Fidelity Top Stories
UK abandons hope of quick free trade deal by end of 2020
A free trade deal between the UK and the US is unlikely to be signed before the November presidential elections in the States.
UK gives Ford £500m in loan guarantees to safeguard jobs
The UK government has given Ford £500m in loan guarantees shortly before the US carmaker closes one of its three British factories, in an attempt to safeguard jobs.
Kingfisher sees higher H1 profits on lockdown DIY boom
DIY group Kingfisher said it expected interim pre-tax profits to be higher as strong demand continued across its markets after the lifting of coronavirus lockdowns, but withheld guidance due to continued uncertainty.
US orders closure of China consulate in Houston
Tensions between the US and China were heightened after the State Department ordered the closure of the Chinese consulate in the Texas city of Houston.
Antofagasta maintains output guidance as Q2 production falls
Copper miner Antofagasta reported lower second quarter production after coronavirus restrictions cut workforce numbers, with the company maintaining guidance for output at the lower end of guidance.
Melrose warns of job cuts as Q2 sales slump
Engineering company Melrose Industries warned of potential job losses as it looked to cut costs after second quarter sales slumped during the Covid-19 lockdowns.