Fidelity Top Stories
Virgin Atlantic agrees £1.2bn coronavirus rescue deal
Troubled airline Virgin Atlantic has agreed a £1. 2bn rescue deal, saving it from administration in the wake of the Covid-19 crisis, the airline said on Tuesday.
JP Morgan sets aside $10bn for potential defaults as second-quarter numbers beat forecasts
JP Morgan Chase & Co reported forecast-beating second-quarter numbers on Tuesday, after heightened market volatility delivered record trading revenues and helped offset a weaker performance in retail banking.
US core CPI edges past forecasts in June
The cost of living in the US increased slightly more quickly than anticipated amid broad gains in prices by categories.
Ryanair to axe 1,000 UK - Ireland flights in August, September
Ryanair said it was cutting up to 1,000 flights from its UK-Ireland routes in August and September as it accused the Irish government of keeping a “a defective quarantine restriction on EU visitors".
Chinese imports and exports jump past forecasts in June
Chinese foreign trade moved up a gear in June, belying a strong domestic economy and overseas.
Small US companies' earnings expectations plumb 10-year low in June, NFIB says
A stronger-than expected reading for a widely-followed gauge of small business confidence in June was misleading, some economists said.
China to impose sanctions on Lockheed Martin over Taiwan arms deal
China is to impose sanctions on Lockheed Martin after the US government gave the green light to a sale of missile parts to Taiwan.
Lockdown grocery revenues boost Ocado first half
Online grocer Ocado reported a rise in half-year revenue as Britons turned to home deliveries during the coronavirus lockdown with expectations that this trend would continue.
Weak UK May GDP growth hits hopes of sharp post-Covid recovery
Britain's economy grew by a lower-than-forecast 1. 8% in May as businesses started to emerge from the coronavirus lockdown, official data revealed, dampening hopes of a sharp rebound.