Fidelity Top Stories
US consumer confidence surges in Northeast, University of Michigan says
The University of Michigan's consumer confidence index jumped increased from May's level of 72. 3 to 78. 1 for June, coming in slightly worse than the preliminary reading of 78. 9 published roughly a fortnight before.
US personal income and spending beat forecasts in May, savings at record high
American's income and spending both came in ahead of forecasts in May, despite which personal savings remained at record levels.
UK's Sunak warns of 'extraordinarily high bar' for bailouts
UK Finance Minister Rishi Sunak warned companies struggling from the impact of the coronavirus impact that any government-backed rescue would have to meet an "extraordinarily high" bar.
Virgin Australia bought by Bain Capital
Struggling airline Virgin Australia has been sold to US private equity group Bain Capital by administrators after the coronavirus pandemic and associated travel restrictions hammered revenues.
Online sales boost Tesco Q1 sales during Covid-19 lockdown
Supermarket giant Tesco reported a 9. 2% rise in UK and Ireland total first quarter sales, driven by a sharp increase in online shopping during the coronavirus lockdown.
EasyJet agrees £206m sale, leaseback deal on 6 A320 aircraft
Budget carrier easyJet said it had agreed a sale and leaseback deal for six Airbus A320neo aircraft for $255m (£206m) to Japan’s SMBC Aviation.