Fidelity Top Stories
US bond yields advance with Democrats on cusp of taking Senate
Government debt markets in the US were under selling pressure in the middle of the week after Democrats clinched one of two run-off votes for the country's Senate, possibly giving control of the upper chamber of Congress to his party, possibly implying greater government spending and taxes down the line.
ShoreCap rates Greggs a 'sell' as working from home hits business model
Analysts at Shore Capital have issued a ‘sell’ recommendation on Greggs shares, arguing that more people working from home during the Covid pandemic was a “game changer” for the High Street baker.
Greggs forecasts £15m loss as sales decline slows
High Street bakery chain Greggs said profits would not return to pre-coronavirus levels until 2022 at the earliest and forecast a loss of up to £15m this year.
Hipgnosis buys 50% of Neil Young catalogue
Music rights investor Hipgnosis Songs Fund said it had bought 50% of Neil Young's worldwide copyright and income interests in his 1,180 song catalogue.
FDA warns against reducing Covid-19 vaccine doses
Reducing the dosage of currently approved Covid-19 vaccines could pose a public health risk, the Food and Drug Administration said.
EU negotiating boost in Covid-19 doses from Pfizer/BioNTech to 600m
Brussels is negotiating a deal with Pfizer and BioNTech to provide enough Covid-19 vaccine doses to inoculate as much as two-thirds of the bloc's population.
UK govt unveils new £4.6bn Covid relief package after latest lockdown
The UK government has unveiled a new £4. 6bn package of Covid-19 relief measures to help businesses get through the latest national lockdown announced on Monday night.
Morrisons Christmas sales up 9.3% as Covid costs rise
Supermarket chain Morrisons on Tuesday reported a 9. 3% rise in like-for-like sales over the key Christmas and New Year period, boosted by more Britons dining at home amid coronavirus restrictions.
Mondi buys Turkish packaging firm Olmuksan for €66m
Paper and packaging firm Mondi said it was buying 90. 38% of the outstanding shares in Turkish peer Olmuksan International Paper for €66m (£60m).
UK post-Xmas shopper numbers fall 23% on tighter Covid curbs
Total shopper numbers across British retail destinations fell 23. 3% in the week to January 2 versus the previous week, as the government tightened Covid-19 restrictions in response to the rising number of cases, according to data released on Monday.
Ferguson investors set for windfall after £308m Wolseley sale
Ferguson shareholders are set to share in a cash windfall after the company said it was selling its UK-based Wolseley heating and plumbing distribution business to a private investment firm for £308m.