Fidelity Top Stories
Tobbaco sales help Imperial Brands post FY profit rise
Imperial Brands reported a rise in annual sales, driven by a demand for tobacco which offset a drop in its e-cigarette business, and forecast profit growth in 2021.
Tesla set to join S&P 500 in December
Electric carmaker Tesla Inc is set to join the S&P 500 index in December, and will aim to expand its investor base and put the electric automaker in the same company as top tech firms such as Apple, Berkshire Hathaway and Microsoft.
NinetyOne reports £300m outflows on investor 'risk off' approach
Wealth manager Ninety One recorded net first-half outflows of £300m after losing some large institutional mandates and a cautious investor approach during the first wave of the Covid-19 pandemic.
Experian posts decline in first half profits despite strong sales in Americas
Experian posted a decline in first half profits despite organic sales growth in the Americas, as the novel coronavirus pandemic hammered other regions.
Brussels set to pass review of merger between Liberty Global and Telefonica to CMA
Brussels will cede authority to the Competitions and Markets Authority to decide whether or not to approve the merger of Liberty Global and Telefonica's business units in the UK.
BofA sees broad access to Moderna Covid-19 vaccine in Q2 2021
Analysts at Bank of America hiked their target price for shares of US biotechnology outfit Moderna after interim clinical data from its Covid-19 vaccine trial met the high bar for efficacy, forecasting that Emergency Use Approval (EUA) might arrive before year-end 2020 and full authorisation by quarter two of 2021.
Hungary and Poland threaten veto against EU budget, Covid-19 funds
The Hungarian and Polish governments have threatened to block the European Union's next long-term budget if its partners make the disbursement of funds conditional on adherence to the 'rule of law'.
Trump to end administration by clamping down on China - reports
Outgoing US president Donald Trump will end his administration with a series of hard-line policies against Beijing, it was reported on Monday.
Citi recommends rotating from US to UK stocks
Equity strategists at Citi recommended clients "rotate" from US names towards UK stocks as US Treasury yields rise going into 2021.
Pennon mulling bid for Southern Water - Times
Pennon is said to be mulling a potential bid for embattled rival Southern Water.
Kainos lifts dividend as interim profits double
IT provider Kainos lifted its dividend as half-year profits doubled, driven by a strong rise in revenue at its healthcare unit which has been helping the NHS with its Covid-19 test and trace programme.
US consumer confidence slips in November after elections and Covid-19 resurgence
US consumer dipped unexpectedly at the start of November as Americans reacted to the results of the presidential election and the rising number of Covid-19 cases, a closely-followed revealed.
Fed's Bullard says economy 'dramatically' better than expected, but 'substantial' risks remain
A top US central bank official sounded a positive note on the economy's ability to adjust to the pandemic, even as he cautioned of the remaining "substantial" downside risks.
Door Dash files with SEC in record year for US IPOs
America's largest food delivery platform has filed to go public.
Rising Covid-19 positivity rates in US may require restrictions in large-population states
Covid-19 test positivity is increasing rapidly and may necessitate that most large-population states impose more severe restrictions, a top-ranked US economist said.
WH Smith swings to £280m loss but sees recovery in US
WH Smith said its US business was showing signs of recovery as it swung to a £280m full year loss due the impact of coronavirus restrictions on its outlets at airports and train stations.
GVC changes name, will exit unregulated markets by end-2023
Ladbrokes and bwin owner GVC Holdings has rebranded as Entain and said it will commit to relying on nationally regulated markets for all revenue by the end of 2023.
Housing market to slow after mini-boom - RICS
The housing market is expected to stay busy for the rest of 2020 before slowing down as the stamp duty holiday draws to a close and the economy remains in trouble, a survey published on Thursday showed.
Moderna ready to submit preliminary data for Covid-19 vaccine trial
Moderna is set to submit the data needed by the independent panel charged with monitoring the results of its Covid-19 vaccine trial to determine its efficacy.
EU-UK trade talks set to extend into following week
Britain and the European Union are likely to miss the mid-November deadline to close a post-Brexit trade deal but the two sides have signalled that they will continue.