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24.04.26 - 18:00
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Retail sales rise in Great Britain after Iran war prompted ′panic at the pumps′ (The Guardian)
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Rise of 0.7% in March was spurred by motorists filling their tanks, and the sun helping clothing and footwearBusiness live – latest updatesMotorists stocking up on fuel helped to push up retail sales in Great Britain last month as the Iran war prompted “panic at the pumps” amid rapid rises in petrol and diesel prices.The Office for National Statistics (ONS) said the volume of retail sales rose by 0.7% last month, well above analysts' forecasts of just 0.1%. Continue reading......
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24.04.26 - 13:42
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UK Retail Sales Rise Unexpectedly (AFX)
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LONDON (dpa-AFX) - UK retail sales grew unexpectedly in March largely due to a rise in fuel sales as motorists stocked up on fuel amid the war in the Middle East, the Office for National Statistic......
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23.04.26 - 01:18
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Yes, retail investment needs a boost – but the squirrel looks too tame | Nils Pratley (The Guardian)
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Ambition behind investing campaign is laudable, yet cutting stamp duty on share purchases, for example, would be much more savvyCity firms bank on 'savvy' ad campaign to push Brits towards investingRed squirrel characters have a history in the public information game. Older UK readers may recall Tufty, who taught children about road safety in the 1970s. His chum, Willy Weasel, regularly got knocked down by passing cars but clever Tufty always remembered to look both ways.Now comes Savvy Squirrel, who, with backing from the chancellor and a multi-year lump of advertising spend from the financial services industry, will try “to drive a step-change in how investing is understood, discussed and adopted”, as the blurb puts it. In translation: don't squirrel everything away in a boring cash Isa but try taking an investment risk or two if you value your long-term financial health. Continue reading......
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22.04.26 - 23:54
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California Exposes Amazon′s Alleged ′Retail Price Fixing′ In Unredacted Court Filing (ZeroHedge)
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California Exposes Amazon's Alleged 'Retail Price Fixing' In Unredacted Court Filing
California Attorney General Rob Bonta on Monday released a largely unredacted court filing packed with internal emails that allege Amazon strong-armed brands like Levi Strauss and Hanes into pressuring Walmart, Target and other rivals to raise prices - all to protect Amazon's $2.66 trillion empire.
The 19-page memorandum, filed in support of a preliminary injunction in San Francisco Superior Court, paints a picture of coordinated price elevation that Bonta calls “naked” and “per se illegal” under California's Cartwright Act. The evidence builds on documents the Guardian first reported on last week, but goes significantly further by naming major brands and quoting verbatim email chains that had remained heavily redacted until Monday.
"You don't see price fixing so explicitly and egregiously in writing like this," Bonta told reporters, framing the documents as proof that Amazon used its m...
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22.04.26 - 21:18
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Trump′s Shopping Spree for Equity Stakes Nears $21B (Bloomberg)
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Bloomberg's Scarlet Fu joins Dani Burger on "Bloomberg Deals." The Trump administration's $20.9 billion buying spree for equity stakes in private-sector companies is the biggest such push into strategic industries since the Second World War, according to research by the Council on Foreign Relations. (Source: Bloomberg)...
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