Spacs, which became a major story in the US stock market at the start of this year, are shell companies that are set up with the sole purpose of merging with a private firm to take it public. However, they have lost much of their lustre after some of the companies that merged with them failed to deliver on their ambitious financial projections.
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Nike and Costco warn of product shortages and delays
admin, , Business, 0
“The factors pressuring supply chains and inflation include port delays, container shortages, Covid disruptions, shortages on various components, raw...
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Tesla to recall 475,000 cars in the US
admin, , Business, 0
In another Safety Recall report, also filed on 21 December, Tesla notes the fault could mean, if the primary...
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UK wages fall at record rate as prices soar
admin, , Business, 0
Separately, the ONS also revealed that quarterly job vacancies fell for the first time since 2020. Between May and...
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When should I turn the heating on?
admin, , Business, 0
Image source, BBC/GettyImage caption, Is it time to turn the heating on? The temperature is dropping again, and many...
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Ocado sales hit as workers return to the office
admin, , Business, 0
Susannah Streeter, senior markets analyst at Hargreaves Lansdown, said: “For now it does appear that some pandemic habits are...
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What are the new rules for fitting energy pre-payment meters?
admin, , Business, 0
Ofgem believes suppliers should be allowed to retrieve their debts. However, under new rules, suppliers must give customers more...
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Why US tech giants are threatening to quit the UK
admin, , Business, 0
Against this backdrop, we have a self-proclaimed pro-tech prime minister, Rishi Sunak. He is trying to entice the lucrative...
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