Brits brace for £23 per week jump in cost of essentials as two-thirds fear inflation October 20, 2021 UK households expect to cost of essentials such as food, non-alcoholic drinks, electricity, gas and motor fuel to rise as much as £23 per week by the end of the year according to new research shared with City A.M. this morning. More than 4 in 5 (84 per cent) UK households expect the cost of essentials [...]
The Formula 1 cost cap: Corporations to provide competitive advantage? October 6, 2021 This 2021 Formula 1 season is already proving to be one for the ages but next year’s technical rule changes, largely aimed at levelling the playing field, and the need for continuous improvement mean that teams are already looking ahead. It could be argued that this counterbalance is already coming into effect this season following [...]
Peugeot 508 PSE review: a fast and flawed future classic September 8, 2021 Peugeot launches its PSE performance brand with a 355hp plug-in hybrid. The result is intriguing, but hamstrung by a high price tag.
Morrisons’ messy and dramatic takeover battle: Where are we now? August 20, 2021 Morrisons agreed a £7bn offer late last night in the latest twist in the UK supermarket chain’s dramatic takeover battle. Shares jumped this morning after investors digested the new deal from US private equity firm Clayton, Dubilier & Rice (CD&R). It comes weeks after a rival bidder, a consortium led by private equity rival Fortress, [...]
Morrisons counterbid set to come from another US private equity giant August 1, 2021 American private equity firm Clayton, Dubilier & Rice (CD&R) is reportedly preparing to submit a counterbid for British supermarket chain Morrisons, after a £6.3bn bid from a rival. US buyout giant Fortress had a £6.3bn bid for Morrisons provisionally accepted last month, after weeks of takeover rumours. The Sunday Times reports today that CD&R are [...]
Toyota Yaris Cross Hybrid review: bang on the zeitgeist June 29, 2021 The new Toyota Yaris Cross takes an award-winning small car and makes it larger. Tim Pitt is among the first to drive it.
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 [...]
Electric truck maker Lordstown bosses quit, sending shares tumbling June 14, 2021 One-time electric vehicle darling Lordstown Motors swerved further off course today as the Ohio-based firm’s chief executive and finance chief quit abruptly. At the same time, an internal investigation into the carmaker reported that it had found “issues regarding the accuracy of certain statements regarding the company’s pre-orders”. The revelation, together with the departures, sent [...]
UK car sales up eightfold as market recovers from last year’s skid June 4, 2021 UK car sales increased eightfold last month compared to a year ago as customers continued to return to showrooms and garages. There were 156,737 new cars sold in May, up from a mere 20,247 in the same month in the previous year, when showrooms were closed due to lockdown. However, the statistics, which are compiled [...]
Reopening of showrooms boosts new car sales in April May 5, 2021 The reopening of England’s car showrooms boosted sales of new vehicles in April, prompting the car industry to hail the “light at the end of the tunnel” after lockdown. In total, 141,583 new vehicles were registered last month, a thirty-fold jump on the same month a year ago, when the initial coronavirus lockdown all but [...]