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The Watson’s Daily Christmas Quiz 2021🎄🎅🎁

Welcome to the Watson's Daily Christmas Quiz 2021!

 

You need to have an active subscription in order to view/use this page. If you are an existing subscriber, please login below.

Alternatively, if you are new to Watson’s Daily and would like to dip your toe in, you can get a trial Bronze level subscription HERE. This will last for one week for free and then go to paid unless you cancel within the week. You can, of course, dive straight in with Bronze, Silver or Gold membership!

The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz 🍕🍏⛏ 11/12/21

Do your brain cells need a little workout?? Why not test yourself here 👇

 

You need to have an active subscription in order to view/use this page. If you are an existing subscriber, please login below.

Alternatively, if you are new to Watson’s Daily and would like to dip your toe in, you can get a trial Bronze level subscription HERE. This will last for one week for free and then go to paid unless you cancel within the week. You can, of course, dive straight in with Bronze, Silver or Gold membership!

The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz 📈☢🛢 04/12/21

Feeling knowledgeable? See just HOW good you are by trying this 👇

 

You need to have an active subscription in order to view/use this page. If you are an existing subscriber, please login below.

Alternatively, if you are new to Watson’s Daily and would like to dip your toe in, you can get a trial Bronze level subscription HERE. This will last for one week for free and then go to paid unless you cancel within the week. You can, of course, dive straight in with Bronze, Silver or Gold membership!

The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz ☎🎈🦃 27/11/21

Have a brain like a sponge? Did it absorb this week's news? Test here 👇

 

You need to have an active subscription in order to view/use this page. If you are an existing subscriber, please login below.

Alternatively, if you are new to Watson’s Daily and would like to dip your toe in, you can get a trial Bronze level subscription HERE. This will last for one week for free and then go to paid unless you cancel within the week. You can, of course, dive straight in with Bronze, Silver or Gold membership!

The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz 💥🥩☕ 20/11/21

Has your brain absorbed this week's news successfully?? Find out here 👇

 

You need to have an active subscription in order to view/use this page. If you are an existing subscriber, please login below.

Alternatively, if you are new to Watson’s Daily and would like to dip your toe in, you can get a trial Bronze level subscription HERE. This will last for one week for free and then go to paid unless you cancel within the week. You can, of course, dive straight in with Bronze, Silver or Gold membership!

The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz 📡🚚🦃13/11/21

Are you a guru of business news? Try this to find out for sure 👇

 

You need to have an active subscription in order to view/use this page. If you are an existing subscriber, please login below.

Alternatively, if you are new to Watson’s Daily and would like to dip your toe in, you can get a trial Bronze level subscription HERE. This will last for one week for free and then go to paid unless you cancel within the week. You can, of course, dive straight in with Bronze, Silver or Gold membership!

The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz 🛢🥤🧨06/11/21

Do you like acing quizzes? Think you can ace THIS one?? Find out here 👇

 

You need to have an active subscription in order to view/use this page. If you are an existing subscriber, please login below.

Alternatively, if you are new to Watson’s Daily and would like to dip your toe in, you can get a trial Bronze level subscription HERE. This will last for one week for free and then go to paid unless you cancel within the week. You can, of course, dive straight in with Bronze, Silver or Gold membership!

The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz ⚡🚗🤑30/10/21

How well do you remember this week's biz news? Find out below 👇

 

You need to have an active subscription in order to view/use this page. If you are an existing subscriber, please login below.

Alternatively, if you are new to Watson’s Daily and would like to dip your toe in, you can get a trial Bronze level subscription HERE. This will last for one week for free and then go to paid unless you cancel within the week. You can, of course, dive straight in with Bronze, Silver or Gold membership!

The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz 🐄📈🦑23/10/21

Did you absorb everything this week? Find out by trying this quiz 👇

 

You need to have an active subscription in order to view/use this page. If you are an existing subscriber, please login below.

Alternatively, if you are new to Watson’s Daily and would like to dip your toe in, you can get a trial Bronze level subscription HERE. This will last for one week for free and then go to paid unless you cancel within the week. You can, of course, dive straight in with Bronze, Silver or Gold membership!

The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz 🚢🤏☢ 16/10/21

Is your brain like a sponge?? See how much you remembered this week 👇

 

You need to have an active subscription in order to view/use this page. If you are an existing subscriber, please login below.

Alternatively, if you are new to Watson’s Daily and would like to dip your toe in, you can get a trial Bronze level subscription HERE. This will last for one week for free and then go to paid unless you cancel within the week. You can, of course, dive straight in with Bronze, Silver or Gold membership!

The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz 🚚🛒🗣 09/10/21

It's good to know where you are with your knowledge. Test yourself here 👇

 

You need to have an active subscription in order to view/use this page. If you are an existing subscriber, please login below.

Alternatively, if you are new to Watson’s Daily and would like to dip your toe in, you can get a trial Bronze level subscription HERE. This will last for one week for free and then go to paid unless you cancel within the week. You can, of course, dive straight in with Bronze, Silver or Gold membership!

The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz ⚡🚗🛵 02/10/21

Do you think you know it all? Well why not find out for sure here 👇

 

You need to have an active subscription in order to view/use this page. If you are an existing subscriber, please login below.

Alternatively, if you are new to Watson’s Daily and would like to dip your toe in, you can get a trial Bronze level subscription HERE. This will last for one week for free and then go to paid unless you cancel within the week. You can, of course, dive straight in with Bronze, Silver or Gold membership!

The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz ⚡🔨⬅18/09/21

Testing yourself helps learning - so try this 👇 to gauge your knowledge!

 

You need to have an active subscription in order to view/use this page. If you are an existing subscriber, please login below.

Alternatively, if you are new to Watson’s Daily and would like to dip your toe in, you can get a trial Bronze level subscription HERE. This will last for one week for free and then go to paid unless you cancel within the week. You can, of course, dive straight in with Bronze, Silver or Gold membership!

The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz 🐄🤑🕶 11/09/21

Are you confident about how much you remembered this week? Try this 👇

 

You need to have an active subscription in order to view/use this page. If you are an existing subscriber, please login below.

Alternatively, if you are new to Watson’s Daily and would like to dip your toe in, you can get a trial Bronze level subscription HERE. This will last for one week for free and then go to paid unless you cancel within the week. You can, of course, dive straight in with Bronze, Silver or Gold membership!

The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz 📈⛓🧻04/09/21

Are you feeling clever this week? See what you've remembered here 👇

 

You need to have an active subscription in order to view/use this page. If you are an existing subscriber, please login below.

Alternatively, if you are new to Watson’s Daily and would like to dip your toe in, you can get a trial Bronze level subscription HERE. This will last for one week for free and then go to paid unless you cancel within the week. You can, of course, dive straight in with Bronze, Silver or Gold membership!

The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz 💰⛓🔞28/08/21

The quiz is back! Test your biz and financial markets knowledge here 👇

 

You need to have an active subscription in order to view/use this page. If you are an existing subscriber, please login below.

Alternatively, if you are new to Watson’s Daily and would like to dip your toe in, you can get a trial Bronze level subscription HERE. This will last for one week for free and then go to paid unless you cancel within the week. You can, of course, dive straight in with Bronze, Silver or Gold membership!

The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz ✈🎮☢07/08/21

How do you know how much you've remembered? By doing this quiz 👇

 

You need to have an active subscription in order to view/use this page. If you are an existing subscriber, please login below.

Alternatively, if you are new to Watson’s Daily and would like to dip your toe in, you can get a trial Bronze level subscription HERE. This will last for one week for free and then go to paid unless you cancel within the week. You can, of course, dive straight in with Bronze, Silver or Gold membership!

The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz 🔤♻🔋 31/07/21

Want to know exactly how clever you are?? Have a go at this 👇 to find out

 

You need to have an active subscription in order to view/use this page. If you are an existing subscriber, please login below.

Alternatively, if you are new to Watson’s Daily and would like to dip your toe in, you can get a trial Bronze level subscription HERE. This will last for one week for free and then go to paid unless you cancel within the week. You can, of course, dive straight in with Bronze, Silver or Gold membership!

The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz 🛂🚀📈 24/07/21

Feeling confident about your knowledge? Try this out 👇 to test yourself!

 

You need to have an active subscription in order to view/use this page. If you are an existing subscriber, please login below.

Alternatively, if you are new to Watson’s Daily and would like to dip your toe in, you can get a trial Bronze level subscription HERE. This will last for one week for free and then go to paid unless you cancel within the week. You can, of course, dive straight in with Bronze, Silver or Gold membership!

The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz 🕵️‍♀️🍻🍟 17/07/21

How much knowledge have you retained this week? Find out here 👇

 

You need to have an active subscription in order to view/use this page. If you are an existing subscriber, please login below.

Alternatively, if you are new to Watson’s Daily and would like to dip your toe in, you can get a trial Bronze level subscription HERE. This will last for one week for free and then go to paid unless you cancel within the week. You can, of course, dive straight in with Bronze, Silver or Gold membership!

The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz 📈🏡🍟 10/07/21

Feeling clever? Just see HOW clever you are by trying THIS quiz 👇

 

You need to have an active subscription in order to view/use this page. If you are an existing subscriber, please login below.

Alternatively, if you are new to Watson’s Daily and would like to dip your toe in, you can get a trial Bronze level subscription HERE. This will last for one week for free and then go to paid unless you cancel within the week. You can, of course, dive straight in with Bronze, Silver or Gold membership!

The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz 🛢🏡🚗 03/07/21

How much do YOU remember this week? Doing this 👇 will show you

 

You need to have an active subscription in order to view/use this page. If you are an existing subscriber, please login below.

Alternatively, if you are new to Watson’s Daily and would like to dip your toe in, you can get a trial Bronze level subscription HERE. This will last for one week for free and then go to paid unless you cancel within the week. You can, of course, dive straight in with Bronze, Silver or Gold membership!

The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz 🧱🍩🚜 26/06/21

It's always good to know how much you know. Try this 👇 and find out now!

 

You need to have an active subscription in order to view/use this page. If you are an existing subscriber, please login below.

Alternatively, if you are new to Watson’s Daily and would like to dip your toe in, you can get a trial Bronze level subscription HERE. This will last for one week for free and then go to paid unless you cancel within the week. You can, of course, dive straight in with Bronze, Silver or Gold membership!

The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz 🔐👇✈ 19/06/21

Want to test out your little grey cells on this week's biz news? Try this 👇

 

You need to have an active subscription in order to view/use this page. If you are an existing subscriber, please login below.

Alternatively, if you are new to Watson’s Daily and would like to dip your toe in, you can get a trial Bronze level subscription HERE. This will last for one week for free and then go to paid unless you cancel within the week. You can, of course, dive straight in with Bronze, Silver or Gold membership!

The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz 👩‍⚖️💎💩 12/06/21

Want to know how much you've remembered from this week? Try this 👇

 

You need to have an active subscription in order to view/use this page. If you are an existing subscriber, please login below.

Alternatively, if you are new to Watson’s Daily and would like to dip your toe in, you can get a trial Bronze level subscription HERE. This will last for one week for free and then go to paid unless you cancel within the week. You can, of course, dive straight in with Bronze, Silver or Gold membership!

The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz 📈🍕🍩 05/06/21

How much of this week's news do you remember? Find out here 👇

 

You need to have an active subscription in order to view/use this page. If you are an existing subscriber, please login below.

Alternatively, if you are new to Watson’s Daily and would like to dip your toe in, you can get a trial Bronze level subscription HERE. This will last for one week for free and then go to paid unless you cancel within the week. You can, of course, dive straight in with Bronze, Silver or Gold membership!

The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz 🛢🎬🍻 30/05/21

How much of this week's news do you remember? Find out in this quiz 👇

 

You need to have an active subscription in order to view/use this page. If you are an existing subscriber, please login below.

Alternatively, if you are new to Watson’s Daily and would like to dip your toe in, you can get a trial Bronze level subscription HERE. This will last for one week for free and then go to paid unless you cancel within the week. You can, of course, dive straight in with Bronze, Silver or Gold membership!

The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz 💱✈🏘 22/05/21

What a week! See how much you remember by taking this quiz 👇

 

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Alternatively, if you are new to Watson’s Daily and would like to dip your toe in, you can get a trial Bronze level subscription HERE. This will last for one week for free and then go to paid unless you cancel within the week. You can, of course, dive straight in with Bronze, Silver or Gold membership!

The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz ⛽🚗🛍 16/05/21

So much went on this week! How much do you remember?? Find out 👇

 

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The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz 📈🛍🚳 08/05/21

Fancy a challenge? See how much of the week's news YOU remember! 👇

 

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The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz 🚗🏕🐶 01/05/21

How much do you remember of this week's news? Find out here 👇

 

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The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz 🌎🤑🚗 24/04/21

Feeling confident this week? Test your knowledge in this 👇 quiz

 

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The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz 💉🛍🤑 17/04/21

Did you miss the biz/finance news quiz? Get reacquainted here 👇

 

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The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz 🍟🛍🛳 28/03/21

Feeling confident about what went on this week? Test yourself here 👇

 

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The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz 🏡🥟🔋 20/03/21

It was a packed week this week! Find out how much you remember here 👇

 

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The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz 🍔🕹🏢 14/03/21

How much biz news did you remember from this week? Try this to see 👇

 

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The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz 💼💉📈 07/03/21

Did you sleepwalk through this week or were you alert? Find out here 👇

 

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The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz 🔌🚗📰 28/02/21

How much of the week's news do you remember? Find out here 👇

 

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The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz 🎌💹⚡ 20/02/21

Do you really KNOW your stuff? Why not try this quiz 👇 to find out?

 

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Alternatively, if you are new to Watson’s Daily and would like to dip your toe in, you can get a trial Bronze level subscription HERE. This will last for one week for free and then go to paid unless you cancel within the week. You can, of course, dive straight in with Bronze, Silver or Gold membership!

The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz 🛢🤑🛍 13/02/21

Feeling confident in your knowledge? Why not try this quiz 👇

 

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Alternatively, if you are new to Watson’s Daily and would like to dip your toe in, you can get a trial Bronze level subscription HERE. This will last for one week for free and then go to paid unless you cancel within the week. You can, of course, dive straight in with Bronze, Silver or Gold membership!

The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz 💉😱🃏 06/02/21

Feeling clever 🤓? But just how clever? Take this quiz 👇 and find out...

 

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The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz 💉📈🏪 30/01/21

Have you been paying attention this week? Find out here 👇

 

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The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz 📺💶🚗 23/01/21

SO much has happened this week! See how much you remember here 👇

 

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The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz ⚡🚗💉16/01/21

Feeling clever? See how much you know by trying this quiz 👇

 

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Alternatively, if you are new to Watson’s Daily and would like to dip your toe in, you can get a trial Bronze level subscription HERE. This will last for one week for free and then go to paid unless you cancel within the week. You can, of course, dive straight in with Bronze, Silver or Gold membership!

The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz 📈😱 09/01/21

Why not blow the cobwebs away with this, our first quiz of 2021? 👇

 

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The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz 🏡💷 20/12/20

Why not try the final Big Weekly Quiz of 2020? Best of luck with this 👇

 

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The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz 🛵🛏 📈 12/12/20

Want to see how much you remembered from this week? Try this quiz 👇

 

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The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

The Big Weekly Quiz 💉😍 05/12/20

Fancy s-t-r-e-t-c-h-i-n-g yourself? See how much you know here 👇

 

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The main differences between the levels of membership are the materials you get access to and your access to me! Bronze is great – there’s loads of functionality here. I would, however, recommend Silver if you are serious about getting better with your knowledge as quickly as possible. Gold gives you all the benefits of Silver but with added guaranteed small group calls and option of one-on-one calls with me to talk about commercial awareness and/or careers/interviews.

Watson’s Daily is all about helping you understand, remember and utilise knowledge of the business and financial markets news in your career and/or studies. I aim to give you the tools you need to turbo boost your knowledge whilst also having a bit of fun as well!

 

Monday's daily news

Monday 30/11/20

Posted on | by Peter Watson | Leave a Comment on Monday 30/11/20
  1. In MACROECONOMIC & MARKETS NEWS, the EU tries to pitch to the US, China motors on, investors pile in and Tesla’s inclusion causes much head-scratching
  2. In M&A AND IPO NEWS, UK M&A shoots up and S&P Global approaches IHS Markit while Airbnb and DoorDash aim high
  3. In CORONATRENDS NEWS, Weight Watchers slims and Esports triumphs while preparations are made for vaccine rollout
  4. In MISCELLANEOUS NEWS, the UK cuts Huawei off quicker, Arcadia faces collapse and Black Friday underwhelms in shops
  5. AND FINALLY, I bring you “spot the sniper” and unusual Christmas tree decoration…

1

MACROECONOMIC & MARKETS NEWS

So the EU holds out an olive branch, China motors on and investors pile in while Tesla causes a kerfuffle…

EU pitches new post-Trump alliance with US in face of China challenge (Financial Times, Sam Fleming, Jim Brunsden and Michael Peel) shows that the EU intends to persuade the US to form a new global alliance to address the “strategic challenge” posed by China. The European Commission has prepared a draft paper that calls for new and deeper co-operation on all sorts of things like digital regulation, deforestation and how to tackle Covid. * SO WHAT? * After a somewhat testy relationship with Trump, Europe is now trying to pull both sides of the Atlantic closer together and this seems like a more conciliatory way of doing it rather than last week’s introduction of a digital tax by France. Europe has been largely frustrated in its wish to have a more co-ordinated approach regarding China and will see Biden as a way to get this going. This is only a draft paper, but outlines intent in black-and-white.

Talking about China, though, China stocks rise after data underscores economic recovery (Financial Times, Hudson Lockett) shows that the country’s factory activity had its best month for three years as the official purchasing managers’ index for manufacturing recorded factory output rising at its fastest rate since 2017 with a jump in new export orders. Chinese consumers move towards forefront of economic recovery (Financial Times, Thomas Hale and Ryan McMorrow) highlights strong consumer spending figures and cites a Morgan Stanley report which contends

that private consumption would supercede exports and infrastructure investment as the main catalyst for economic growth in China next year. The record-breaking amount spent on Singles’ Day last month alone is yet another testament to Chinese consumers’ willingness to spend.

Meanwhile, Investors pile record sums into global stock markets (Daily Telegraph, Tom Rees) shows that recent positive news on vaccines has triggered major inflows of money into global stock markets as hopes increase over a resulting economic recovery. As a consequence, global markets are expected to post their strongest monthly performance ever today.

Talking about markets, Tesla’s S&P debut is set to put $100 billion in trades in motion (Wall Street Journal, Michael Wursthorn and Gunjan  Banerji) shows that Tesla’s imminent entry to the S&P500 is causing a bit of a kerfuffle due to its size (market cap of about $555bn) and its share price volatility. It is causing so much concern (because of its potential outsize effect on the index as a whole) that the index is thinking of adding Tesla to the index over two days rather than one. * SO WHAT? * This is the biggest company ever to enter the index and will be, on entry, the sixth largest company in the S&P500 – bigger than Berkshire Hathaway but smaller than Facebook – so no wonder it will have an effect. It would be like you having a bath and then an elephant deciding to join you 😁. Not only will funds have to buy Facebook shares to reflect the constituents of the index, they will also have to sell down smaller constituents to buy Tesla shares (who will make up about 1% of the index). This is quite something for a company that makes b*gger all cars 😂

2

M&A AND IPO NEWS

M&A activity increases while Airbnb and DoorDash aim high…

Suddenly big deals are the only game in town (The Times, Ben Martin) highlights the fact that M&A activity is increasing considerably as City stockbroker Peel Hunt points out that there have been 15 bids for London-listed companies since the start of August worth almost £23bn (RSA agreed to sell itself to Canadian rivals for £7.2bn, Caesars Entertainment is buying William Hill for £2.9bn and Codemasters is being bought by Take-Two Interactive while G4S is currently trying to defend itself from a £3bn hostile bid, for example). This is mainly due to a number of changes that have evolved under lockdown. Firstly, bankers and companies have become more accustomed to doing deals virtually. Secondly, stock markets have now recovered considerably since their February/March lows meaning that management are more open to being approached. Thirdly, everyone knows more about the virus and its effects, which means that it is getting increasingly easier to plan. If you add positive vaccine news into the mix, you can see why companies are more willing to look through current circumstances and think about how they’d like to position themselves on the other side of the pandemic. * SO WHAT? * Many believe that the M&A frenzy will continue as private equity firms are getting increasingly active on the buying front (think Warburg Pincus and TowerBrook’s purchase of the AA and Lone Star’s purchase

of McCarthy & Stone) and because there is a growing valuation gap between UK-listed companies and their foreign counterparts (presumably this is mainly due to Brexit concerns).

In terms of current deals, though, S&P Global nears deal to buy IHS Markit for about $44billion (Wall Street Journal, Cara Lombardo and Liz Hoffman) shows that two of the largest data providers to Wall Street are lining up for what could be the biggest deal of the year. IHS Markit, based in London, is worth about $37bn while S&P is worth about $82bn. A deal announcement is imminent.

Meanwhile, Airbnb, DoorDash aim for higher-than-expected valuations ahead of debuts (Wall Street Journal, Maureen Farrell) highlights both companies’ desires to aim for a higher valuation in their forthcoming IPOs as Airbnb is targeting a $30-33bn range (versus market expectations of $30bn) and DoorDash is targeting $25-28bn (versus expectations of $25bn). Listings are expected in the middle of next month and roadshows (where the companies visit potential investors) are expected to start about now. * SO WHAT? * Both companies have actually done quite well under lockdown and are no doubt wanting to take advantage of that being fresh in investors’ minds. Out of the two, I would have thought that Airbnb stands to benefit more over the longer term as they will do better from both domestic and international traffic as lockdowns change while I still think that companies like DoorDash SHOULD do less well in an environment where people are time rich and cash poor (takeaways are an expensive luxury IMO – sorry to be a downer!). 

3

CORONATRENDS NEWS

Weight Watchers aims to lose weight, Esports benefits and preparations are being made for vaccine rollout…

Dieting giant begins to slim down its workforce (Daily Telegraph, Louise Moon) shows that Weight Watchers, trading as WW International since 2018, is considering cutting up to 50% of its UK coaches as soon as next week as it tries to migrate its business more online due to the pandemic and increasing competition. * SO WHAT? * Up until now the model has been such that WW coaches guide people through programmes via live-chats and in-person sessions but big debts and more competition are forcing the company to evolve. It is doing the right thing IMO as it needs to capitalise on its name as much as possible as quickly as possible or become irrelevant. In an increasingly crowded market, it needs to move with the times.

In Esports takes off in lockdown but will the bubble burst (Daily Telegraph, Michael Cogley) we see that esports has seen a major boost in popularity under lockdown – viewing figures on game streaming site Twitch reached a peak this month of 2.5m concurrent watchers, which is more than twice the number for the same period last year – but there are debates on how to monetise it most effectively. * SO WHAT? * I would say that esports has definitely established itself this year and you could argue that the coronavirus has meant that it has brought in far more new players and interest than would have been the case under “normal” circumstances, but the question is whether the pendulum could swing the other way when more live sport

comes back online. IMO, it WILL swing the other way as people under lockdown yearn for a “live” experience that could be made all the more intense after being restricted for so long and it could make people appreciate it more. Still, there will be some who have discovered that they like both – and that’s still a good thing for esports.

Elsewhere, International rollout of Covid-19 vaccine on track for next month (Financial Times, Donato Paolo Mancini, Guy Chazan and Joe Miller) looks at vaccine rollout plans as the UK is expected to be the first country to approve the Pfizer/BioNTech vaccine with the first jabs being made on December 7th, with US approval from the FDA expected to follow shortly after. The European Medicines Agency, which licences medicines for use across the EU, will be discussing approval next month of the Pfizer/BioNTech vaccine as well as Moderna’s. Pharmacies add freezers, train staff to handle Covid-19 vaccination drive (Wall Street Journal, Jaewon Kang) shows that all sorts of venues are making preparations to administer vaccines as part of “Operation Warp Speed”. They include supermarkets such as Kroger and Albertsons as well as CVS Health. * SO WHAT? * This is all very exciting but I am sure that there will have to be an accompanying PR campaign to get the general public to believe in the efficacy of these vaccines given how unusually quickly they have been developed and approved. After all, it’s all very well to have the capability – but if you don’t have Joe Public coming in there’s not much you can do. As I have said before, although governments seem to be loath to force people to take the vaccine right now, I would imagine that there will be a reasonable uptake as I would expect people to have to prove that they’d been vaccinated in order to do certain things (e.g. get on a plane, go on a cruise, go to a rock concert – maybe even go to a bar). 

4

MISCELLANEOUS NEWS

Huawei takes yet another blow, Arcadia faces collapse and Black Friday underwhelms…

In other big stories today, UK to ban installation of Huawei 5G equipment from September (Financial Times, Sebastian Payne and Nic Fildes) has taken many by surprise as this new ban will come into effect for new Huawei equipment from September 2021 rather than the existing arrangement where companies will be able to buy Huawei equipment until the end of this year and use it until 2027 by which time it should all be removed. Telcos companies say that this will increase costs and delay 5G rollout by a number of years. * SO WHAT? * This is a particular nightmare for companies who have already stockpiled Huawei equipment (it will be useless now) and who have had to deal with changing government guidance on how to do business with the likes of Huawei. Nokia and Ericsson will be loving this new move (they provide similar equipment) and will no doubt use this opportunity to hike up prices. I guess this will make all telcos much more inclined to boycott Huawei completely given the shifting sands of government opinion.

Elsewhere, High street crisis deepens as Arcadia faces collapse (The Times, Callum Jones, Ashley Armstrong) shows that 13,000 jobs hang in the balance at shops owned by Arcadia (Topshop, Dorothy Perkins etc.) while the future of Debenhams (12,000 staff) is also likely to be decided this week. Interestingly, Mike Ashley’s Frasers Group is looking at intervening in both but has major beef with both Arcadia’s Philip Green and Debenhams, which he tried and failed to takeover a while back. Fears for suppliers as Arcadia faces collapse (Daily Telegraph, Laura Onita, Michael Cogley and Tim Wallace) shows that it’s not just Arcadia that will suffer. Dramatic times…

Then in Black Friday was a bust for many stores, better for online (Wall Street Journal, Sarah Nassauer and Suzanne Kapner) we see that US shoppers continued to buy online and avoid the physical stores. Those who DID venture out tended to stop in fewer shops and go to places like Walmart and Target that sell a wide range of goods. * SO WHAT? * This is hardly surprising given infection rates – but I do wonder whether the same will happen over here when some restrictions are lifted. 

5

...AND FINALLY...

…in other news…

I thought I’d leave you today with the impressive Camouflaged sniper hidden in forest baffles Brits as they struggle to spot him (The Mirror, Paige Holland) and the brilliant Mum shares hilarious result after toddler decorates gran’s Christmas tree (The Mirror, Courtney Pochin) 😂.

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Some of today’s market, commodity & currency moves (as at hrs green is up, red is down). THIS IS INTENDED AS A ROUGH GUIDE ONLY!

FTSE 100 *Dow Jones *S&P 500 *Nasdaq*DAX *CAC-40 *Nikkei **Shanghai **
Oil (WTI) p/bOil (Brent) p/bGold Per t/oz£/$€/$$/¥£/€$/₿

(markets with an * are at yesterday’s close, ** are at today’s close)

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Friday's daily news

Friday 27/11/20

Posted on | by Peter Watson | Leave a Comment on Friday 27/11/20
  1. In BIG PICTURE & BITCOIN NEWS, Merkel suggests closing ski resorts, economic sentiment improves and Bitcoin suffers
  2. In RETAIL/HIGH-STREET NEWS, hopes are high for Black Friday, Klarna benefits, Mulberry does better in Asia and UK pubs warn of more hurt
  3. In TECH NEWS, social media pressures rise, the UK introduces a new digital watchdog and Salesforce/Slack gathers momentum
  4. AND FINALLY, I bring you some impressive dad dancing (not me 😁)…

1

BIG PICTURE & BITCOIN NEWS

So Merkel plays party-pooper, UK economic sentiment improves and Bitcoin falls…

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Merkel calls for closure of ski resorts across EU (Financial Times, Guy Chazan and Sam Jones) shows that Germany’s mum is appealing to the EU to close all ski resorts over the Christmas and New Year period to limit the spread of the virus. In a speech to the Bundestag, she said that “The ski season is approaching, [and] we will push for a vote in Europe to close all ski resorts”. Austria is dead against it as its winter sports industry is a key part of its economy and says that this is an individual country thing and not a Brussels thing. The ski sector accounts for 4% of Austria’s GDP and almost 8% of winter employment. Elsewhere, Italy’s PM wants to see all ski resorts closed but France is currently keeping resorts open at Christmas although ski lifts are be closed (so you will still be OK to ski if you are incredibly fit and can walk up the mountains and/or if you own a helicopter 😂). Many of Switzerland’s largest ski areas are already opening. * SO WHAT? * This is a tough call as both sides have a point. You can understand Merkel’s appeal for unity on this  given that the Austrian ski resort of Ischgl was a notorious coronavirus hotspot during the first wave. Then again, you can understand the other side of this as well because those involved in the industry need to keep things going.

UK’s economy suffers in November but Covid vaccine hopes ease gloom (The Guardian, Richard Partington) is an interesting article that sums up a number of economic indicators that gauge current economic sentiment. It talks about concerns of rising infection rates, lower traffic levels reflecting movement restrictions, vaccine hopes lifting spirits, clothing and secondhand car prices rising, our economy sinking into a double-dip recession as new restrictions hit, rising unemployment, the UK consumer’s last hurrah before Christmas and fast-rising house prices – among other things. FWIW, I think that things will pick up as we head towards Christmas but there could be an almighty hangover in the new year as reality hits – although a thumping “headache” may be avoided if there is more positive vaccine news.

Bitcoin slumps after rallying to all-time high (Financial Times, Eva Szalay) shows that the cryptocurrency fell by as much as 13% to $16,320 in trading yesterday after reaching a new all-time high of $19,510 the day before. * SO WHAT? * Bitcoin has shot up by 50% in the last three months – and by 140% this year – so you have to see this fall in context. This could be a “correction” as traders take profits but it feels different to the boom-bust it had in 2017/8 because the cryptocurrency is becoming more mainstream.

2

RETAIL/HIGH-STREET NEWS

There are high hopes for Black Friday, Klarna benefits, Mulberry sees an Asian uptick and pubs announced more cuts…

Black Friday expected to beat UK online sales records (The Guardian, Zoe Wood) suggests that Black Friday 2020 is going to be a good one for retailers. Since its introduction by Amazon in 2010, Black Friday has become the biggest shopping event of the year and many retailers have jumped on the bandwagon with a range of discounts to tempt shoppers to part with their cash (for instance, Asos is offering up to 70% off and Boohoo up to 90% off!). The internet industry body IMRG said last week that online sales were 56% higher than they were in 2019 and money.co.uk research found that 10% of shoppers were planning to spend much more on Black Friday than last year – £350 on average. * SO WHAT? * While online is clearly going to do well out of this as almost all shops are currently closed, let’s hope that people have enough left over to spread the retail joy when they DO open again. This Christmas, of all Christmases, is going to be the key to survival for many shops.

Shoppers’ online surge pays off for Klarna (The Times, Katherine Griffiths) shows that it’s not just the retailers who stand to benefit from all this Black Friday frenzy. Klarna, the buy-now-pay-later specialist, has seen a huge upswing in the usage of its platform as customers continue to spend more under the pandemic. It said that it saw a 43% hike in the value of transactions in the first nine months of this year and income rose by 37% over the same period. * SO WHAT? * I really am concerned about Klarna. It just sounds to me like a potential disaster waiting to

happen as it is most exposed to the most economically vulnerable group there is right now – young people. These are the same young people who are seeing way higher unemployment levels than their elders and if there’s no money coming in, you do wonder what will happen when they can’t pay. This really needs to be monitored IMO. Payments processing company Worldpay says that buy-now-pay-later is the UK’s fastest growing online payment method – surely that can’t be good right now. Great in a growing economy no doubt, but when all sorts of 💩 is hitting the fan economically I just don’t think it’s good to see this kind of credit rising. 

Meanwhile, on the high street, Mulberry’s push into Asia bears fruit but sales drop by a third (The Times, Tom Ball) shows that sales at Mulberry (where a handbag will set you back £475 to £1,295) have fallen by almost a third in the last six months but its Asian expansion has helped stem the rot. Tiffany also saw a boost from its Asian (specifically, Chinese) operations – so it seems that a pattern may be forming here. It is currently a potential takeover target for Frasers Group, which will be compelled to make a formal offer by the middle of next month after building up a sizeable stake in the company.

Then in UK pubs announce heavy losses and job cuts as Covid curbs bite (The Guardian, Joanna Partridge) we see that companies including Mitchells & Butlers and Fuller, Smith & Turner have all announced major losses and cut about 1,700 jobs between them as the effects of the coronavirus continue to bite. * SO WHAT? * What with this latest tier system and uncertainty about when this is going to end, you can understand the gloom hanging over the industry. IMO, the government is really going to have to step up here because no-one else is going to be able to save them.

3

INDIVIDUAL COMPANY NEWS

Social media faces more pressure, the UK introduces a new watchdog and Salesforce/Slack talk excites…

I think that Social Media’s liability shield is under assault (Wall Street Journal, Ryan Tracy) is really interesting because Section 230 of the Communications Decency Act – the law that has governed social media and other internet businesses and overseen their massive rise – looks like it could be under threat for the first time in its 24-year history. The law has been giving them broad immunity for user-generated content which critics say has resulted, over the years, in companies being allowed to ignore the spread of false and dangerous information. There seems to be a growing sentiment in Washington that this law needs to have a serious overhaul – but for different reasons. Republicans say it’s because it gives the outlets too much power to restrict free speech because they are not liable for removing content but Democrats say that it doesn’t do enough to stop the spread of false news. Tech companies themselves realise the need for better content moderation without admitting to having a major problem. * SO WHAT? * There is clearly a problem here and it’s not immediately obvious who is going to resolve it. Both Biden and Trump have called for its revocation, Congress COULD do it and although the Supreme Court has never really got involved in Section 230, some have said that it is about time it did. Major changes are highly likely to result in a massive and sudden need to employ armies of moderators – or they could stop hosting user posts completely. This is going to be VERY interesting to follow IMO and could have massive implications on all social media companies.

Britain tries to break Big Tech stranglehold (Daily Telegraph, Ellie Zolfagharifard) shows that the Britain has just created a new tech regulator – called the Digital Markets Unit – that will sit within the Competition and Markets Authority as a specialist division that will focus on the stranglehold that Big Tech has on the UK’s £149bn digital sector. It will also cover the news publishing industry. The new regulator will start work in April. * SO WHAT? * It seems to me that pressure is really building against Big Tech, what with the Section 230 thing I just mentioned and other moves to crack Big Tech’s dominance in so many areas. It will be interesting to see whether anything concrete comes of this – I certainly hope so!

Salesforce talks to buy Slack foreshadow showdown with Microsoft (Financial Times, Richard Waters) just builds on what I was talking about yesterday. It makes the interesting point that Salesforce looked at buying Slack last year when it floated last year, but the view at the time was that it would be prudent to wait until its share price got weaker. Salesforce’s share price has risen by 57% since Slack floated whereas Slack’s has fallen by almost 25% in the same time period. Slack has been continuously fighting against the “free” service offered by Microsoft as part of “Teams”. Salesforce/Slack: smells like Teams spirit (Financial Times, Lex) makes the point that a deal would be about broadening the product range rather than saving costs and Slack could definitely do with access to Salesforce’s client base!

4

...AND FINALLY...

…in other news…

I thought I’d leave you at the end of this week with something that will hopefully lift your spirits in Dad hilariously dances in daughter’s video – unaware it’s being sent to teacher (The Mirror, Luke Matthews). Gotta love a bit of dad dancing 🕺!

Watson's Daily is a hard-working start-up striving to help people get a better understanding of the business world. I would really appreciate your involvement in spreading the word and recommending it to your friends, colleagues, relatives etc. by clicking and sharing on the links below. Please help me to help you and I will throw in a small thank-you!

Some of today’s market, commodity & currency moves (as at hrs green is up, red is down). THIS IS INTENDED AS A ROUGH GUIDE ONLY!

FTSE 100 *Dow Jones *S&P 500 *Nasdaq*DAX *CAC-40 *Nikkei **Shanghai **
Oil (WTI) p/bOil (Brent) p/bGold Per t/oz£/$€/$$/¥£/€$/₿

(markets with an * are at yesterday’s close, ** are at today’s close)

Thursday's daily news

Thursday 26/11/20

Posted on | by Peter Watson | Leave a Comment on Thursday 26/11/20
  1. In TECH NEWS, France imposes the digital tax, Facebook makes an error, TikTok gets an extension, Salesforce eyes Slack and IBM announces job cuts
  2. In M&A NEWS, Bertelsmann buys Simon & Schuster, Future buys GoCompare and AA agrees to takeover
  3. In INDIVIDUAL COMPANY NEWS, Netflix ups the budget, De La Rue is in talks about a Covid passport and AstraZeneca’s vaccine faces criticism
  4. In MACROECONOMIC NEWS, Sunak outlines the latest response to an “economic emergency”
  5. AND FINALLY, I bring you a Tom Kerridge Christmas…

1

TECH NEWS

So France braves it against Big Tech, Facebook’s error costs, TikTok gains more time, Salesforce cosies up to Slack and IBM announces job cuts…

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France appears to be willing to brave it alone in France demands digital tax payments from US tech groups (Financial Times, Aime Williams, Hannah Murphy and Victor Mallet) as French tax authorities have decided to push on regardless of the consequences with Washington and demand 2020 tax payments from the likes of Facebook and Amazon. * SO WHAT? * This action is likely to trigger tariffs of 25% on $1.3bn worth of French handbags and make-up as Trump’s lot say that such taxes unfairly target American companies and threatened retaliation. Governments around the world argue that tech companies pay too little tax on the profits they make but not many have the balls to stand up to the tech giants and impose taxes more forcefully. The OECD tried to get some kind of blanket tax agreement across Europe last month but couldn’t get enough countries to agree so another vote has been booted into next year. We’ll just have to see whether Biden will be able to bridge the gap when he comes to office in January but even if we see these companies paying higher taxes I think they are unlikely to suffer! They will just make advertisers pay more and pass any other costs onto customers where they can.

Talking of Big Tech and advertising, though, Facebook’s latest error shakes advertisers’ confidence (Wall Street Journal, Alexandra Bruell and Sahil Patel) shows that the social media giant is offering millions of dollars in credits to some advertisers after discovering a bug in one of its tools (the “conversion lift”) that has shown the wrong

figures on how effecting their ads are. The tool has apparently overestimated ad success in some campaigns for 12 months leading to advertisers overspending. * SO WHAT? * This is not great and it will shake the confidence of advertisers, many of whom are cash-strapped and need to keep a proper handle on budgets. For instance, in retail, marketers are spending 5-10% more on Facebook and other performance-dependent sites in a bid to get more focused bang for their buck. Given the importance to Facebook’s of ad revenues, it will be imperative for the company to show that this is a one-off and not symptomatic of other problems. Ultimately, I don’t think this in itself will be disastrous for Facebook, but if there are more blunders like this to come things could get tricky. It will also play into the hands of those wanting to put more pressure on the company, saying that it’s systems are not reliable enough to handle sensitive data.

In the latest in this ongoing saga, TikTok granted extension on divestiture order (Wall Street Journal, John D. McKinnon) shows that the Committee on Foreign Investment in the US (aka “Cfius”) has granted TikTok and its parent ByteDance a one-week extension on the original deadline to finalise a deal with a buyer to next Friday. * SO WHAT? * There was no official comment from the companies involved, but as I have said before, I think TikTok/ByteDance will do all it can to drag things out for as long as possible so that it can force itself onto Biden’s agenda and potentially get more lenient treatment that it got under the Trump administration.

Salesforce is in advanced talks to buy Slack Technologies (Wall Street Journal, Cara Lombardo, Liz Hoffman and Dana Cimilluca) shows that CRM-supremo Salesforce is in advanced talks to buy Slack Technologies in a deal that could be announced within the next few days. Slack’s market cap is currently about $17bn and if this went ahead it would be Salesforce’s biggest ever acquisition (Salesforce’s market cap is about $230bn currently). * SO WHAT? * I think this would be a really powerful combination and will edge Salesforce ever closer to its goal of becoming a broader software provider, expanding out of its traditional niche. I really think that this acquisition could make the enlarged entity more of a serious competitor to Microsoft! Interestingly, Slack’s share price went up by 30% on the rumours whereas Salesforce’s dropped by 5% so it seems that investors may need convincing of the merits of a deal!

Elsewhere in tech, UK and Germany in firing line as IBM cuts jobs (Wall Street Journal, Morgan Meaker) shows that the company is expected to cut around 2,000 jobs in the UK and Ireland as part of a programme of 10,000 job cuts across Europe in a bit to slim down costs. This is the equivalent of 20% of the European workforce but the UK and Germany will suffer the most.

2

M&A NEWS

Bertelsmann buys Simon & Schuster, Future eyes Gio Compario and the AA agrees to a PE takeover…

In a quick scoot around M&A news today, Penguin owner adds Simon & Schuster to its bulging bookshelf (The Times, James Dean) shows that Bertelsmann, the company that owns Penguin Random House, is about to buy Simon & Schuster for almost $2.2bn that will confirm its position as the world’s biggest publisher, putting more distance between it and second-placed Harper-Collins, which is owned by News Corp. The deal now has to get past regulators.

Investors quit Future after surprise takeover bid for GoCompare (The Times, Ben Martin and Simon Duke) highlights a massive 16.7% fall in the share price of Future, the magazine publisher, as it announced plans for a £500m cash-and-shares deal to buy GoCo Group, the parent of GoCompare. This would be a big acquisition to swallow for the publisher as it continues to pursue its online strategy and provide customers with more services in finance, including price comparison.

Then in AA agrees £219m takeover deal with private equity investors (The Guardian, Jasper Jolly) we see that the AA has agreed to be taken private in the bid flagged earlier this week with private equity firms TowerBrook and Warburg Pincus. The new owners plan to upgrade the AA’s existing infrastructure and offer new products and services – but I imagine that, being private equity firms, they will also be doing a load of cost cutting as well.

3

INDIVIDUAL COMPANY NEWS

Netflix spends, De La Rue tries to drum up business and AstraZeneca’s candidate faces criticism…

Britain is a jewel in the crown for Netflix filming (The Times, Tom Ball) shows that Netflix is to boost its production spend in the UK by 50% to £750m after successes of productions including The Crown and Sex Education. This news comes hot on the heels of last month’s announcement that the company would treble its office space. * SO WHAT? * This will be great news for an industry that has suffered tremendously under the pandemic. As productions have shut down for so long, content for the hungry streamers has been running down quite considerably – so investment in making more will come as very welcome news for many.

In other news, Banknote printer De La Rue reveals Covid passport talks (Daily Telegraph, Alan Tovey) shows that De La Rue is holding talks with governments and pharmaceutical companies about producing “Covid passports” with security seals and tracking systems that guarantee the authenticity of vaccines and tests. This all sounds great, but this is just talk for now. Worth bearing in mind, though…

Then in Doubts raised over AstraZeneca-Oxford vaccine data (Financial Times, Donato Paolo Mancini, Anjana Ahuja and Clive Cookson) we see that concerns are growing about the touted efficacy of the Brit vaccine as some say that there’s been a bit of manipulation on the data that has been made public so far. * SO WHAT? * IMO, this goes to show that the euphoria that follows these announcements should be tempered given how fluid the situation is. The search for effective vaccines continues…

4

MACROECONOMIC NEWS

Sunak gets real and does what he can…

Sunak warns of ‘economic emergency’ as borrowing hits record £394bn (Financial Times, Chris Giles, George Parker and Jim Pickard) highlights the dire economic circumstances that we find ourselves in as a country as Rishi Sunak announced his new Spending Review. He cut

government spending plans, froze public sector pay increases and cut overseas aid spending but promised to invest in schools and hospitals while continuing to support businesses. He also announced a new “levelling-up fund” of £4bn that councils will be able to apply for to get grants in addition to a new national infrastructure fund. * SO WHAT? * He has one tricky job. I would say that all these spending plans are probably causing opposition parties to scratch their heads as they always tend to tout the benefits of increased spending – but the Conservatives are (uncharacteristically!) having to do that anyway. It’ll be interesting to see whether they can do much to change their own policies to be markedly different.

5

...AND FINALLY...

…in other news…

I thought I’d leave you today with an idea for Christmas dinner (if you’ve got the money!) in Tom Kerridge leaves people divided over £350 Christmas dinner you cook at home (The Mirror, Rosaleen Fenton). It sounds great if you can do/afford it!

Watson's Daily is a hard-working start-up striving to help people get a better understanding of the business world. I would really appreciate your involvement in spreading the word and recommending it to your friends, colleagues, relatives etc. by clicking and sharing on the links below. Please help me to help you and I will throw in a small thank-you!

Some of today’s market, commodity & currency moves (as at hrs green is up, red is down). THIS IS INTENDED AS A ROUGH GUIDE ONLY!

FTSE 100 *Dow Jones *S&P 500 *Nasdaq*DAX *CAC-40 *Nikkei **Shanghai **
Oil (WTI) p/bOil (Brent) p/bGold Per t/oz£/$€/$$/¥£/€$/₿

(markets with an * are at yesterday’s close, ** are at today’s close)

Wednesday's daily news

Wednesday 25/11/20

Posted on | by Peter Watson | Leave a Comment on Wednesday 25/11/20
  1. In MARKETS, CRYPTO & VACCINE NEWS, US stocks rise, Bitcoin breaks $19k and Sputnik is looking good
  2. In RETAIL NEWS, we look at the problems faced by global retailers as well as the fortunes of Best Buy, Debenhams, AO World and Pets at Home while Sainsbury’s offers in-store Patisserie Valerie and I bring you the latest retail catchphrase
  3. In CORONATRENDS NEWS, we look at Peloton frustration, Camelot’s triumph and Compass’ thoughts on the effects of WFH
  4. In MISCELLANEOUS NEWS, India bans more Chinese apps while Accor and Hoxton cosy up
  5. AND FINALLY, I bring you something you might not have known about biscuits…

1

MARKETS, CRYPTO & VACCINE NEWS

So the Trump Bump gives way to the Biden Boost, Bitcoin smashes through new highs and Russia touts the superiority of its vaccine…

*** 📣 Watson’s Daily is going to start a monthly competition for SILVER members. The prize will be three weeks of commercial awareness sessions with me! More details to come…***

Biden boost pushes Dow past 30,000 for first time (The Times, Robert Miller) shows that US markets are shrugging off rising incidences of Covid as investors put their money on a rapid economic recovery in 2021. A combination of more positive vaccine news, Trump’s capitulation that paves the way for Biden to slide into office in January and the prospect of Janet Yellen (ex-Fed chief) helped sentiment. It certainly looks like there’s a lot of optimism priced in at these levels!

Meanwhile, Bitcoin price reaches three-year high of more than $19,000 (The Guardian, Julia Kollewe) highlights Bitcoin’s continue strength as it smashed through $19,000 for the first time in three years, coming within touching distance of its all-time high. Bitcoin has risen by almost 40% in November and by about 160% this year. PayPal has just launched a cryptocurrency trading platform and is rumoured to have bought about 70% of all new bitcoin in

circulation. In addition to this, Chinese authorities appear to be cracking down on cryptocurrency exchange, putting Bitcoin miners under pressure – thus restricting the amount of new bitcoin in circulation. * SO WHAT? * This is an incredible performance. However, one player buying 70% of new bitcoin sounds like a disaster waiting to happen to me. Still, momentum says otherwise and as long as bitcoin remains in short supply the rise looks like continuing! 

I’m sure that Russia says Sputnik virus vaccine more effective than Western rivals (Financial Times, Max Seddon and Donato Paolo Mancini) will come in for a lot of scepticism but Moscow’s state-run Gamaleya Institute said yesterday that interim results from phase 3 trials show efficacy rates of “above 95 per cent”, which is clearly better than what everyone else has come up with so far. The Sputnik V vaccine is being touted as an alternative to the Moderna, AstraZeneca/Oxford Uni and Pfizer/BioNTech candidates already on the table. Critics highlight its small sample sizes and rush to approve, but you know what – as a human being – I hope it really is that effective. It probably is a gamble, TBH, but better to be lucky than good, I think! * SO WHAT? * Russia has been busy on the vaccine front and it was the first country to register a Covid vaccine in August when it was approved BEFORE phase 3 trials. A second vaccine manufactured by Vektor was approved last month and a third is expected to get the government green light next month. What IS interesting, however, is that President Putin himself has not yet decided whether to take a vaccine himself! Talk about “Do as I say, not as I do!”!!! 

2

RETAIL NEWS

Retailers continue to enjoy mixed fortunes and I bring you the latest retail catchphrase…

In Tourism slump hits global retailers (Financial Times, Alistair Gray and Mamta Badkar) we see that international retailers are feeling the pinch of a lack of tourists. Abercrombie & Fitch is about to accelerate store closures in many major tourist destinations in London, Paris and five other places as the evaporation of tourist traffic has decimated sales that were already flagging before the outbreak. It argues that it is now seeing a much bigger rise in its online sales and that this will cushion any blow from closures. Although Tiffany reported much weaker sales in Europe and the Americas, China sales help Tiffany profits shine (The Times, Robert Miller) shows that a massive jump in sales of over 70% in China helped to bring quarterly profits in above market expectations. No doubt Tiffany’s owner, LVMH, will be purring with pleasure at its new toy 😁.

Best Buy continues Coronavirus-driven gains but warns they will taper off (Wall Street Journal, Dave Sebastian) shows that the consumer electronics retailer continues to benefit from people tooling themselves up over lockdown but it is currently facing supply problems and is concerned about how long the good times can last. Online sales almost tripled in the third quarter but higher supply chain costs are likely to bite if demand slows down. Talking of consumer electronics retailers, Lockdown provides key for AO World’s return to profit (The Times, Ashley Armstrong) highlights the stellar performance it has put in over the last six months. The company saw a massive 53.2% hike in sales as people shopped online in increasing numbers and even its problematic German division was in line to return to monthly profitability. The company is expecting a decent performance for Black Friday. Interestingly, AO World has recently been testing out concessions in Tesco’s larger Extra stores – its first adventure in physical retail – and it was all going pretty well until the second lockdown hit. The two parties appear to want to continue this arrangement on a longer term basis.

Puppy love revival gives lift to Pets at Home (The Times, Ashley Armstrong) shows that more pets have been bought during lockdown, which has done very nicely for Pets at Home as sales of pet supplies continue to climb. * SO WHAT? * Working from home has meant that more people can have a pet and an Ipsos Mori poll found that almost 50% of Britons who own a pet got at least one more during lockdown and 10% of households without intend to get one within the next six months! Despite increased overheads due to temp staff hire and the implementation of safety measures, the company expects full-year profits to come in as expected.

Elsewhere, Sainsbury’s offers a slice of Patisserie Valerie from today (Daily Telegraph, Oliver Gill) heralds a return of sorts of the posh bakery as its products will be on the shelves from today and be rolled out to 250 Sainsbury’s stores by Christmas but Debenhams may close up to 60 stores, putting thousands of jobs at risk (The Guardian, Sarah Butler) shows that Debenhams is now getting to the closing stages of being bought as it turns out that JD Sports is the only one left in the bidding. A deal could be announced before Christmas but it’s not all been finalised yet and could still fall apart. * SO WHAT? * I think that online retailing will continue to rule, lockdown or no lockdown, but physical stores could see an uptick in the run-up to Christmas as a bit of a novelty! The more used to online shopping we become, the more we will continue to use it in future IMO. For the longer term, I think it is imperative that retailers sort out a balance of online and offline presence and that they put more effort into customer experience at their physical stores to give people reasons to go there.

I also wanted to alert you to We’re all cyber now (Wall Street Journal, Aaron Black) as there is a new phrase in town – “Cyber 5”. It is a new term for the five-day shopping period from Thanksgiving to the following Monday and includes Thanksgiving, Black Friday, Small Business Saturday, Cyber Sunday and Cyber Monday. The fact that a Cyber 5 is now in existence highlights how shopping habits have changed. Research firm eMarketer reckons that e-commerce sales will rocket up by 50% on Thanksgiving as more stores will be closed on that day than in the past.

3

CORONATRENDS NEWS

Peloton customers get frustrated, Camelot benefits hugely from lockdown and Compass tries to divine the future…

We all know that there have been major changes in consumer behaviour under lockdown as more people have been working from home. Some Peloton buyers are sick of waiting (Wall Street Journal, Sharon Terlep) shows that home exercisers desperate to get their fix are giving up on Peloton in increasing numbers due to long lead times and delivery delays – so rivals such as NordicTrack and Nautilus are benefitting from Peloton’s woes by customers buying their gear instead. * SO WHAT? * This is a bit of a disaster for lockdown winner Peloton, but there’s not really that much it can do as it is a victim of its own success. I would expect ALL such companies to experience major delays going forward and people will just have to grin and bear it. Mind you, if it gets that bad, maybe it will be good for gyms as people who are fed up of waiting for gear that never arrives will prefer to chance it and work out in public.

Camelot the big lottery winner after ‘seismic’ switch to online (Daily Telegraph, Oliver Gill and Russell Lynch) highlights another lockdown winner as punters switched in their droves from buying National Lottery tickets in shops to going online. * SO WHAT? * Although sales initially fell by 18% initially under lockdown they bounced back strongly as the public switch to playing online, leading to figures for the six months to September hitting record levels.

Compass expects office workers to stay at home (Financial Times, Harriey Clarfelt and Alice Hancock) shows that catering giant Compass is expecting long-lasting effects of lockdown as it expects white-collar workers to work about 2.5 days a week from home, which will cut its annual sales by about 5% as it is exposed to business in office canteens (this accounts for about 20% of revenues currently). In future it wants to concentrate more on businesses in schools, hospitals and care homes – which stay open.

4

MISCELLANEOUS NEWS

India cracks down further on Chinese apps and Accor gets together with Hoxton…

In other news doing the rounds at the moment, India bans 43 more Chinese apps including AliExpress (Financial Times, Stephanie Findlay) shows that India’s crackdown on Chinese apps continues (it already banned over 200 since June) as Alibaba’s AliExpress gets swept up in the crossfire. India’s Electronics and Information Technology ministry ordered the block yesterday for “engaging in activities which are prejudicial to sovereignty and integrity of India”. The testy relationship between India and China continues…

Then in Accor and Hoxton hotel chain to merge boutique brands (Financial Times, Alice Hancock) we see that Europe’s biggest hotel chain, Accor, is merging 25% of its brands with Ennismore (which owns the Hoxton hotel

chain) into a new $1bn boutique hotel company that will operate under the Ennismore name and have a London HQ. * SO WHAT? * Supposedly, this is nothing to do with Covid (yeah right) but that it is more about moving with a trend of customers wanting to go to “destination” hotels (presumably rather than just using them as places to sleep and get a bit of breakfast). The hotels that will be in the new group have revenues of over 40% from food, drink and entertainment and it may be that this move is part of a longer term industry trend of trying to move away from relying on business travellers. I think that this is good, positive action and it will be interesting to see whether this pays off. FWIW, I think that this IS the way to go because if you just want somewhere to stay as a “base” you can save yourself much more money by using budget options whereas staying at a hotel may be increasingly seen as being an integral part of the holiday itself. It’s too early to tell whether this will be a long term trend or not as it is also possible that they will slide back into enticing business customers when behaviour reverts to previous norms.

5

...AND FINALLY...

…in other news…

I thought I’d leave you today with a useful trick if you like biscuits: Dad’s simple hack to reseal biscuit packet is blowing people’s minds (The Mirror, Luke Matthews). I think “blowing people’s minds” is exaggerating somewhat, BUT this is a useful thing to know!

Watson's Daily is a hard-working start-up striving to help people get a better understanding of the business world. I would really appreciate your involvement in spreading the word and recommending it to your friends, colleagues, relatives etc. by clicking and sharing on the links below. Please help me to help you and I will throw in a small thank-you!

Some of today’s market, commodity & currency moves (as at hrs green is up, red is down). THIS IS INTENDED AS A ROUGH GUIDE ONLY!

FTSE 100 *Dow Jones *S&P 500 *Nasdaq*DAX *CAC-40 *Nikkei **Shanghai **
Oil (WTI) p/bOil (Brent) p/bGold Per t/oz£/$€/$$/¥£/€$/₿

(markets with an * are at yesterday’s close, ** are at today’s close)

Tuesday's daily news

Tuesday 24/11/20

Posted on | by Peter Watson | Leave a Comment on Tuesday 24/11/20
  1. In PHARMACEUTICAL NEWS, we take a closer look at the impact of AstraZeneca/Oxford University’s vaccine, Merck buying OncoImmune and Amazon’s recent foray into pharmacy
  2. In RESCUE NEWS, Cineworld gets a lifeline, the AA gets a private equity offer and JD Sports is the frontrunner for Debenhams
  3. In INDIVIDUAL COMPANY NEWS, GM does a big recall and Danone cuts jobs
  4. AND FINALLY, I bring you dishwasher veggies…

1

PHARMACEUTICAL NEWS

So we look at the impact of AstraZeneca’s news, Merck buying OncoImmune and Amazon’s recent move into the pharmacy business…

*** 📣 Watson’s Daily is going to start a monthly competition for SILVER members. The prize will be three weeks of commercial awareness sessions with me. More details to come…***

Oxford-AstraZeneca vaccine results raise hopes for Covid fight (Financial Times, Donato Paolo Mancini and Clive Cookson) highlights yesterday’s good news about results of their late-stage trials. However, an analyst from SVB Leerink, a US investment bank that concentrates on the healthcare sector, criticised recent data releases from pharmaceutical companies and said of AstraZeneca’s effort that he did not think it would win approval in the US – which probably added to AstraZeneca and Oxford University vaccine data disappoints investors (Daily Telegraph, Julia Bradshaw and Tim Wallace) as investors appeared to be underwhelmed by its 70% efficacy rate versus rates in the 90s for Moderna and Pfizer/BioNTech’s candidates. How the Oxford-AstraZeneca vaccine works and why it matters (Financial Times, Clive Cookson and Donato Paolo Mancini) is an excellent article which goes into more depth, which I would really recommend you read if you can. The average efficacy of this vaccine is 70% on the first full shot and then 90% with a lower second dose. This is quite interesting when you consider that efficacy is actually 62% on two full doses! AstraZeneca’s solution is still very compelling for a number of reasons, though – it can be stored long term 2-8ºC (i.e. normal fridge temperature) versus much lower temperatures for Pfizer/BioNTech’s at -70ºC and Moderna’s at -20ºC, which means that this would be more universally useful – and is also pretty cheap to buy as AstraZeneca promised to sell at cost. Each dose costs between $3-4, which is way less than the others. * SO WHAT? * UK health secretary Matt Hancock said that vaccinations could start as early as next month and be rolled out more widely from January. Coronavirus/vaccines: safety in numbers (Financial Times, Lex) says that, along with Russian drugmaker R-Pharm, Brazil’s Fiocruz and India’s Serum Institute, up to 3bn doses could be made next year and the jab would be able to cover 34% of the world’s population if you also include the number of jabs being produced by Pfizer and Moderna. The first countries that will benefit will be those who have pre-ordered successful vaccines (the US, UK, Japan Canada and possibly the EU and Australia) and analysts at Deutsche Bank reckon they will have enough to immunise vulnerable citizens by the first quarter of 2021. Some say that countries like the US, UK, Canada and Japan could reach herd immunity by the middle of next year. Amazing, no?

Vaccination will be ‘a necessity’ for international flights, says Qantas chief (Financial Times, Philip Georgiadis) highlights the potential way forward for air travel and David Powell, medical adviser to industry body Iata, confirmed that this course of action was highly likely. Interestingly, a number of digital health passes have been developed to be able to prove that passengers have had been vaccinated, including the World Economic Forum-backed CommonPass, where a digital certificate is downloaded onto a mobile phone. Test runs have been carried out in places like New York, London and Singapore. Iata said yesterday that it was developing a health pass with IAG, the owner of British Airways but many airlines say that this system will take too much time to implement and that airport testing will be quicker. On a separate note it is interesting to see that in Testing times for employers in rush to offer staff vaccines (Daily Telegraph, Julia Bradshaw) companies won’t be able to “jump the queue” by buying up doses (well not for a while anyway) as all doses have been spoken for, but in future workplace vaccination could become a common occurrence as per the flu jab.

Elsewhere, Merck to buy OncoImmune amid race for Covid-19 treatments (Wall Street Journal, Dave Sebastian) shows that Merck & Co is buying OncoImmune, which has a coronavirus therapeutic candidate, for $425m as it bids to catch up with others in the coronavirus vaccine race. The deal is expected to close by the end of the year.

You may recall that I mentioned Amazon wading further into the world of pharmacies last week. Well Amazon’s drugs unlikely to prove fatal to pharmacies, say experts (Financial Times, Dave Lee and Alistair Gray) suggests that companies such as CVS, Walgreens, Cigna and United Health Group, who saw their share prices fall on the back of that news, will actually be OK. Industry figures have hit back, saying that people “like” going to the pharmacy (really??), that Amazon will not be able to deal with all drugs anyway and that customers won’t trust Amazon enough to go to them for everything (Walgreens Boots Alliance CFO James Kehoe said in a recent speech “When you want to go and get your Covid vaccination, are you going to call Amazon or are you going to call Walgreens or CVS?”). * SO WHAT? * This all sounds a bit like denial to me. OK, so Amazon doesn’t have the range and it may not have the discounts that other operators in this space currently have because their relationships aren’t as broad BUT Amazon has firepower and can very much afford to take over this space. I would be very worried if I was a smaller competitor…

2

RESCUE NEWS

We see that there are a few companies who are being rescued at the moment…

There’s a whole load of rescuing going on at the moment! In Cineworld shares soar 20% as lenders throw $750m lifeline (The Guardian, Mark Sweney) we see that the world’s second biggest cinema chain has managed to secure loans to weather the coronavirus storms. It had shut all of its 660 cinemas in the US and UK in October and said that it had enough liquidity to make it into next year, as long as cinemas were allowed to reopen by May. This will at least buy the company some time, a fact not lost on investors as they sent the share price northwards!

Elsewhere, AA says it would accept £218m private equity takeover offer (The Guardian, Julia Kollewe) shows that

the AA could return to private ownership as it is getting close to accepting a takeover proposal put forward by TowerBrook Capital Partners and Warburg Pincus. * SO WHAT? * A firm offer must be made by 5pm today under UK takeover rules. Given that the AA has had tons of debt for years, this injection could go some way to easing the stress.

Then in JD Sports in rescue talks to buy all of Debenhams (The Times, Ashley Armstrong) we see that the two retailers are in talks that will definitely anger Mike Ashley who has been rebuffed at least twice in his efforts to buy the ailing department store over three years. JD Sports is talking about buying the whole business and is particularly interested in the company’s website. * SO WHAT? * Nothing is finalised yet and it remains to be seen what JD Sports can really bring to the party here. I am sure that many investors will be worried about whether this could dilute JD Sports’ success.

3

INDIVIDUAL COMPANY NEWS

GM announces a recall and Danone cuts jobs…

In other news doing the rounds at the moment, GM to recall about 5.9million vehicles with Takata air-bag inflaters (Wall Street Journal, Dave Sebastian) shows that the car company failed in its appeal to the National Highway Traffic Safety Administration not to go down this road as it was felt that the Takata inflators installed in GM vehicles are prone to deadly explosions in the event of a crash. Vehicles from 2007 to 2014 will be included. GM said that replacing the inflators would cost about $1.2bn, but it seems it will be fixing them itself. It could well do without this at the moment given what’s going on in the wider economy…

There’s bad news in Danone to cut up to 2,000 jobs (Financial Times, Leila Abboud) as the French food company has decided to wield the axe to 2% of its workforce as part of a company-wide reorganisation and cost-cutting exercise. The company’s share price has fallen by 30% so far this year, so the management is trying to turn things around. * SO WHAT? * This is quite interesting when you consider that rivals such as Nestle and Unilever are doing so well at the moment. It seems that investors have tired of Danone’s inability to deliver on numerous strategic plans in the past and are running out of patience.

4

...AND FINALLY...

…in other news…

I thought I’d leave you today with a weird (and pretty pointless) food “hack” in Woman shares “baffling” guide on how to cook Christmas dinner in the dishwasher (The Mirror, Rosaleen Fenton). Just. Why??

Watson's Daily is a hard-working start-up striving to help people get a better understanding of the business world. I would really appreciate your involvement in spreading the word and recommending it to your friends, colleagues, relatives etc. by clicking and sharing on the links below. Please help me to help you and I will throw in a small thank-you!

Some of today’s market, commodity & currency moves (as at hrs green is up, red is down). THIS IS INTENDED AS A ROUGH GUIDE ONLY!

FTSE 100 *Dow Jones *S&P 500 *Nasdaq*DAX *CAC-40 *Nikkei **Shanghai **
Oil (WTI) p/bOil (Brent) p/bGold Per t/oz£/$€/$$/¥£/€$/₿

(markets with an * are at yesterday’s close, ** are at today’s close)