Fidelity Top Stories
EasyJet raises cash to guard against renewed grounding, slow recovery
EasyJet has annunced that it will raise more cash in order to increase its liquidity and to guard against the risk of being forced to ground its fleet of aircraft again or that the recovery in demand might take longer than foreseen.
Washington prepares to place tariffs on $3.1bn of EU exports
Washington is weighing imposing tariffs on $3. 1bn-worth of exports from France, Germany, Spain and the UK.
UK airports warn of 20,000 job losses, call for end to quarantine
UK airports face up to 20,000 job losses as the sector faced a significant decline in passenger numbers post-Covid 19, the industry body warned on Wednesday as it called for government help.
Petrofac reports $6.4bn order backlog; warns of engineering hit
Oilfield services firm Petrofac said its group order backlog fell 13% at the end of May as it warned of a significant impact on its engineering division from the coronavirus pandemic.
Wetherspoon confirms £48m Covid loan ahead of July 4 reopening
Pub group JD Wetherspoon confirmed it had secured a £48. 3m loan under the government’s coronavirus loan scheme as it prepared to open 750 pubs on July 4.