In TECH NEWS, European tech laws loom large, Twitter looks unprepared, Microsoft and Alphabet outperform expectations and Microsoft promises to unbundle Teams. In CONSUMER, RETAIL & LEISURE NEWS, UK grocery price inflation stays high (probably due in part to consumer goods groups shoving price rises through!), Primark's sales climb, Ocado closes a big warehouse, McDonald's has appetite, Pret ups subscription price and Premier Inn rebounds. In FINANCIALS NEWS, First Republic causes another kerfuffle, UBS is looking pretty good but Santander suffers windfall buffeting. In INDIVIDUAL COMPANY NEWS, GM ups its forecasts, Xpeng predicts massive consolidation, Spotify embraces AI and Netflix puts money into South Korea. AND FINALLY, I bring you an unusual sighting...
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