Fidelity Top Stories
Eli Lilly gets EUA for new antibody 'cocktail', which may cut deaths by 70%
Eli Lilly has clinched Emergency Use Approval in the US for an antibody treatment 'cocktail' that may reduce the risk of hospitalisation and death in high-risk patients by as much as 70%.
No evidence yet of 'inflationary psychology', University of Michigan says
Consumer confidence in the US picked up a tad in late February, but middle-income families were not overly confident regarding the prospects for a quick rebound in the economy, findings from a key survey revealed.
IAG crashes to €7.4bn annual loss as Covid pandemic takes toll
British Airways owner IAG swung to a massive €7. 4bn annual operating loss and pulled guidance for 2021, reflecting the impact of the Covid-19 crisis.
Pets at Home raises guidance again as demand surges
Pets At Home has lifted annual profit guidance again after a surge in demand from Britons stuck at home during the latest national Covid lockdown.
DS Smith shares soar as Mondi reportedly mulls bid
Shares in UK paper and packaging firm DS Smith spiked on Thursday on reports rival group Mondi is considering a bid in what would be one of the largest British deals this year.
Mondi profits fall on lower prices as dividend raised
Annual profits at paper and packaging maker Mondi fell by a third on the back of “significantly lower” average selling prices for pulp and paper grades and the Covid-19 pandemic.
Anglo American shines on commodity price boom
A boom in commodity prices and easing of Covid curbs in the second half helped Anglo American report better-than-expected annual profits and lift its dividend.
Johnson and Johnson vaccine appears to be 'safe and effective'
Johnson & Johnson's Covid-19 vaccine got a boost on Wednesday in the form a positive evaluation from America's Food and Drug Administration.
Lloyds annual profits plunge 72%, reinstates dividend
Lloyds Bank reported a 72% slump in annual profits, reflecting the impact of the Covid-19 pandemic, but reinstated dividend payments and said it would focus on its insurance and wealth businesses.
Federal Reserve's Powell says monetary policy will remain 'accommodative'
The head of the US central bank said policy would remain "accommodative" until labor market slack had been absorbed, potentially pointing to an extended period of low interest rates.
HSBC turns to Asia, resumes dividend as profits slump 34%
HSBC reported a 34% slump in annual profits dur to the Covid-19 pandemic, but resumed dividend payments and said it would refocus operations on China.
EasyJet sees surge in airline, holiday bookings after UK Covid plan
The UK government’s announcement of a roadmap out of coronavirus restrictions has sparked a surge in demand for airlines and travel firms with easyJet reporting a more than 300% spike in bookings.
Allied Universal declares £3.8bn bid for G4S final
Allied Universal said its offer for rival G4S had become final after Canada’s GardaWorld on Monday declared it would not raise its own bid for the UK security firm.
AstraZeneca and Pfizer vaccines cut hospitalisations significantly
The UK's vaccination programme is having "spectacular" success in reducing the number of serious illnesses, the results of a study showed.
Mitchells & Butlers sales slump as group launches £351m placing
Pub group Mitchells & Butlers said sales had plunged almost 70% amid tighter Covid-19 curbs as it launched a £351m placing to shield its balance sheet from the coronavirus pandemic.
IAG boosts liquidity by £2.45bn after loan deal, pension deficit deferral
British Airways owner IAG on Monday said it had boosted total liquidity by £2. 45bn, via a loan deal and deferred pension deficit payments to help it weather the Covid-19 pandemic.
GSK and Sanofi start phase 2 trial on refined Covid-19 vaccine
GlaxoSmithKline and Sanofi have started a new clinical trial into their Cobid-19 vaccine candidate with the aim of refining the dosage.
Mitchells & Butlers in £350m placing as major shareholders take control
Three shareholders in Mitchells & Butlers have combined to control 55% of the Harvester owner as the pub giant said it planned to raise £350m through a discounted raising.
BoE's Vlieghe makes case for negative rates if more stimulus is needed
A top Bank of England official will make the case for moving to negative interest rates if necessary.
Johnson to push G-7 on measures to speed development of new vaccines
The Prime Minister will push his G7 country counterparts on Friday to cut the development time needed for vaccines against new Covid-19 strains from 300 days to 100.