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30.03.26 - 08:12
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Pessimism takes root in UK as shoppers struggle to afford essentials (The Guardian)
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Millions are dipping into savings or borrowing to get by as the Iran war drives up prices, survey showsThe Iran war has led to a surge in pessimism in the UK as half of households are already struggling to afford everyday essentials.The escalating conflict in the Middle East, which has driven the price of oil, gas, crop fertiliser and other raw materials sharply higher, threatens to cause another cost of living shock. Continue reading......
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30.03.26 - 07:24
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Big retailers say UK jobs at risk from guaranteed hours reforms (The Guardian)
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More than half of roles could be hit and young shop workers in particular could lose out, trade body warnsMore than half of retail jobs could be affected by reform to guaranteed working hours, making it harder for shops to employ people – particularly young workers – in part-time roles, the industry's lobby group has warned.From April, the Employment Rights Act will introduce new protections for workers on sick pay, sexual harassment, parental leave and trade union recognition. Continue reading......
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27.03.26 - 21:27
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Musk Targets Retail Investors For Up To 30% Of SpaceX′s IPO Shares (ZeroHedge)
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Musk Targets Retail Investors For Up To 30% Of SpaceX's IPO Shares
Elon Musk is planning a highly unconventional IPO for SpaceX, aiming to make it one of the largest public offerings ever, with a target raise in the tens of billions, according to the Wall Street Journal.
Instead of relying solely on the standard investor roadshow, he is considering bringing investors directly to SpaceX sites, where they could tour facilities and potentially witness rocket launches—turning the pitch into an immersive experience designed to build excitement and demand.
A central part of the strategy is reshaping who gets access to shares. Musk wants to allocate a much larger share of the IPO to retail investors—possibly a third or more—far above the typical allocation. He is also exploring giving priority access to loyal supporters, such as Tesla shareholders and individuals who have backed his other ventures, reinforcing his pattern of rewarding his existing base.
The WSJ writes that at the same time, Sp...
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27.03.26 - 15:12
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Latvia Retail Sales Growth Eases To 4.3% (AFX)
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BRUSSELS (dpa-AFX) - Latvia's retail sales growth moderated in February after rebounding in the previous month, figures from the Central Statistical Bureau showed on Friday.Retail sales rose a cal......
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27.03.26 - 14:36
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Ireland Retail Sales Fall 0.8% In February (AFX)
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DUBLIN (dpa-AFX) - Ireland's retail sales decreased in February after rebounding in the previous month, preliminary data from the Central Statistics Office showed on Friday.The volume of retail sa......
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27.03.26 - 12:57
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K-Shaped Economy Bites Back: Retail CRE Transactions For Shops, Malls Plunge (ZeroHedge)
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K-Shaped Economy Bites Back: Retail CRE Transactions For Shops, Malls Plunge
February U.S. commercial real estate transaction activity appeared soft on the surface, but Goldman analysts believe the weak initial print will likely be revised meaningfully higher. The most notable area of weakness in last month's transaction data was across the retail space, which is not especially surprising as the K-shaped economy continues to pressure lower-income consumers.
Goldman real estate analyst Julien Blouin wrote Wednesday that the initial February reading on CRE transaction volumes showed a 13% year-over-year decline. He noted that transaction data from MSCI Real Assets is typically "revised materially higher" and said the early print is not a major cause for concern.
Blouin added that prior months were revised higher by roughly 24% to 25% on average, suggesting the final February reading will likely show transaction growth in the high single-digit territory once the data is finalized.
Febr...
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