Fidelity Top Stories
G4S rejects new £2.97bn bid from Gardaworld
Security group G4S on Wednesday rejected £2. 97bn cash offer from rival GardaWorld as “opportunistic”, having rebuffed an earlier similar bid from the Canadian outfit.
BoE's Haldane warns against 'Chicken Licken' pessimism
The Bank of England’s Andy Haldane has warned against adopting too gloomy a view of the UK’s economic prospects following the Covid-19 pandemic.
US private sector payrolls accelerate a bit in September, ADP says
Hiring in the US grew more quickly than anticipated in September, leading some economists to bump up their forecasts ahead of the monthly non-farm payrolls report that was scheduled for release on the following Friday.
Compass to take £100m impairment in response to Covid impact
Food services group Compass said annual revenues would fall by almost a fifth and said it take a £100m impairment charge as it reviewed contracts in response to the Covid-19 pandemic's impact.
Shell to cut up to 9,000 jobs in move to low carbon future
Royal Dutch Shell said it was cutting 7,000 - 9,000 jobs globally as it responded to the global slump in oil prices and looked to reposition itself as a green energy provider.
888 Holdings sees higher FY profits, pays special dividend
Online gambling company 888 Holdings raised its full year guidance and declared a special dividend as first-half profits more than doubled on the back of higher casino revenues and customer growth.
China September PMIs point to upside risks for growth
The Chinese economy may be growing a bit more quickly than expected in the third quarter, a batch of closely-followed surveys for the Asian giant's manufacturing and services sector revealed, although their findings were a bit mixed.
UK GDP slumps almost 20% in record contraction
The UK economy suffered a record slump in the second quarter of this year as it felt the full force of Covid-19 lockdown measures which constrained spending, official data revealed on Wednesday.
William Hill backs £2.9bn Caesars bid
William Hill said it had agreed to be taken over by Caesars Entertainment in a £2. 9bn deal that would see the enlarged group cash in on the rapidly expanding US sports betting market.