Hot Off The Wires - 8 November 2019

News

• The Bank of England is edging closer to cutting interest rates after two external members of the monetary policy committee voted for an immediate reduction from 0.75% to 0.5% this month.

• Walt Disney beat Wall Street estimates for quarterly profit despite huge investments in the new streaming service Disney+.

• Sainsbury’s profits plunged more than 90%, as the UK’s second largest grocer absorbs the £200m cost of closing 15 supermarkets and dozens of Argos stores.

• The Co-operative Bank took a fresh £60m hit as a result of payment protection insurance mis-selling but said that many of its historical problems had been fixed.

• RSA suffered an £8m hit for restructuring its British business as losses on large commercial policies took their toll.

Results

• Intl Consolidated Airline Grp (IAG.L) - Capital Markets Day 2019

• Scottish Mort Inv Tst (SMT.L) - HY Report

• Phoenix Group Hldgs (PHNX.L) - Board Changes

• Games Workshop (GAW.L) - Trading statement

• Spirent Comm (SPT.L) - Q3 Trading Update

• Morgan Adv Mat (MGAM.L) - Trading Update

• Beazley (BEZ.L) - Trading Statement

• Savannah Petroleum (SAVP.L) - Seven Energy Transaction Update

• Symphony Environmental Technologies (SYM.L) - Board changes

• Trufin (TRU.L) - Q3 Trading update

Trivia

Every action has an equal and opposite reaction. Who proposed this law?

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