‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Whole Foods was Amazon’s grocery debut, now it’s time for a main course November 11, 2021 Amazon took its first major step into grocery when it bought Whole Foods Market in 2017 for $13.7bn. The purchase sent shockwaves through the retail world at the time. It marked Amazon’s first step into brick-and-mortar retail and analysts interpreted the move as an effort to muscle in on the supermarket sector. But Amazon’s Whole [...]
Activist fund Gatemore buys stake in DFS and warns of buyout vulnerability November 10, 2021 Gatemore Capital management has bought a stake in DFS and told its fund investors that the sofa chain is undervalued by public markets and thus ripe for a private equity bid. Adding to its roster of listed British retailers, which includes Moss Bros, French Connection and Superdry, the activist fund told investors last month that [...]
A fallen tree on a railway scuppered Cop26 travel plans – and that was the high point November 2, 2021 Cop26, billed as our last chance to save humanity, went very well. Within hours of wandering into the summit, borrowing a phrase from Greta Thunberg, comparing himself to James Bond, and reminding cows, once again, that they really shouldn’t burp, Boris Johnson saved the world, repaired tense relations with Europe, put the French and the [...]
Tesco and Morrisons lead the charge as UK supermarkets ramp up EV support November 1, 2021 The UK’s supermarkets have ramped up their efforts to support the electric vehicle (EV) push by installing nearly 1,000 new EV charge points at their stores in the past 21 months. Rapid chargers at supermarkets have more than doubled in less than two years, according to data analysed by EV charge point finder Zap-Map and [...]
Darktrace stock continues to fall after analyst comments October 26, 2021 Darktrace may be the darling of the UK tech scene, but their shares are continuing to plummet, 2.33% lower today at 732.5p.
World will ‘never forgive’ leaders for not making hard choices to save planet, says Lord Deben October 25, 2021 The world will “never forgive” leaders for not making the hard choices needed to save the planet from the climate crisis at COP26, chairman of the UK’s Climate Change Committee has said. “We know that we face total destruction and we know how to prevent it, isn’t that a wonderful challenge,” Lord Deben, also known [...]
Number of retail M&A deals soars as buyers eye economic recovery October 25, 2021 The number of M&A deals targeting UK retailers has swelled 28 per cent to 37 in the past year, new analysis has found. City law firm RPC found that the number of deals rose from 29 in the previous year while the Morrisons and Asda deals saw deal value skyrocket. Value has soared more than [...]
Deliveroo keeps going strong in quarter results October 20, 2021 Deliveroo has registered a 58 per cent increase in gross transaction value in the third quarter of 2021, while the growth in active consumers and orders has continued to improve, going up 56 and 64 per cent respectively. “We have continued to make good progress executing against our strategy, resulting in strong performance in the [...]
Deliveroo keeps going strong in quarter results – CityAM : CityAM October 20, 2021 Deliveroo has registered a 58 per cent increase in gross transaction value in the third quarter of 2021, while the growth in active consumers and orders has continued to improve, going up 56 and 64 per cent respectively. “We have continued to make good progress executing against our strategy, resulting in strong performance in the [...]
Morrisons shareholders give seal of approval to $10bn CD&R takeover deal October 19, 2021 Shareholders in Morrisons have voted to approve a £7bn ($9.7bn) takeover bid from US private equity firm Clayton, Dubilier & Rice, in the official end to a long and heated takeover battle. British supermarket Morrisons said the required majority of three quarters of its shareholders backed the deal at a hybrid in-person and virtual investor [...]