Fidelity Top Stories
Biffa buys Viridor collection business, some recycling assets for £126m
Waste management group Biffa has struck a deal to buy the collections business and some recycling assets from Viridor Waste for £126m.
AstraZeneca Covid-19 vaccine approved for emergency use in Japan
AstraZeneca's Covid-19 vaccine has been granted a special approval for emergency use in Japan for people aged 18 years and older, the company said on Friday.
Philly Fed factory index falls more quickly than expected in May
Manufacturing activity in the US mid-Atlantic region cooled more quickly than anticipated in May as supply bottlenecks continued to worsen, the results of a closely-followed survey revealed.
Trainline says its app 'hard to replicate' as UK govt unveils plan for rival
Online ticket platform Trainline said government plans to introduce a rival web service as part of yet another overhaul of Britain’s fragmented rail system would take "several years" to develop, adding that its own app is a "huge differentiator and hard to replicate".
Trainline shares derailed as UK govt unveils plans for rival app
Trainline shares plunged by almost a third on Thursday after the UK government unveiled plans to set up a rival ticketing app.
Parcels boom drives Royal Mail profit surge, but April sees slowdown
The boom in parcel deliveries during the Covid pandemic as people shopped online while stuck at home helped Royal Mail report soaring annual profits although volumes slowed in April.
Online sales boost Watches of Switzerland Q4 revenues
Luxury watch retailer Watches of Switzerland said online sales helped drive soaring fourth quarter revenues despite the extended Covid-19 lockdown which saw its outlets closed for months.
Euromoney profits slump as Covid hits events arm
Information services provider Euromoney Institutional Investor said first-half profit more than halved as the coronavirus pandemic hit its events business.
EU agrees to ease travel restrictions on non-EU visitors for summer season
European Union countries agreed on Wednesday to ease Covid-19 travel restrictions on non-EU visitors ahead of the summer tourist season, two EU sources said according to Reuters.
ECB says financial stability risks 'elevated', notes 'exuberance' in crypto-assets
Financial stability risks in the euro area remain "elevated" even as it exits the pandemic and are now most concentrated in those sectors and countries hit hardest by Covid-19, the European Central Bank said.
John Laing agrees to £2bn takeover by KKR
British infrastructure group John Laing has agreed to a £2bn takeover by US buyout firm KKR.
Mitchells & Butlers losses widen as Covid shutters outlets
Harvester and All Bar One owner Mitchells & Butlers said interim losses widened as the Covid-19 pandemic and related lockdowns shuttered its estate.
IEA urges halt to fossil fuel investments to meet emissions targets
The International Energy Agency said on Tuesday that investment in fossil fuels must stop immediately in order to develop an energy sector with net-zero emissions by 2050.
Fund managers 'unambiguously' bullish says BofA, Bitcoin in a bubble
Global fund managers were "unambiguously" 'bullish' in May although there was a "hint" of defensiveness in the air, said equity strategists at Bank of America.
Vodafone full-year earnings slip on lower roaming revenue, handset sales
Mobile telecoms company Vodafone reported lower-than-expected adjusted core earnings on Tuesday as Covid travel restrictions hit roaming revenues and handset sales fell.
Oxford Biomedica ups revenue forecast as AstraZeneca lifts vaccine output
Gene and cell therapy group Oxford Biomedica on Tuesday doubled annual earnings guidance after pharmaceutical giant AstraZeneca ordered more Covid-19 vaccines.
Cranswick lifts dividend as FY profits rise
Food producer and supplier Cranswick lifted its dividend after reporting a 10. 4% rise in annual profits as sales to retail customers offset a fall in food service due to Covid lockdowns.
Fed's Clarida says it's too soon to start talking about 'tapering' bond purchases
America's economy has not yet made the substantial further progress required to start talking about the central bank 'tapering' its bond purchases, one of the Federal Reserve's highest-ranking officials said.
GSK Covid-19 achieves 'strong' results in Phase 2 study
GlaxoSmithKline said its Covid-19 vaccine achieved strong results in a Phase 2 study and would start a global Phase 3 study in the next few weeks.
Ryanair sees signs of recovery after record €815m loss
Ryanair on Monday reported a better-than-expected annual loss of €815m due to the Covid-19 pandemic, but added there were signs the recovery had begun and it hoped to break even this year.