Fidelity Top Stories
Government seeks legislation to prevent foreign takeovers of UK assets
The UK government is considering new legislation that would halt ‘back door’ acquisitions of UK firms by overseas buyers even years after the deal was concluded.
Great Portland swings to loss as retail values slump
West End property developer Great Portland Estates swung to a half-year loss after a slump in the plunge in the valuation of its retail portfolio due to the coronavirus restrictions.
Norwegian Air warns it may not survive into 2021 without new cash
Norwegian Air warned that it may not survive beyond the new year unless it received a new cash injection.
Investor sentiment drops sharply in Germany
Investor sentiment in Germany fell sharply in November, a closely-watched survey showed on Tuesday, as fears grow that the country is heading for another recession.
FDA grants emergency use approval for Eli Lilly Covid-19 treatment
America's top health regulator has granted emergency use authorisation for Eli Lilly's Covid-19 antibody treatment.
UK to have 10m doses of Pfizer/BioNTech Covid-19 vaccine by end-2020, if approved
Britain will have 10m doses of the Covid-19 vaccine being developed by Pfizer and BioNTech by the end of 2020.
Persimmon declares dividend as forward sales rise
House builder Persimmon on Tuesday declared a second dividend of 70p a share as it reported a rise in forward sales driven by strong demand and selling prices.
Meggitt sees FY profit of £180m - £200m despite weaker aero demand
Aerospace engineering company Meggitt said it expected to report underlying profit of £180m - £200m despite a weaker civil airline sector due to Covid-19 travel restrictions.
Capita sees small rise in Q3 profit
Outsourcing contractor Capita said third quarter trading was in line with expectations as it delivered a small rise in core profit.
Daily Covid-19 cases in US surpass 100,000
The fourth wave of Covid-19 in the US may be out of control, a top-ranked economist believes.
Taylor Wimpey sees 2020 results at upper end of forecasts
Taylor Wimpey said full-year results would be at the upper end of expectations after better-than-expecting trading in the second half driven by a mini housing boom.
EasyJet cuts capacity on new lockdowns; Raises £130m in new lease deal
Budget airline easyJet said it would fly no more than 20% of capacity for the rest of the year after new coronavirus lockdowns in England, Germany, and France.
Redrow reservations rise as lockdown workers seek more space
House builder Redrow reported a rise in reservation values as customers look for homes with more space to work based on coronavirus lockdown experiences.
Sainsbury's to axe 3,500 jobs in stores revamp, Argos closures
Sainsbury's said it was axing up to 3,500 jobs as part of a shakeup of its fresh fish and meat counters and Argos stores while reporting a 6. 9% rise in first-half retail sales.
Trainline posts H1 loss as Covid lockdowns hammer ticket sales
Online ticketing platform Trainline reported a first-half pre-tax loss as sales plunged during the coronavirus lockdown.
RSA reports 'strongly higher' Q3 underwriting profits
Insurer RSA said underwriting profit was up strongly in the first nine months of the year despite the cost of Covid-19 business claims.
M&S swings to first ever loss as Covid hammers clothing sales
UK retailer Marks & Spencer swung to tan historic half-year loss as coronavirus lockdowns hit its clothing division and warned that new restrictions to be introduced on Thursday would be a further blow to profits.
Eurozone recovery stalls as PMIs suggest double dip recession
The euro zone’s economic recovery stalled last month as the second wave of Covid-19 combined with measure to control its hammered the service industry, and pointed to a double-dip recession, a survey showed on Wednesday.
Doctors in England on alert for possible Covid-19 vaccine before Christmas
Doctors in England have been placed on alert for the potential roll-out of a Covid-19 vaccine this side of Christmas.
Coats raises profit guidance after strong third quarter
Industrial thread maker Coats Group lifted full-year profit guidance after a better-than-expected peak third quarter.