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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Could product passports revolutionise the way we shop?
admin, , Business, 0
For new building 100 Fetter Lane in London, architects Fletcher Priest and engineers Waterman have been asking suppliers to...
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Rishi Sunak warns of tough few months as inflation soars
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“There are desperate stories behind these figures,” Dame Clare Moriarty, the charity’s chief executive, said. “People washing in their...
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KPMG boss Bill Michael quits after ‘stop moaning’ row
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In a video of the meeting widely circulated online, Mr Michael said: “I have spoken to a lot of...
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US jobs creation surges in March as recovery gains steam
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“The better than expected 916,000 rebound in non-farm payrolls in March still leaves employment 8.4 million below its pre-pandemic...
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TGI Fridays: 1,000 UK jobs to go despite rescue deal
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More than 1,000 of TGI Fridays’ UK staff will be made redundant despite a rescue deal from the owners...
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We don’t know how high energy bills will go, says boss
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The department also pointed to schemes currently in place to help those facing high bills, such as the Warm...
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Two million could see energy cut off this winter, charity warns
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In one example, a family made up of a couple with two children under the age of 14 in...
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Pub numbers fall to lowest on record
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Robert Hayton, head of Altus in the UK, said: “Whilst pubs proved remarkably resilient during the pandemic, they’re now...
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