Hot Off The Wires - 14 February 2020

News

• JCB, one of Britain’s largest manufacturers, is curbing production at its factories in a bid to see off significant supply shortages triggered by the coronavirus outbreak.

• The pound hit a new two-month high against the euro as news of Sajid Javid’s resignation and Rishi Sunak’s promotion was announced.

• Shares in gambling companies have plunged in value by hundreds of millions of pounds after the industry regulator said it would consider slashing the maximum allowable stake on online casino games to £2.

• The eurozone economy is showing few signs of the much hoped-for recovery as the industrial slump continues to crush growth and Germany remains “particularly exposed” to a coronavirus crunch in China.

• The Pentagon has been forced to suspend work on a multi-billion dollar military contract awarded to Microsoft after a legal challenge from Amazon.

Results

• AstraZeneca (AZN) – FY results

• Royal Bank of Scotland Group (RBS) – FY results.

• Segro (SGRO.L) – Full Year Results.

• Pennon Group (PNN) - South West Water Accepts Final Determination.

• Sequoia Economic Infrastrctr Incm Fd (SEQI) - NAV and Investment Update.

• Knights Group (KGH.L) – Acquisition.

• Brickability Group (BRCK) - Acquisition of McCann Roofing Products Ltd

Trivia

What geometric shape is found on the Bass Pale Ale bottle?

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