Hot Off The Wires - 19 February 2020

News

• HSBC is planning to slash about 35,000 jobs as part of a radical overhaul to shrink investment bank with reductions in Europe and the US.

• Jaguar Land Rover is to shut down production at its UK car plants in 15 days as coronavirus wreaks havoc with its supply chain.

• Michel Barnier has turned down British demands for a Canada-style trade deal that would free the UK from EU rules.

• The sun is to finally set on Beales' 11 remaining department stores, putting hundreds of jobs at risk.

Results

• Moneysupermarket.com (MONY) - CEO Succession

• Pendragon (PDG) - CEO Appointment

• Avation (AVAP) - Loganair becomes new Airline Operator

• Metro Bank (MTRO) - CEO Appointment

• Strix (KETL) - Statement re current situation in China

• Audioboom (BOOM) - Review of strategic options/formal sale process

Trivia

Used by ancient Greeks and Romans what is a pelta?

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