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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



Trivia


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

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