Fidelity Top Stories
Walmart profits up as online sales soar 97% during Covid lockdown
US retail giant Walmart almost doubled online sales during the second quarter as Americans splurged their stimulus support payments on high-margin items during the coronavirus lockdown.
M&S to cut 7,000 jobs as Covid-19 hammers retail sales
Marks & Spencer said it was cutting 7,000 jobs in the next three months as it responded to plunging retail sales caused by the coronavirus pandemic and ensuing shuttering of its stores during lockdown.
Stobart Group to cut jobs after easyJet pulls out of Stansted, Southend
Stobart Group said it was cutting jobs after easyJet on Tuesday confirmed it was closing its bases at Southend and Stansted airports.
TBC Bank's bottom line hammered by loan loss provisions
TBC Bank reported a sharp drop in first half profits as the Covid-19 pandemic swept across Georgia and the broader region, forcing it to bolster its loan loss reserves in a hurry.
Persimmon says off to 'excellent' start in second half, reinstates dividend
Persimmon reinstated its dividend payouts in a move that both the company and analysts said reflected cautious optimism on the outlook.
Washington tightens restrictions on Chinese tech giant Huawei
Washington moved to close off a potential loophole in its sanctions against Chinese tech giant Huawei overnight, underscoring the extent of its falling out with the company, which it alleges spies for Beijing.
BHP profits slip as miner looks to offload more coal assets
BHP said it would widen plans to exit coal operations and look to offload older oil and gas assets as it reported a drop in full year profits.