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Soaring borrowing costs heap pressure on indebted UK firms

TheGuardian

Morrisons boss David Potts, in a black open-necked shirt, standing in a garden at the supermarket group’s Bradford headquarters, beside a statue of founder Ken Morrison. Leahy, now an adviser to the buyout giant Clayton Dubilier & Rice (CD&R), had helped it outbid rival US private equity firm Fortress for Morrisons.

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Amazon And Morrisons Tighten Their Partnership With Same-Day Delivery

PYMNTS

who shop at Morrisons will be able to tap into same day grocery delivery. That service went online in June — and internal sources note that so far things have gone well enough to extend the program to thousands of Morrisons’ products. Shares in Morrisons, up 50 percent so far this year, added 0.7 billion pounds ($22.35

Metro 100
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Amazon Expands Call Center Business Technology With Voice Recognition

PYMNTS

As Amazon sees new demand for cloud services because of the pandemic, the company has announced voice recognition as part of its new services suite for call center businesses, Reuters reported. grocer Morrisons. In addition, the report stated cloud services can offer better flexibility and more efficient resources and costs.

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SPACs Now Eyeing Asia For Merger Deals

PYMNTS

SPACs generally operate by raising money through an IPO and then entering into a business combination with a company with existing operations, often through a reverse merger. Torres said he has been in talks with several Asian companies for a possible business combination through his SPAC Poema Global Holdings.

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US Home Sales Hit Highest January Peak In Years

PYMNTS

Sales offices have been busy after a period of rate drops and price growth, especially in Southern California, which saw contract numbers double from a year ago. The expansion is notable, per reports, because Zillow competitor Redfin launched its own Southern California home sales business. .

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Greensill Says Big Firms Require $65B To Pay Suppliers Within 30 Days

PYMNTS

Kate Carnell , the small business ombudsman of Australia, however, called the remark “stupid” and noted “there would be a lot of businesses trading insolvent” if firms didn’t possess the necessary funds to remunerate suppliers on schedule, The Australian reported.

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C2FO Calls For Federal Supplier Payment Program

PYMNTS

government, C2FO is requesting immediate action to offer relief to small and medium-sized businesses in the United States. In the letter, C2FO Founder and CEO Sandy Kemper advocated for a Small Business Supplier Protection Plan that would provide Fortune 1000 firms in the U.S.

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