Fidelity Top Stories
IEA cuts forecast for global oil demand growth in backhalf 2020
The International Energy Agency took an axe to its forecasts for global oil demand growth in the backhalf of 2020, even as it warned that the world's thirst for oil had, at 91. 7m barrels a day, only recovered to its levels from 2013 due to the pandemic.
Fiat, Peugeot shares rise as merger terms adjusted
Fiat Chrysler shares were sharply higher on Tuesday after the terms of its planned €50bn merger with Peugeot were revised by the two car makers.
Ocado Q3 retail sales surge 52% as M&S products join range
Online grocer and technology firm Ocado recorded a sharp rise in third quarter revenue driven by continued higher average spends during the coronavirus pandemic as it forecast annual core earnings of £40m.
First Group sees small FY profit as revenues improve
Bus and rail operator FirstGroup said it expected to make a better-than-expected small full year profit as passenger numbers slowly recovered from the coronavirus pandemic.