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.

Results

• Admiral Group (ADM.L) - Trading update

• Burberry Group (BRBY.L) - Coronavirus update

• TUI (TUI.L) - Acquisition

• Mediclinic International (MDC) – Acquisition of Matlosana hospitals in South Africa

• Bellway (BWY) – Trading Update

• Countrywide (CWD) – Statement re sale of LSH

Trivia

Nephology is the study of what subject?

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