5 Things You Need To Know, Today, on Tuesday 29th September 2020
Justin Waite
5 Things You Need To Know
05:13, 29th September 2020

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5 Things You Need To Know, Today, on Tuesday 29th September 2020

5. All seven members of South Korean K-pop group BTS are set to become multi-millionaires, when their label Big Hit Entertainment goes public in October.

Soaring demand for shares in Big Hit has given it a market valuation of £3.2bn ($4.1bn), with shares priced at the top of the expected price range.

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4. Asda could return to UK ownership for the first time in 20 years after a group comprising the billionaire Issa brothers and TDR Capital emerged as frontrunners to buy the supermarket.

It is understood the Blackburn-based brothers and the private equity firm have been named as preferred bidders, which has been owned by US giant Walmart since 1999.

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3. The Bank of England (BoE) deputy governor has spoken out against setting negative interest rates, which would bring the cost of borrowing below zero.

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2. More than one in three young people say they have lost hope of getting their dream job because of coronavirus, the Prince's Trust has said.

The charity said a survey of 2,000 people aged 16 to 25 across the UK showed 44% had lower aspirations for the future as a result of the pandemic.

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1. Britain will launch training options for adults to learn new skills in an effort to boost productivity and help the country recover from the coronavirus crisis, Boris Johnson will announce today.

The unemployment rate, already at over 4%, is expected to rise further as a job subsidy scheme put in place early in the pandemic expires next month to be replaced by a scaled-back job support programme.

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The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

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