Hot Off The Wires - 4th November 2020

News

• The rate of shop and restaurant closures in Britain more than doubled in the first half of the year, according to research by the Local Data Company, as the pandemic accelerated the reshaping of the high street.

• Federal Reserve officials will meet in the immediate aftermath of the US election, giving them a chance to respond swiftly to any market turmoil.

• Nio, a Chinese electric car maker, has surpassed Tesla as the most popular stock among amateur traders around the world as punters pile into shares of technology companies and start-ups, according to the online investment platform Etoro.

• Supermarkets are under mounting pressure to pay back £3bn in business rates as sales rise.

• Crispin Odey, one of the UK’s best-known hedge fund managers, has stepped down from the helm of Odey Asset Management that he founded almost three decades ago.

Results

• Smurfit Kappa Group (SKG) - Trading statement

• Apax Global Alpha (APAX) - Trading update

• Marks & Spencer Group (MKS) - HY results

• Morgan Sindall Group (MGNS) - Trading update

• Provident Financial (PFG) - Trading update

• Medica Group (MGP) - Acquisition of Global Diagnostics Ireland & trading update

• SolGold (SOLG) - Porvenir exploration update

• Stobart Group (STOB) - HY results

• Bango (BGO) - Partnership with BT

• Real Estate Investors (RLE) - Rent collection & trading update

Trivia

What is the longest month of the year in most areas of North America and Europe?

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