Fidelity Top Stories
Pound jumps after government strikes deal with Tory rebels over Internal Market Bill
The government has reached an agreement to add a layer of parliamentary oversight to its plans to potentially override part of the country's withdrawal treaty with the European Union.
Hut Group shares soar as trading gets underway
The Hut Group saw its shares soar on Wednesday as trading in the e-commerce beauty business got underway, marking the largest debut on the London market in recent years.
Eli Lilly monoclonal antibodies may reduce Covid-19 hospitalisations, study shows
Monoclonal antibodies being trialled by Eli Lilly appeared to help some patients rid themselves of the Covid-19 vrius more quickly.
NIH 'very concerned' about serious side effect in AstraZeneca vaccine trial - CNN
The US part of the phase three trial of the Covid-19 vaccine candidate being developed by AstraZeneca and the University of Oxford remains on hold, pending authorisation for a restart from independent safety monitors and America's health regulator, the Food and Drug Administration.
Madrid may tighten mobility restrictions, Bank of Spain cuts GDP forecasts
The regional government of Madrid appears set to tighten mobility restrictions in several of the districts and suburbs witnessing the most rapid increases in Covid-19 infections.
US retail spend slows in August as auto and gasoline sales drag
US retail sales volumes grew more slowly than anticipated last month, weighed down by slower growth in consumer spend for autos and at gasoline stations.
Euro area exports to US and UK still significantly lower year-to-date in July
The single currency bloc's surplus on trade with the rest of the world widened in July, nearly completing a V-shaped recovery to pre-Covid levels.
Europe midday: Shares higher on Zara owner profits, IMCD purchase
European shares were still in the green at lunchtime on Wednesday with Zara owner Inditex boosting sentiment after reporting a return to profits and an acquisition by chemicals and food ingredients firm IMCD.
Global economy could recover in 2021 if stimulus kept up - OECD
The global economy could return to growth next year as better outlooks from the US and China combined with a “massive response” to the Covid-19 pandemic from other nations lessened GDP contraction, the OECD said on Wednesday.
Redrow profits slump, but sees dividends back in 2021
Full year profits at house builder Redrow slumped by 66% due to the coronavirus pandemic, although reservations rose in the first 11 weeks of the new fiscal year and it expected to resume dividend payments in 2021.