Morrisons takeover auction won by CD&R with £7bn offer
Private equity firm Clayton, Dubilier & Rice (CD&R) ended the auction takeover against Fortress Investment Group with a winning £7 billion bid.
Auction to resolve Morrisons takeover battle
The stock market’s Takeover Panel has confirmed that an auction involving Clayton, Dubilier & Rice (CD&R) and Fortress Investment Group will take place on 2nd October. Morrisons’ Board of directors accepted a £6.7 billion offer from a US private equity...
Aldi to invest £1.3 billion as sales hit new record
The supermarket chain has pledged to invest £1.3 billion over the next two years in a bid to further accelerate its share of the UK grocery market.
Food supply chain reacts to temporary visa changes
Supermarket chain Aldi UK and supply chain organisation the Food and Drink Federation (FDF) welcomed the news that 10,500 temporary visas would be made available to alleviate the Christmas rush.
John Lewis charters additional ship space to ensure Christmas stock
The company said it was taking a series of measures to ensure their Christmas stock arrives in the UK on time.
Rising food costs drive record increase in inflation
The latest report by the Office for National Statistics (ONS) has found that the Consumer Prices Index measure of inflation for August 2021 hit 3.2%.
