Fancy a Covid jab? Here are all the free walk-in vaccine sites open in London this month July 14, 2021 If you haven’t had a chance to book your Covid-19 vaccination, there are a number of sites accepting walk-ins this July. Anyone over 18 can get their Covid-19 jab in England and those attending sites won’t be required to provide identification, proof of address, or be registered with a GP. If you’re lucky enough to [...]
Morrisons bosses set for bumper payday from private equity takeover July 11, 2021 Three of Morrisons’ most senior executives are set to earn millions from the supermarket’s proposed private equity takeover as scrutiny grows over the deal. Morrisons has accepted a £6.3bn takeover offer by a consortium of funds led by private equity firm Fortress — the latest in a growing frenzy of US buyouts of British firms. [...]
Czech billionaire Křetínský mulls EP Infrastructure listing July 10, 2021 Czech billionaire Daniel Křetínský is mulling a float for his energy firm EP Infrastructure as part of a strategic review into the company. The gas and power distribution firm, which operates in the Czech Republic and Slovakia, made sales of €3.2bn (£2.7bn) last year. The move comes as many investors seek to take advantage of the [...]
Kwarteng to request meeting with Morrisons boss over buyout July 7, 2021 Business minister Kwasi Kwarteng will request a meeting with the boss of Morrisons to seek reassurances over jobs, pensions and the supermarket’s operations ahead of a potential buyout. Ministers will meet with executives at Morrisons ahead of a potential takeover by a consortium of funds headed by New York private equity house Fortress. The meeting [...]
Wetherspoons slams government for ‘behaving like Monty Python’s Dennis Moore’ over VAT rates July 7, 2021 Wetherspoons has hit out at the government for what is believes are unfair VAT rates on hospitality businesses, which could make the sector less competitive post-Covid. The pub chain has accused the government of “unfairness” and of ‘robbing the poor to help the rich’ by levying a higher VAT rate on food bought in pub [...]
KKR sets up dedicated team for snapping up UK companies July 6, 2021 KKR will set up a team of dealmakers who will specifically target more UK takeover deals, as the private equity “raid” on British companies reaches record highs. The private equity giant has announced it will expand its global operations to include a new team of five British dealmakers who will focus on snapping up companies [...]
FTSE 100 lifts as supermarkets drive rally July 5, 2021 London’s FTSE 100 rose on Monday afternoon, driven by a rally in supermarket shares. The capital’s premier index added 0.56 per cent to reach 7,163 in the afternoon session, paring back this morning’s losses. The gains were partly caused by shares in supermarkets rising in afternoon trading after Apollo Global Management announced it was considering [...]
Major investor LGIM calls for more detail on Morrisons property portfolio before voting on takeover July 5, 2021 Legal & General Investment Management (LGIM), one of Morrisons’ biggest shareholders, has called for more detail on Morrisons’ property portfolio before it votes on a private equity takeover bid. Over the weekend Morrisons accepted a £6.3bn takeover offer by a consortium of funds led by private equity firm Fortress. But this morning rival Apollo said [...]
Morrisons: Amazon Fresh deal could be key factor in takeover battle of the summer July 5, 2021 Morrisons’ supply deal with Amazon could be a major factor in what is shaping up to be the biggest takeover battle of the summer, with the scale and scope of Amazon offering bidders a unique chance to be part of what could be a major market upset. This morning Morrisons share price rocketed more than [...]
Bidding war on the cards after Morrisons accepts £6.3bn takeover July 4, 2021 Rival private equity firms are reportedly considering entering a rival bid to Morrisons’ £6.3bn takeover, which was announced yesterday. The UK supermarket chain’s board accepted a 252p-a-share offer by private equity group Fortress, after an earlier £6bn bid by a different firm was turned down two weeks ago. The total value of the deal is [...]