Private equity interest: Why is Morrisons such an attractive takeover target? June 21, 2021 Morrisons has rejected a £5.5bn takeover approach from a US private equity firm amid speculation that more UK supermarkets could be snapped up. Shares in Morrisons jumped earlier this morning following confirmation of the rejection at the weekend, as the chain said potential bidder Clayton, Dubilier & Rice “significantly undervalued” the grocer with its 230p-per-share [...]
UK supermarket shares rocket with Morrisons up 30 per cent after takeover bid June 21, 2021 Morrisons’ share price leapt 30 per cent just minutes after the market open this morning, in wake of news a private equity firm approached the supermarket with a £5.5bn takeover bid. In fact, shares in all major UK’s biggest supermarkets soared on this morning after Morrisons rejected a takeover bid from a US private equity [...]
Private equity giant mulls £5.5bn Morrisons takeover June 19, 2021 Clayton Dubilier & Rice (CD&R) is reportedly weighing up a £5.5bn takeover bid for supermarket chain Morrisons. The private equity firm is in the early stages of evaluating an offer for Britain’s fourth biggest supermarket, Sky News first reported, and is understood to have made a preliminary approach to Morrisons’ board. The buyout giant is [...]
A UK-Australia trade deal must address Canberra’s reluctance to tackle climate change June 16, 2021 The new trade deal with Australia is the first building block in the Prime Minister’s vision for a Global Britain, and sets the UK on a firm path to joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. There has already been fierce debate over the contents of the agreement. Environmental concerns must be at [...]
Wanted Down Under: UK signs Australia free-trade deal June 15, 2021 The UK and Australia have struck a trade deal that will see a gradual wind-down of tariffs between the two countries and opens up new work visas for youngsters. PM Boris Johnson and his Aussie equivalent Scott Morrison sealed the deal over a Downing street dinner of Scottish smoked salmon and Welsh lamb last night. [...]
G’day, trade: UK-Australia deal secured over Downing St. dinner June 14, 2021 The broad terms of a UK-Australia trade deal have been agreed over dinner at Downing Street. Boris Johnson and Aussie PM Scott Morrison have shaken on a pact which represents the first major new trade deal signed by the UK since the country’s departure from the European Union. The deal was struck over a dinner [...]
Queen’s Birthday Honours: the full 2021 list June 12, 2021 Below the full list of names for this year ORDER OF THE BRITISH EMPIRE Knights Grand Cross of the Order of the British Empire (GBE) The Rt. Hon. Frederick Richard Penn Curzon, The Earl Howe. For political and parliamentary service. (Amersham, Buckinghamshire) ORDER OF THE BATH Knights Commander of the Order of the Bath (KCB) [...]
Speed shopping: Food delivery space in frenzy as well-funded newcomers eye Deliveroo’s market share June 9, 2021 Getir has become the latest in a raft of fast-growing grocery delivery operators to raise bumper cash injections to fuel ambitious growth plans. The Turkey-based company, which said it can deliver to customers in as little as 10 minutes and launched in the UK in January, secured almost £400m in investment last week, taking its [...]
UK looks to wrap up Australia trade deal in coming weeks June 3, 2021 The UK is aiming to close a free trade deal with Australia in the days after next week’s G7 summit in Cornwall. Both sides said last month that they would aim to sign up to an in principle agreement by June. It comes as the 11 nations of the Comprehensive and Progressive Agreement for Trans-Pacific [...]
UK rallies Australia to up its net zero targets ahead of G7 summit June 3, 2021 The UK is rallying Australia to up its emission reduction target for the 2030s, the British high commissioner has said today, suggesting 2050 will be too late. Ahead of the UK hosted G7 meeting next week, British high commissioner Vicki Treadell said the UK was asking all attending nations to raise their interim net zero [...]