Cost of Christmas dinner jumps as food prices rise
7th Dec 2021 09:41
(Sharecast News) - Food inflation pushed higher last month, industry data showed on Tuesday, with Christmas staples already costing more.
Read moreSunday newspaper round-up: Taylor Wimpey, BT Group, Boots
5th Dec 2021 18:40
(Sharecast News) - Elliott Management has been building a stake in Taylor Wimpey, leading to speculation that a bid, possibly from a US-based suitor, might materialise for the construction company. In April, Elliott backed Berkeley DeVeer's takeover of Avant Homes and in November it took out short positions on shares of Bellway and Barratt. The size of the activist investor's stake was unknown. - Financial Mail on Sunday
Read moreRetailers warn over policing on mask mandates in England
29th Nov 2021 13:59
(Sharecast News) - UK retailers warned on Monday they did not expect to police the reintroduction of mandatory mask wearing in shops in England from Tuesday over fears of abuse from customers who refuse to comply.
Read moreSupermarket visits jump as shoppers look to Christmas
16th Nov 2021 10:34
(Sharecast News) - The number of shoppers visiting supermarkets jumped last month, industry research published on Tuesday showed, as consumers got an early start on the festive season.
Read moreSupermarket prices surge as cost pressures bite
9th Nov 2021 10:51
(Sharecast News) - Grocery price inflation has surged to a 14-month high, industry data showed on Tuesday, further squeezing already under-pressure household finances.
Read moreCMA to investigate CD&R's Morrisons takeover
29th Oct 2021 10:39
(Sharecast News) - The Competition and Markets Authority said on Friday that it is investigating US private equity firm Clayton, Dubilier & Rice's £7bn takeover of supermarket chain Morrisons.
Read moreSunday newspaper round-up: The Hut Group, Bank of England, Gelion Technologies
17th Oct 2021 22:54
(Sharecast News) - Tax law experts claim that British taxpayers will end up subsidising US private equity outfit Clayton Dubilier & Rice's $7bn takeover of Morrisons. On Saturday, MPs and tax campaigners said the deal "stinks" and will probably see the grocer pay less in taxes to the Exchequer. According to Richard Murphy, of Sheffield University Management School: "If CD&R put the debt on to Morrisons to buy it, then the profits are reduced due to the interest payments sent offshore. The Government will be subsidising this if there is debt involved. Is that a good use of taxpayer money?" - Financial Mail on Sunday
Read moreUK grocery sales fall as fuel crisis keeps shoppers at home
12th Oct 2021 07:44
(Sharecast News) - UK grocery sales were curtailed by the fuel crisis last month, industry data showed, while inflationary pressures continued to mount.
Read moreCD&R wins race for UK supermarket chain Morrisons
4th Oct 2021 07:05
(Sharecast News) - US private equity group Clayton, Dubilier & Rice (CD&R) has won an auction for the UK supermarket chains Morrisons with a £7bn bid.
Read moreSunday newspaper round-up: Rolls Royce, Food and fuel shortages, Morrisons
3rd Oct 2021 18:14
(Sharecast News) - Rolls Royce may be set to rake in "billions of pounds" worth of orders for miniature nuclear power stations from countries in Eastern Europe, the head of green investment fund IP3 said. The fund's boss, Mike Hewitt, told the newspaper that nations including Poland, the Czech Republic, Latvia, Hungary, Estonia, and Bulgaria all had aggressive plans to go nuclear. For its part, the company said it was talking to interested parties about export opportunities, including in Europe. It has also secured £210m of funding from the private sector for its small modular reactor programme in the UK. That will unlock the same amount of funds from the government with an announcement expected imminently. - Financial Mail on Sunday
Read moreWM Morrison takeover to be decided via auction
29th Sep 2021 09:08
(Sharecast News) - British supermarket chain WM Morrison's takeover will be decided via auction on 2 October.
Read moreSainsbury's shares spark on takeover defence report
20th Sep 2021 13:45
(Sharecast News) - Shares in J Sainsbury sparked on Monday on reports that the supermarket chain was working with a boutique investment bank to help defend itself from a potential takeover.
Read moreSunday newspaper round-up: Breast cancer, Food shortages, IAG
19th Sep 2021 14:30
(Sharecast News) - The trial of a new drug to treat an aggressive form of breast cancer has "shattered expectations" raising hopes of a "cure", according to its maker, AstraZeneca. The British pharmaceuticals company said three quarters of women in the trial of its new drug, Enhertu, had shown no progression in their disease after 12 months compared with just a third treated with a different medicine. - Sunday Times
Read moreSupermarket prices rise as cost pressures mount
14th Sep 2021 09:53
(Sharecast News) - Supermarket prices rose sharply in September as grocers cut in-store promotions amid increased cost pressures, a survey showed.
Read moreMorrisons sticks to guidance after H1 profit falls
9th Sep 2021 07:07
(Sharecast News) - Morrisons stuck to its full-year guidance as the supermarket chain reported a 37% drop in first-half profit before exceptional items.
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