According to the Financial Times, which along with Sky News, first revealed details of CD&R’s intentions, the US buy-out firm approached Morrisons on 14 June. In addition to the cash offer, CD&R would take on Morrisons’ £3.2bn of debt, taking the total value of any deal to almost £9bn.
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Growing skincare use by children is dangerous, say dermatologists
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She was particularly attracted to a product from the company Bubble, which “when you push down, comes up in...
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Asda boss warns over food price caps as EG Group deal sealed
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Susannah Streeter, head of money and markets at Hargreaves Lansdown, said the idea behind the tie-up was that “by...
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Bank of England governor defends rate hike ahead of looming recession
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In response, Mr Bailey said: “If you go back two years… given the situation we were facing at that...
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Covid: Chaotic start for travellers’ Covid testing system
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Airlines UK, the trade body for airlines, admitted there had been “teething problems”, but said these would be resolved....
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‘We don’t know if we can complete on our new home’
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CTS last posted an update on its website, and on X, on Friday, saying the outage was caused by...
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UK wants to hire EU negotiator to ‘reset’ relations
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The UK government is hiring a new negotiator to help deliver a “reset” of relations with Europe. The job...
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New York Times sues Microsoft and OpenAI for ‘billions’
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As well as these actions, there have been many cases brought against developers of so-called generative AI – that...
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Five reasons why prices and bills are going up
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The chart also shows how there is little bill-payers can do about it. They used to be able to...
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