory thumbs-up by mid-2021
German biotechnology outfit CureVac has clinched approval to begin human trials of its Covid-19 vaccine candidate, although even in the best of cases a request for regulatory approval is not expected until early 2021.
HSBC to resume 35,000 job cuts
HSBC has restarted a plan to cut 35,000 jobs that the bank shelved in the early stages of the Covid-19 crisis, according to a report.
Beijing restricts movement again to curb coronavirus outbreak
Beijing is once again shutting down public transport, cancelling flights and closing some schools as authorities attempt to control a new outbreak of the novel coronavirus in the city.
Kingfisher sales rise 22% as lockdowns ease
DIY retail group Kingfisher pulled current year guidance but said second quarter like-for-like sales to June 13 rose 21. 8% as coronavirus lockdowns were eased across Europe.
William Hill raises £224m to boost balance sheet
William Hill raised £224m in a discounted stock sale as it looked to bolster its balance sheet and cash in on the growing US market.
De La Rue to raise £100m, cease Gateshead printing
Banknote printer De La Rue said it was raising £100m and axing jobs at its Gateshead plant in England after losing the contract to produce UK passports after Brexit.