Fidelity Top Stories
Heads roll at Credit Suisse after Archegos blowup
Heads rolled at Credit Suisse at the start of the week as the investment bank announced a multi-billion dollar writedown tied to the meltdown at family office Archegos Capital Management.
Travel stocks brush off possible delays in reopening of non-essential travel
London-listed travel stocks were taking news that the UK's planned lifting of restrictions on non-essential travel could be pushed back in their stride.
Biden outlines multi-trillion dollar fiscal stimulus plan
Joe Biden unveiled his proposal for a massive new programme of fiscal stimulus centred on public investment to boost the nation's productivity and make growth more equitable.
US non-farm payrolls grow nearly twice as quickly as expected in March
The pace of job growth in the US recovered substantially last month, nearly doubling economists' forecasts, led by hiring in the beaten-down travel sector as the economy began reopening.
Pfizer-BioNTech Covid-19 vaccine 100% effective against South African variant
Updated trials results confirmed the high efficacy of the Covid-19 shot developed by Pfizer and BioNTech, including against the new strain of the virus first detected in South Africa, which is known as B1351.
Next lifts guidance as annual profits more than halved
Clothing retailer Next lifted current year profits guidance as online sales continued to soar during the Covid lockdown, despite annual profits halving.
John Laing sells Irish windfarm, buys into German FTTP firms
Infrastructure investor John Laing said it had sold its Glencarbry wind farm in Ireland to Greencoat Renewables for €31. 2m (£26. 6m) as it continued to reduce its exposure to renewable energy assets.