Even entertaining a nappy tax exposes No10’s muddled plans for plastic waste and climate change September 1, 2021 When I saw the front page of the Daily Mail over breakfast this morning, I nearly choked on my Shreddies. It’s possible George Eustice did, too, given his department rapidly denied today’s headlines that government is contemplating a levy on disposable nappies. Perhaps someone in Whitehall got the wrong end of the stick. Considering Ministers’ contempt for [...]
Even entertaining a nappy tax exposes No10’s muddled plans for plastic waste and climate change – CityAM : CityAM September 1, 2021 When I saw the front page of the Daily Mail over breakfast this morning, I nearly choked on my Shreddies. It’s possible George Eustice did, too, given his department rapidly denied today’s headlines that government is contemplating a levy on disposable nappies. Perhaps someone in Whitehall got the wrong end of the stick. Considering Ministers’ contempt for [...]
McColl’s share price falls after cash call comes up short August 31, 2021 McColl’s shares were down more than four per cent in early trading Tuesday after an attempted cash call came up slightly short. The convenience store had been looking to raise around £35m-worth of finance to expand its partnership with takeover-target Morrisons. The firm had hoped an open offer would raise £5m of the figure, but [...]
Morrison Foerster are first law firm to mandate vaccines for London lawyers August 26, 2021 Law firm Morrison Foerster have publicly announced that its lawyers must be fully vaccinated against covid-19 to return to the London office. Morrison Foerster, also known as MoFo, will make covid-19 vaccinations mandatory from 13 September for those coming back to the office, where they will also need to wear a mask in common areas [...]
Qantas targets December international flights after AU$1.8bn loss August 26, 2021 Australian carrier Qantas said that it was aiming to restart flights to international destinations with high rates of vaccination in December after falling to a AU$1.8bn (£950m) annual loss. Under current plans, the airline will recommence flying to countries such as Singapore, Japan, the United States, Britain and hopefully New Zealand by the end of [...]
Just Eat and ITV set to be booted from FTSE 100, while Morrisons and Meggitt could be added August 25, 2021 Takeaway delivery service company Just Eat Takeaway.com is set to be booted from the FTSE 100 after the index’s watchdog ruled it was a Dutch rather than a British company. FTSE Russell, the global index provider that recommends which listed companies should join or be removed from London’s premier index, ruled that Just Eat should [...]
Pension trustees warn Morrisons bidders of risk to retirement pots August 25, 2021 Private equity firms circling Morrisons have been warned buyouts would hinder its ability to support staff retirements by pension trustees. Trustees of pension assets worth £5.5bn said the proposed buyout would undermine the covenant protecting the retirement funds of members. Both Clayton, Dubilier & Rice and Fortress should offer improved financial security to scheme members [...]
DEBATE: Are overseas private equity bids good news for the UK? August 24, 2021 Morrisons has accepted a £7bn bid from US private equity firm Clayton Dubilier & Rice. The fierce competition from US investors to buy the British supermarket giant has prompted concerns over what an injection of foreign money would mean for the high street stalwart. Ewan MacKinnon and Fraser Thorne take on the debate: Ewan MacKinnon, [...]
Supermarket sellout: After Morrisons, private equity firms are circling Sainsbury’s August 23, 2021 Private equity companies are circling British supermarket group Sainsbury’s with a view to possibly launching bids of more than £7bn. Watch the full report.
Sainsbury’s shares rocket: Investors eye supermarket’s property portfolio August 23, 2021 Sainsbury’s shares were up 15 per cent cent after reports that a private equity giant is poised to launch a bid topping £7bn. Shares in J Sainsbury rose by 15 per cent on Monday to 338.89p, after closing on 294.70p. Apollo Global Management is reportedly considering a bid for the supermarket after previously losing out [...]