Fidelity Top Stories
John Lewis to partly close London HQ, abandon bonuses
John Lewis' new chair, Sharon White, is looking to axe jobs, close part of its London headquarters and cancel its salary bonus as part of a cost-cutting programme.
US manufacturing bouncing back but full recovery seen a ways off still
Manufacturing in the US picked up the tempo significantly last month, but economists were at pains to stress that it was doing so from still "very depressed" levels of activity.
US private payrolls grow 2.36m in June
US businesses continued to bring workers back from furlough throughout June as the country's economy attempted to slowly return to normal.
Pfizer jumps on positive Covid-19 vaccine trial data
Shares of drug giant Pfizer were boosted by news of positive clinical trial results for a Covid-19 vaccine candidate known as BNT162b1.
Trading in German stocks tripped up by second technical snafu at Deutsche Boerse
The German Stock Exchange operator's electronic trading system blew a fuse on Wednesday morning, leading to a halt in trading across a large swathe of Central and East European equity markets.
SSP to cut up to 5,000 UK jobs as Covid-19 slams travel industry
Travel food operator SSP Group said it was looking to slash 5,000 jobs in the UK as it dealt with the collapse in air travel due to the Covid-19 pandemic.
Groceries drive 8.2% Sainsburys sales rise under new CEO
Supermarket chain Sainsbury’s reported an 8. 2% rise in first quarter like-for-like sales driven by groceries as Britons stocked up during the coronavirus lockdown.
Hong Kong authorities make first arrests under new law
Hong Kong police detained a man on Wednesday holding a flag urging independence, marking the first arrest under the new national security law introduced on Tuesday night.
German June unemployment rises less than expected
Germany reported a less-than-expected rise in June unemployment as the government’s short-time work scheme helped to offset the economic impact of the coronavirus pandemic.
Kier ponders cash raising as Covid-19 hits revenues
Infrastructure company Kier said it was considering a cash raising to shield its balance sheet from the impact of the coronavirus pandemic.
John Laing sees single-digit fall in NAV from Covid-19
John Laing said first half net asset value before deducting dividends was expected to show a single digit decline as investment activity was hampered by the coronavirus lockdown.