Fidelity Top Stories
Seraphim Space IT aims for the stars in world first IPO on LSE
Seraphim Space Investment Trust is plotting the world's first initial public offering of a Space Tech fund.
Sanne in talks with Cinven over new 875p-a-share offer
Asset management services provider Sanne Group said it was in talks with Cinven after the buyout firm made a new 875p-a-share offer for the firm.
Airlines call for furlough scheme to be extended until April 2022
British airlines have called for the furlough scheme to be extended for aviation workers after the government’s latest travel restrictions left them “unable to trade” during peak summer months.
ECB plots steady course, 'significantly higher' PEPP purchases to continue
Rate-setters at the European Central Bank plotted a steady course at their latest policy meeting.
US consumer prices jump past forecasts in May, led by user cars
Inflation in the US bounded ahead in May with big gains evident across nearly all categories of products and services.
Dealmaker Patrick Drahi buys 12.1% stake in BT
Patrick Drahi, a multibillionaire telecoms dealmaker, has bought a 12. 1% stake in BT to capitalise on the company's involvement in the rollout of faster broadband in the UK.
SSP losses widen, but UK, North America trade better since March
Train station and airport food cafe operator SSP Group reported wider interim losses as Covid travel restrictions closed its outlets, but added trading had improved in the UK and North America since the end of March.
BoE's Haldane says economy going 'gangbusters'
The Bank of England's top economist said the central bank may need to look at turning off the monetary policy taps given the 'gangbusters' economy.
US State Department downgrades travel warnings for raft of countries
The US State Department eased its travel warnings for dozens of countries overnight.
Vast majority of Covid-19 patients hospitalised were unvaccinated
The overwhelming majority of Britons admitted to hospital after infection with the so-called Delta strain of Covid-19 were unvaccinated.
Air cargo demand up 12% in April from pre-Covid levels
Global air cargo demand rose 12% in April compared with pre-pandemic levels in 2019, led by a strong performance in North America, industry data revealed on Tuesday.
UK retail sales jump as economy reopens
UK retail sales strengthened in May, industry data showed on Tuesday, as the economy continued to emerge from lockdown.
Paragon in £40m buyback as interim profits soar
Buy-to-let specialist lender Paragon Bank on Tuesday reported higher interim profits and a £40m share buyback as the housing market recovered from the Covid pandemic.
HSBC names two new co-heads for Asia Pacific business
HSBC has appointed two veteran bankers to manage its operations in Asia-Pacific.
Treasury's Yellen makes case for Biden spending plans, 'slightly higher' interest rates
Janet Yellen laid out the case at the weekend for US President Joe Biden's proposed $4trn in government spending and a "slightly higher" interest rate environment.
Reckitt Benckiser sells China baby formula unit for $2.2bn
UK consumer goods group Reckitt Benckiser said it was selling its baby formula business in China to the private equity firm Primavera for $2. 2bn and would incur a £2. 5bn net loss on the deal.
US non-farm payrolls bounce back by a bit less than expected in May
Hiring in the US bounced back by a bit less than expected last month, led by a jump in leisure and hospitality as the economy continued to reopen.
White House rows back on push to reverse 2017 tax cuts
The White House rowed back on its push to reverse the 2017 tax cuts approved by Donald Trump in a bid to win the backing of the Republican party for President Joe Biden's proposed $1. 0trn infrastructure package.
European finance ministers ready deal to stop multinationals' tax abuse
European finance ministers of the four biggest economies said that a landmark agreement to curb tax abuse by multinational companies is within reach and will be closed at the G7 meetings in London on Friday.
UK government scheme to help local first-time buyers offering homes 30% cheaper
The UK government has launched the First Homes scheme that will help first-time buyers who are key workers and local residents access discounted homes.