Hot Off The Wires - 6th November 2020

News

• Wall Street extended its post-election rally yesterday after the Federal Reserve held interest rates at rock bottom; the S&P 500 closed up by 2%, while the Nasdaq climbed 2.6%.

• Boris Johnson has given his blessing to Network Rail chairman Sir Peter Hendy's decision to conduct a review exploring a multi billion-pound rail tunnel between Scotland and Northern Ireland.

• The construction became sector one of the few bright spots in the UK economy as home builders pushed ahead with new projects during October.

• Nintendo has raised its annual profit guidance by 50% as lifetime sales of its Switch console surpassed 68 million units.

• The boss of J Sainsbury Simon Roberts has defended his decision to pay £230m in dividends while receiving the same amount in business rates relief by arguing the property tax is unfair.

Results

• Aveva (AVV) - Rights issue to partly fund acquisition of OSIsoft

• Scottish Mortgage Investment Trust (SMT) - Half-year Report

• Beazley (BEZ) - Trading Statement

• Civitas Social Housing (CSH) - NAV, Trading and Market Update

• James Fisher (FSJ) - Q3 Trading Update

• Sportech (SPO) - Possible offer for Sportech

• Urban & Civic (UANC) - Recommended cash offer

• Watkin Jones (WJG) - Trading Update

Trivia

The first official international cricket match was held in 1844 between two countries not known for their cricketing history or prowess. Can you name the two countries?

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