Hot Off The Wires - 6th January 2021

News

• Britain is on course to borrow a record £450bn this year as tax revenues collapse under a fresh national lockdown, economists have warned.

• Ministers warn new lockdown could be extended into March, as Boris Johnson revealed that 1 million people in England now had the virus.

• The global economy will rebound by 4% this year if a coronavirus vaccine is rolled out successfully, according to the World Bank.

• Firms in retail, hospitality and leisure sectors, the hardest hit by stringent new lockdown measures, will receive grants of up to £9,000 in a £4.6bn Treasury package designed to keep them afloat to the spring.

• Amazon has bought 11 used passenger jets from two struggling North American airlines, expanding its growing air freight operation.

• The world’s largest electronics contract maker Foxconn is stepping up its push into electric vehicles with a tie-up with Chinese EV maker Byton.

Results

• Auto Trader Group (AUTO) - Trading update

• Informa (INF) - FY update. Informa has also confirmed the appointment of John Rishton

• Aggreko (AGK) - Olympic supply contract update

• Greggs (GRG) - Q4 trading update

• Hipgnosis Songs Fund (SONG) - Acquisition of music catalogue

• IP Group (IPO) - Portfolio company completes £36m funding round

• Primary Health Properties (PHP) - Completion of internalisation

• Travis Perkins (TPK) - Chair succession

• Clipper Logistics (CLG) - Trading update

• Lookers (LOOK) - Appointment of interim CFO

Trivia

What is the well known Latin term for 'good faith'?

Click here to read the full daily note.