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- Today's business and finance round up 30th May 2022
Today's business and finance round up 30th May 2022
Fast fashion favourite on the ropes
30th May 2022
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Bite-sized business news from the UK and beyond
Good morning Congratulations to Nottingham Forest, who yesterday won the Championship play-off final at Wembley, often dubbed the richest match in world football with the winning team receiving a promotion to the Premier League and an estimated £170m.
Today's stories
Fast fashion favourite on the ropes
Investors turn to art in record levels
RETAILFast fashion favourite on the ropes
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Other stories to keep you in the loop
Chelsea sale: Todd Boehly consortium set to complete deal on Monday
Help to Buy application deadline brought forward by 2 months
KPMG to hire 3,500 tech workers for new digital products business
Beckham-backer Authentic Brands Group in talks to seal £300m Ted Baker takeover
Japan to reopen to foreign tourists after two-year pandemic closure
Payments start-up Bolt lays off a third of its 900 staff
INVESTINGInvestors turn to art in record levels
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Pandemic-era online bidding has allowed new buyers to participate anywhere without using an intermediary, creating a new pool of bidders (particularly from Asia).
A steady stream of new billionaires (one for every 30 hours since the pandemic started) getting in on the action has created a demand for lesser-known artists.
Art is seen as a safe investment in an increasingly uncertain stock market, providing stable long-term returns with gains comparable to those of high-yield bonds.
Big names have been hitting the market, not just Andy Warhol but pieces from renowned artists like Jean-Michel Basquiat and Mark Rothko commanded eight-figure bids.
Stat of the day
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More than 16,000 street parties are expected to be thrown over the Queen’s Platinum Jubilee bank holiday weekend
Interesting links from around the web
Advice on how to invest during a recession
Why Gen Z workers are already so burned out
10 uses for baby powder with no baby required
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