Fidelity Top Stories
China orders partial closure of world's third-largest container port
Chinese authorities closed the Meishan terminal at the Ningbo-Zhoushan container port overnight after a worker tested positive for Covid-19.
Moderna vaccine offers double the protection against breakthrough Covid-19 infection
Moderna's Covid-19 vaccine offers nearly twice the protection against so-called breakthrough infections than Pfizer's, a new study found.
Philip Morris wins takeover battle for inhaler maker Vectura
US tobacco giant Philip Morris has won the battle for London-listed inhaler maker Vectura.
FDA may be set to announce booster shots for immunocompromised
America's health regulator is close to recommending that so-called booster shots be given to certain people with weak immune systems.
Kaplan says Fed should start tapering asset purchases in October
One of the highest-ranking officials at the US central bank made the case on Wednesday for the Federal Reserve to start 'tapering' its asset purchases from October.
Cineworld posts H1 loss as it mulls US listing
Cineworld posted an interim operating loss of $208. 9m as the Covid pandemic forced the closure of cinemas in the opening months of the year and a limited number of films were produced, but said trading since reopening had been "encouraging".
Meggitt gets unsolicited takeover approach from TransDigm, shares surge
Meggitt shares surged on Wednesday after the defence and aerospace engineer said he it had received an unsolicited takeover approach from US aerospace manufacturer TransDigm at 900p per share in cash.
'Tapering' could still take a few months, Fed's Barkin says
A top US central bank official said that the Federal Reserve may need a few more months before it can reduce its monetary stimulus.
US CPI edges past forecasts in July
The cost of living in the US edged past forecasts last month as food and energy prices continued advancing at a rapid clip.
Admiral in payout spree as interim profits soar
Admiral Group shareholders are set to cash in as the motor insurer on Wednesday paid an increased interim dividend and special payout after the sale of its Penguin Portals business.
CLS Holdings profits, revenues fall due to Covid pandemic
Commercial property investment company CLS Holdings reported lower interim profits and revenues on the back of a fall in valuations and higher vacancies due to the Covid-19 pandemic.
ZEW economic sentiment index for Germany drops for a third time in August
Analysts were less upbeat on the outlook for the German economy due to the risk of a new wave of Covid-19 in autumn or a slowdown in China, the results of a closely-followed survey revealed.
LSE profit, income up but sees higher H2 costs
London Stock Exchange Group more than doubled profits in the first half the year as total income grew 4. 6%.
Savills sees FY 'meaningfully' ahead of expectations as profits surge
Upmarket real estate agent Savills lifted annual guidance as it reported a rise in first-half profits on the back of a booming UK property market.
Rolls-Royce sells Bergen Engines for €63m
Rolls-Royce has signed an agreement to sell its Bergen Engines business to global engineering group Langley Holdings for an enterprise value of €63m.
Ryanair July passenger numbers more than double
Ryanair saw July passenger numbers more than double to 9. 3m from 4. 4m a year ago at the height of the Covid-19 pandemic.