Features

Quiz of the week 28 November – 4 December

Social media users turned on easyJet this week – but why? And what else happened this week. Test your recollection of the events of the last seven days with MoneyWeek's quiz of the week.

1. Administrators have been seeking a deal since the summer, but after discussions were ended by their one potential buyer, which department store will close all 124 locations?

a. John Lewis, b. Debenhams, c. House of Fraser, d. Matalan

2. Which area saw a 78% year-on-year increase in property sales as people clamoured for its “fashionable enclaves”?

a. Mayfar in London, b. Sandbanks in Poole, c. The Cotswolds, d. Cornwall

3. Which Western nation became the first to approve the coronavirus vaccine, which it will roll out in the coming weeks?

a. France, b. Germany, c. Italy, d. United Kingdom

4. Gitanjali Rao, a 15-year-old scientist, was named Time magazine’s first kid of the year for her invention of which new technologies?

a. A device that identifies lead in drinking water, b. An app that uses artificial intelligence to detect cyberbullying, c. A genetic engineering device that helps the early diagnosis of prescription opioid addiction, d. All of the above

5. The Oxford home of which famous novelist inspired fans – including Sir Ian McKellen, who starred in the film adaptation of the author’s most famous series – to come together to raise £4.5m to turn it into a literary centre in honour of the author?

a. George RR Martin, author of books that inspired HBO’s Game of Thrones, b. JRR Tolkien, author of The Lord of the Rings series, c. JK Rowling, author of the Harry Potter series, d. CS Lewis, author of The Chronicles of Narnia

6. A widow who lived in a small German hamlet stunned fellow villagers after she left them what on her death?

a. Millions of euros in shares and property, b. Dozens of fines for excessive noise, c. €100 cheques each, d. Her house to turn into a village museum

7. How much is Nasa paying Colorado-based company Lunar Outpost to collect a small sample of rocks from the moon?

a. $500, b. $500,000, c. $1, d. $25

8. People criticised airline easyJet on social media after it announced what changes to its services?

a. That passengers would have to pay to use the toilet on its planes, b. That it would launch cheaper short-haul flights where passengers had to stand, c. That it was replacing human stewards with robots, d. That passengers would have to pay extra to use the overhead storage units

9. New York City’s property market has been hard hit by the pandemic, with developers set to lose millions of dollars as luxury apartments in the super-tall towers that seen 57th Street rechristened as “Billionaires’ Row” remain unsold. In 2014, one of the penthouses sold for a record $100.5m. Who bought the property?

a. US president Donald Trump, b. Computer mogul Michael Dell, c. Tesla founder Elon Musk, d. Rapper Kanye West

10. Which video streaming service production enjoyed a £16m tax break from the government due to its contribution to culture and heritage?

a. HBO’S Westworld, b. Netflix’s The Queen’s Gambit, c. Netflix’s The Crown, d. Hulu’s Normal People

Answers

1. b. Debenhams. Debenhams was in talks with JD Sports over a rescue deal but a negative market reaction which saw JD’s shares slide 10% prompted the buyer to pull out, leaving the department store with no choice but to wind down all of its shops.

2. c. The Cotswolds. Estate agent Savills reported 1,636 agreed sales in the Cotswolds between June and November, a 78% increase from the same time last year, says Hugo Cox in the Financial Times. Much of the buying was fuelled by “affluent city dwellers”, mostly from London.

3. d. United Kingdom. Britain approved the vaccine this week, triggering the mass rollout of the Pfizer-BioNTech vaccine. Approval is expected to follow in the US and Europe.

4. d. All of the above. Rao first attracted public attention three years ago when she invented the lead-identifying device, which won her a $25,000 prize in 2017.

5. b. JRR Tolkien, author of The Lord of the Rings series. The crowdfunding drive will aim to transform the author’s home into a centre to inspire future generations of writers. Alongside Sir Ian McKellen, Annie Lennox and Martin Freeman are also among the group of celebrity fundraisers.

6. a. Millions of euros in shares and property. Renate Wedel, who lived on the edge of Weiperfelden, a hamlet north of Frankfurt, left €6.2m in shares and property to the Waldsolms municipality, a collection of six villages in the Taunus nature park. The mayor said the amount is twice the council’s annual budget for investments, and is tax free as local authorities are exempt from inheritance tax.

7. c. $1. The Colorado-based startup bid $1 and won a Nasa contract to complete the mission under the agency’s low-cost lunar resource collection programme announced earlier this year.

8. d. That passengers would have to pay extra to use the overhead storage units. Twitter uses were quick to criticise the airline’s announcement, which will see passengers who don’t buy the add-on restricted to a small bag. Changes to its luggage policy will start on 10 February.

9. b. Computer mogul Michael Dell. A developer’s loss is a buyer’s gain, however, as developers slash the prices of luxury apartments in an attempt to shift unsold property.

10. c. Netflix’s The Crown. Producers are eligible for tax breaks under a scheme that allows scripted productions to claim up to £2m of tax relief per hour of drama if it costs over £10m to produce.

Recommended

Green finance is set to be the most powerful financial repression tool yet
Bonds

Green finance is set to be the most powerful financial repression tool yet

The government has launched its “green savings bond” that offers investors just 0.65%. But that pitiful return is in many ways the point of “green” fi…
22 Oct 2021
Andrew Hunt: why it's a great time to be a deep value investor
Value investing

Andrew Hunt: why it's a great time to be a deep value investor

Merryn talks to Andrew Hunt, author of Better Value Investing, about his adventures in the market's dark underbelly, looking for the hated and neglec…
22 Oct 2021
Equities are not a good inflation hedge
Economy

Equities are not a good inflation hedge

Institutional investors are definitely now worried about inflation. But they're not yet worried enough to flee to cash, says John Stepek
22 Oct 2021
Why fed-up workers are quitting their jobs
Economy

Why fed-up workers are quitting their jobs

Workers are leaving their jobs at an astonishing rate, especially in the US, leading to a shortage of workers. What will that mean for our economies? …
22 Oct 2021

Most Popular

How to invest as we move to a hydrogen economy
Energy

How to invest as we move to a hydrogen economy

The government has started to roll out its plans for switching us over from fossil fuels to hydrogen and renewable energy. Should investors buy in? St…
8 Oct 2021
How to invest in SMRs – the future of green energy
Energy

How to invest in SMRs – the future of green energy

The UK’s electricity supply needs to be more robust for days when the wind doesn’t blow. We need nuclear power, says Dominic Frisby. And the future of…
6 Oct 2021
Why the world’s most important economic data release has unnerved markets
US Economy

Why the world’s most important economic data release has unnerved markets

The US added only 194,000 jobs in September, far shorter than the 500,000 that were expected. John Stepek explains why markets didn't react as they no…
11 Oct 2021