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Sky News
Prospect of bidding war for Morrisons drives share price surge
Shares in Morrisons surged by more than 11% at Monday’s market open as investors licked their lips at the prospect of a bidding war for the UK’s fourth largest supermarket chain.There is speculation of interest from Amazon and private equity firms after it was announced on Saturday that the FTSE 100 firm had agreed a …
Business
Evening Standard
FTSE 100 set to rise as Morrisons bid shows UK stocks are undervalued
The FTSE 100 Index was today set to build on last week’s strength as the second private equity takeover tilt at Morrisons shone a light on the attractiveness of UK listed companies to foreign buyers.US private equity firms have snapped up UK plcs at their fastest rate in two decades as Brexit has left their …
Business
Sky News
PM set to reveal final step of roadmap plan to ‘restore people’s freedoms’
Boris Johnson will reveal how he plans to “restore people’s freedoms” in England at a news conference today, ahead of the final stage of his roadmap out of lockdown.Downing Street said the prime minister wants to give the public and businesses more time to prepare for the easing of restrictions on 19 July, ahead of …
Business
Sky News
Newcastle suitor Staveley accuses Premier League over £300m Saudi bid
The financier spearheading a £300m takeover of Newcastle United has accused the Premier League of a “closely guarded lack of transparency” and of lacking accountability ahead of legal proceedings that will determine the future ownership of one of England’s biggest clubs.Sky News has seen a letter from Amanda Staveley to Tracey Crouch, who is leading …
Business
Business Live
One of Wales’ leading tech firms expected to come under Chinese ownership
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Business
Business Live
Northumberland gigafactory set to secure planning permission
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Business
Sky News
Retailers call for bill amendment to stop ‘shocking violence and abuse’ of shop workers
Bosses at the UK’s biggest retailers want the prime minister to help stop the “shocking violence and abuse” of shop workers.Executives at Tesco, Sainsbury’s and Primark are reportedly among those to have written to Boris Johnson asking for an amendment to policing laws. Violence against shop workers has bee increasing in recent years, retailers say, …
Business
Business Live
Vaulkhard Leisure takes over seven new Newcastle city centre pubs
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Business
Sky News
New DUP leader says Brexit Protocol hindering economic opportunities for Northern Ireland
The new DUP leader says Northern Ireland risks losing out on economic opportunities because of the Brexit border in the Irish Sea.In his first television interview since taking up the post, Sir Jeffrey Donaldson told Sky News the prime minister needs to restore Northern Ireland’s place in the UK, both economically and constitutionally. The Northern …
Business
Business Live
Supermarket chain Morrisons agrees £6.3bn takeover approach
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Business
Sky News
Petrol hits highest price in nearly eight years after latest monthly hike at the pumps
Petrol is at its highest price for nearly eight years after eight consecutive months of increases at the pumps, figures from the RAC show.The motoring organisation predicted escalating fuel bills, driven by the rising cost of oil, could speed up the switchover to electric cars. According to RAC data, a litre of unleaded rose by …
Business
Evening Standard
Morrisons agrees £6.3bn takeover plan from Fortress-lead investment group
Morrisons supermarket has agreed to a £6.3 billion takeover bid from a consortium of investment groups.Softbank-owned Fortress, Canada Pension Plan Investment Board and Koch Real Estate Investments will pay 252p per share plus a 2p special dividend. The offer is subject to shareholder approval.Andrew Higginson, chairman of Morrisons, said: “The Morrisons directors believe that the …

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