Tuesday 10/05/22

In MARKETS, MACRO & OIL NEWS, global markets weaken, China has issues, Russia is suffering, crypto market value drops and we see how oil companies made their money. In M&A AND IPO NEWS, Philip Morris pursues Swedish Match, Morrisons buys McColl's and Goldman Sachs swerves SPACs. In CONSUMER-RELATED NEWS, European wages rise, higher energy bills are a short and long-term problem, UK consumer spending falls but US consumers keep buying expensive meat. In MISCELLANEOUS NEWS, Ford sells a bit of its Rivian stake while UK electric car sales more than double, BAE Systems and Rolls-Royce get a nuke contract and defence companies experience supply problems.AND FINALLY, I bring you something you didn't know about post boxes...


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