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👋Good morning and happy Saturday! You know that moment on a weekend when you finally open the kitchen cupboard you've been avoiding all week and find out exactly what's been going on in there? Business had one of those Fridays. The week ended not with a gentle wind-down but with everyone reaching for their reserves: the emergency tanks, the rainy-day restructuring plans, the charm budgets, the cash set aside for whatever comes next. Big players spent the day trying to buy time, buy goodwill or simply buy calm (results varied). Underneath it all ran one nagging question: who actually has enough in the tank to see out a bumpy autumn? So pop the kettle on, settle into the slowest morning of the week, and let's take a proper look at what yesterday left on the counter.

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