Clipper shares climb 14 per cent on GXO takeover offer February 21, 2022 Clipper logistics saw shares climb 14 per cent today following news the company is being courted with a £947m takeover offer from US suitor GXO.
Clipper confirms £947m takeover offer by GXO logistics February 20, 2022 Clipper Logistics has confirmed it is being courted with a £947m takeover offer by suitor GXO, a US logistics giant.
Soaring oil prices lead to bumper petrol profits at Britain’s biggest supermarkets February 13, 2022 Soaring oil prices have led to bumper profits on petrol sales at Britain’s biggest supermarkets, revealed fresh figures released yesterday. Profit margins on petrol sales have nearly tripled since 2019 at the big four food retailers, according to data from RAC. Margins widened to 8.6 per cent last month, up sharply from the 3.2 per [...]
Morrisons’ owners look to ease fears of a shift away from traditional business model February 13, 2022 The private equity owners of Morrisons have looked to ease investors’ fears that they would renege on commitments to the firm’s traditional business model, as they face a mounting interest bill from loans.
Little Moons set to fetch £100m in private equity bidding war February 10, 2022 An ice cream business that boomed in popularity via TikTok is the focus of a private equity bidding war that could value it at above £100m. Little Moons, which creates Japanese mochi ice cream balls, has surged in popularity thanks to a viral TikTok video and now has five private equity firms readying a bid, [...]
M&S remains UK’s fastest growing supermarket catching up with Big Four grocers February 8, 2022 Marks & Spencer has maintained its position as UK’s fastest growing food retailer, market researcher NielsenIQ said today, indicating its turnaround plan is gaining momentum. It said M&S’s sales rose 12.3 per cent in the 12 weeks to January 29 year-on-year, giving it a market share of 3.6 per cent, up 0.4 percentage points on [...]
Asda becomes first supermarket to trial self-checkout automated age verification January 31, 2022 Asda announced it will be the first supermarket to trial automated age verification at self-checkouts, speeding up customer experience.
Warehouse investment hits record levels as e-commerce fuels boom in demand January 31, 2022 Investment into warehousing and logistics hit record levels in the UK last year fuelled by a boom in online retail brought on by the pandemic.
Competition watchdog launches first phase of Morrisons takeover probe January 27, 2022 The Competition and Markets Authority (CMA) launched the first phase of its probe into the takeover of Morrisons by a US private equity giant today. The £7bn deal, which was completed in October, saw Clayton, Dubilier & Rice Holdings (CD&R) remove Morrisons from the London Stock Exchange. The move prompted the CMA to order the [...]
Wayve secures $200m to drive autonomous vehicle tech January 18, 2022 Autonomous vehicle tech firm Wayve has announced a $200m funding injection as it looks to ramp up development of its new AI technology. The King’s Cross-based firm has secured investment from long-term backer Eclipse Ventures, which led the round, with additional backing from firms including D1 Capital Partners and Baillie Gifford and additional support from [...]