Roula Khalaf, Editor of the FT, selects her favorite stories in Unlock the Editor’s Digest for free. UK government borrowing in February exceeded expectations, putting pressure on chancellor Rachel Reeves ahead of the Spring Statement. Reeves faces challenges in balancing the current budget by 2029-30, with forecasts indicating the need for further spending cuts and possible tax hikes to manage Britain’s public finances effectively.
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Why Sezzle Stock Blasted Higher This Week
Shares of fintech company Sezzle (NASDAQ: SEZL) surged nearly 54% as of 12:40 p.m. ET Friday, following strong first-quarter earnings results reported earlier in the week. The buy-now-pay-later (BNPL) company achieved profits exceeding $36 million on revenues close to $105 million, with net income increasing roughly fourfold year-over-year and revenue more than doubling, significantly surpassing analyst estimates according to Zacks consensus. These impressive results have driven investor enthusiasm and contributed to the stock's substantial rise....
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