Apollo in talks to join Fortress bid for Morrisons
20th Jul 2021 07:07
(Sharecast News) - Apollo Global Management is in talks with Fortress Investment Group to join its bid for Morrisons and said it would not make an offer for the supermarket group on its own.
Read moreSunday newspaper roundup: Vectura, Sunak, Cobham
18th Jul 2021 11:35
(Sharecast News) - "The head of Marlboro cigarette-maker Philip Morris International (PMI) has hit out at critics of a controversial swoop on a healthcare company, claiming that the acquisition will help achieve its target to make the UK smoke-free within a decade. In the wake of fierce opposition to the deal to buy FTSE 250 inhaler-maker Vectura, André Calantzopoulos, PMI's executive chairman, said the "obsessive focus" by anti-smoking campaigners on Big Tobacco was the "wrong approach", adding that PMI has the "ability and the technology" to address harm from smoking." - Sunday Telegraph
Read moreSunday newspaper round-up: Smiths Group, Virgin Galactic, Sainsbury
11th Jul 2021 18:09
(Sharecast News) - One of Britain's biggest engineering firms is on the cusp of a major break-up after receiving a £2billion takeover approach for its medical division from a US private equity predator. City sources said FTSE 100-listed engineering giant Smiths Group has been holding talks with Boston-based TA Associates. Bankers from Goldman Sachs are said to be working on the deal. - Financial Mail on Sunday
Read moreThursday broker round-up
8th Jul 2021 13:04
(Sharecast News) - Croda International: HSBC upgrades to buy with a target price of 8,600p.
Read moreWednesday broker round-up
7th Jul 2021 14:03
(Sharecast News) - WM Morrison: Berenberg downgrades to hold with a target price of 254p.
Read moreTuesday broker round-up
6th Jul 2021 13:14
(Sharecast News) - WM Morrison Supermarkets: Credit Suisse downgrades to neutral with a target price of 254p.
Read moreCredit Suisse downgrades Morrisons, ups target price
6th Jul 2021 07:59
(Sharecast News) - Credit Suisse said on Tuesday that it believes Wm Morrison Supermarkets could benefit from privatisation, as it downgraded its rating on the chain to 'neutral'.
Read moreMorrisons shares surge as Apollo mulls bid to challenge Fortress
5th Jul 2021 07:03
(Sharecast News) - Shares in UK supermarket chain Morrisons surged 11% on Monday on the prospect of a bidding war as US buyout firm Apollo Global Management said it was considering entering the race after rival Fortress tabled a £6.3bn recommended bid on the weekend.
Read moreSunday newspaper round-up: Return to normal, Morrisons, Binance
28th Jun 2021 00:58
(Sharecast News) - Sajid Javid is to push for lockdown to end "as soon as possible" over fears of the "cost" of shutting down the economy. The newly appointed Health Secretary, who replaced Matt Hancock after he was forced to resign for breaking lockdown rules to conduct an affair with an aide, said on Sunday it was his "most immediate priority to see to see that we can return to normal as soon and as quickly as possible". - Sunday Telegraph
Read moreSupermarket sales ease as shoppers get back to normal
22nd Jun 2021 10:17
(Sharecast News) - Supermarket sales eased over the last three months, industry data showed on Tuesday, as shoppers made more regular trips but spent less.
Read moreMonday broker round-up
21st Jun 2021 13:05
(Sharecast News) - SSE: Jefferies downgrades to hold with a target price of 1,680p.
Read moreMorrisons rejects £5.5bn bid from US private equity firm; Shares surge 30%
21st Jun 2021 07:01
(Sharecast News) - Shares in UK supermarket chain Morrisons surged by more than 30% on Monday after the firm said it had rejected an unsolicited £5.5bn bid over the weekend from the US private equity firm Clayton, Dubilier & Rice.
Read moreEurope close: Stocks down amid inflation worries, Travel and Leisure hardest hit
11th May 2021 17:17
(Sharecast News) - European shares fell back on Tuesday, tracking continued selling on Wall Street amid concern over rising US inflation and what some analysts said was fairly indiscriminate selling.
Read moreMorrisons reports sales slowdown but sees full-year profits growth
11th May 2021 07:03
(Sharecast News) - UK supermarket Morrisons reported a marked slowdown in quarter-on-quarter sales but reiterated guidance for full-year profits growth and lower debt.
Read moreVennells quits Morrisons and Dunelm after miscarriage ruling
26th Apr 2021 07:36
(Sharecast News) - Morrisons and Dunelm said Paula Vennells stepped down as a non-executive director after presiding over a miscarriage of justice when she ran the Post Office.
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