Hot Off The Wires - 4th March 2021

News

• Rishi Sunak will raise taxes to the highest level since the 1960s as he attempts to repair Britain’s finances; from 2023 corporation tax would rise from 19% to 25% for the most profitable companies.

• Vauxhall’s Ellesmere Port factory will close with the loss of thousands of jobs unless it gets support from British taxpayers, the boss of the car maker has warned.

• Britain’s economic growth will accelerate next year at the fastest rate since official records began as the economy rebounds by 7.3%, according to the government’s independent economic forecaster.

• Amazon looks set to emerge as a key beneficiary of Britain's new tax "super-deduction" thanks to a major ramping up of its UK warehouse footprint, even as the Government wrangles with how to get Big Tech to pay more tax.

• Las Vegas Sands has agreed to sell the operations and real estate of marquee resort and casino the Venetian for $6.25 billion.

Results

• B&M European Value Retail (BME) - Q4 Update

• Aviva (AV) - Final Results

• Schroders (SDR) - Final Results

• Rathbone Brothers (RAT) - Final Results

• Meggitt (MGGT) - FY Results

• Galliford Try (GFRD) - HY Results

• SDCL Energy Efficiency Income Trust (SEIT) - Dividend Declaration & Dividend Forward Guidance

• Tyman (TYMN) - Final Results

Trivia

What is measured in Mickeys?

Click here to read the full daily note.