Fidelity Top Stories
Indus Towers and Bharti Infratel merger set to go ahead
The merger between Indus Towers which is 42%-owned by Vodafone and Bharti Infratel is now set to proceed after the telecommunication company's lenders granted their consent for a 'security package' for the new company.
ISM services PMI picks up in September
Services sector activity in the US picked up last month, led by a rise in new orders.
Monday broker round-up
Experian: Morgan Stanley upgrades to overweight with a target price of 3,330. 0p.
Cineworld lenders call in advisers on £6bn debt pile - report
Lenders to Cineworld Group have called in advisers for urgent talks on the company’s £6. 2bn debt mountain as it announced the shuttering of 663 cinemas on both sides of the Atlantic.
Cineworld shutters US, UK theatres putting 45,000 jobs at risk
Cineworld on Monday confirmed it would temporarily suspend operations at all of its UK and US theatres from Thursday due to the Covid-19 pandemic, putting 45,000 jobs at risk.
Mulberry scraps divi, swings to FY loss; Sees improving trend
UK luxury goods maker Mulberry scrapped its dividend as it reported an annual loss, but said improving sales from post-coronavirus lockdowns would result in narrower losses in the current year.
Weir Group sells oil & gas unit to Caterpillar for £314m
Weir Group has sold its oil & gas division to Caterpillar $405m (£314m) in cash as the engineering firm moves to focus on the mining sector.