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Hot Off The Wires - 7 February 2020


News


  • Factories across Europe face global supply chain disruption due to corovirus outbreak and could be shut within weeks if it continues to spread.

  • One of the co-founders of Hargreaves Lansdown is to raise £500 million by selling shares in the investment platform business. The sale by Peter Hargreaves will reduce his stake by about a fifth and marks the first time the tycoon has sold shares in the company.

  • Three Thai family conglomerates have submitted formal first-round bids for the Thai and Malaysian operations of UK retailer Tesco.

  • Twitter shares have climbed after the social network beat expectations by posting fourth quarter revenues of $1.01bn on Thursday.

  • Ministers say they will reclaim Britain's mantle as the world's foremost free trade champion by scrapping 'nuisance tariffs' on imports that could save households £8.3bn a year.

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