5 Things You Need To Know, Today, on Friday 11th December 2020

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5 Things You Need To Know, Today, on Friday 11th December 2020

5. Shares in holiday booking platform Airbnb have surged on their first day of public trade, giving the firm a valuation of more than $100bn.

The massive listing – the biggest of the year in the US – raised $3.5bn (£2.6bn) for the firm.

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4. Disney has unveiled plans for a major expansion of its Star Wars and Marvel franchises on its Disney+ subscription streaming service.

The company said that its upcoming films Peter Pan & Wendy and Tom Hank’s Pinocchio will be launched directly onto Disney+, skipping theatres.

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3. UK banks can start paying shareholders dividends again, according to the Bank of England.

The Prudential Regulation Authority, a regulator and part of the central bank, said banks are strong enough to do so.

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2. Royal Mail has acknowledged delays to its deliveries amid “exceptionally high volumes” of post and anti-Covid measures.

Despite “exhaustive planning”, some customers may be experiencing “slightly longer delivery timescales” than normal, the postal group said.

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1. Boris Johnson says there is a “strong possibility” the UK will fail to strike a post-Brexit trade deal with the EU.

Speaking for the first time since a crunch meeting in Brussels, the PM said “now is the time” for firms and people to prepare for a no deal outcome.

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