Hot Off The Wires - 12th November 2020

News

• A review of capital gains tax commission by Rishi Sunak has recommended slashing the annual allowance and aligning rates more closely with income tax in a move that could raise billions of pounds for the Exchequer.

• Pfizer’s chief executive sold shares worth millions on Monday, the same day the drug maker announced its coronavirus vaccine was more than 90% effective.

• Whitbread, Britain’s largest hotel group, is set to reduce the thousands of job cuts it had proposed in a move that raises hopes of unemployment slowdown.

• Alibaba, the Chinese ecommerce platform, had clocked up sales worth more than $70 billion by last night during the extended Singles’ Day shopping event.

• Goldman Sachs expects the FTSE 100 to rise 14% by the end of 2021 as a widespread recovery and strong monetary support boost stocks.

Results

• Legal & General (LGEN) - L&G announces new dividend, cash & capital ambitions

• GVC Holdings (GVC) - A strategy for sustainability, growth & innovation

• Burberry (BRBY) - Interim Results

• ITV (ITV) - Q3 Trading Update

• Vistry Group (VTY) - Trading Update

• Mediclinic International (MDC) - HY Results

• Premier Oil (PMO) - Trading & Operational Update

• Conduit Holdings - Intention to Float

• Bango (BGO) - Bango & Microsoft sign cloud gaming agreement

• Anexo Group (ANX) - Major Shareholding & Trading Update

Trivia

What was the name of the Benedictine monk credited with inventing champagne?

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