Commercial Awareness update 2

Hi everyone,

This week’s news update will just be top headlines for those competing in the BOUCAC competition!

HSBC to buy back $2bn of stock as profit surges 74%

Petrol prices hit record high, says the RAC.

  • Average petrol prices are 142.94p a litre, surpassing the previous record in 2012

Energy Prices put ‘enormous pressure’ on business

  • Business leaders call for an energy price cap for firms already struggling with Brexit and Covid

Second-hand car prices surge amid new car shortage

  • Some used car models are growing in value despite getting older

China’s GDP growth is slowing down 

  • It still grew by 4.9% however in Q3
  • Slowdown due to cooldown in property market and ongoing energy shortages

Bank of England dropped more hints about an earlier-than-expected rate rise and speculation of a rate rise in the November meeting continued to gain traction

City deal making boom has hit a post-financial crisis high with data from Dealogic showing that London’s investment banks have made revenues of over £4.1bn so far this year from advising on flotations, M&A and capital raisings 

Trump announced plans to launch a Media technology business that is set to go public after it merged with a SPAC on Thursday 

Asda piles high with debt after petrol station deal collapses with Issa bros

  • Plugging a £750m hole deal would have generated leaves supermarket chain in a weaker position in a tough economy

PayPal in talks with Pinterest on takeover worth $45bn

  • Approach comes an online payments company uses strong stock price to pursue acquisitions

Trump to launch social media platform to compete with Twitter and Facebook

  • Former US president to go public with Truth Social via merger with blank-cheque company

I hope some of these news stories will help you with the MCQ round today!

Emily – Commercial Awareness Officer 

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