The private equity suitor seeking to buy Morrisons should increase its offer to £6.5bn if it wants the takeover to succeed, JO Hambro, a top shareholder in the supermarket has said (The Telegraph). A top Morrisons shareholder has said a bid near £6.5bn for the supermarket chain should be considered by the board (The Daily Mail).
Takeaway stocks were given a much-needed boost last night as England romped to victory at Wembley. The industry always performs well when England enter the final stages of a big football competition and that will be music to the ears of investors who had already sent Just Eat Takeaway to the top of the FTSE 100 leaderboard. (The Daily Mail)
UK pubs and restaurants that only recently reopened are being forced to close because of staff having to self isolate, exacerbating already acute labour shortages across the industry (The Financial Times £). Industries from haulage to hospitality are facing a “perfect storm” of issues creating staff shortages as the economy reopens, the president of the CBI is warning (Sky News).
A winner of one of Brewdog’s “solid gold” beer cans has asked the advertising watchdog to investigate its claim the prize is worth £15,000 (The BBC). A man who won a “solid gold” can of BrewDog beer has been left disappointed after the prize, which the Scottish brewery claims is worth £15,000, turned out to be largely made of brass (The Guardian).
International travel restrictions may be causing havoc to airlines and tour operators, but they are helping to get Britain’s restaurants back on their feet. Tasty, the Aim-listed operator of the Wildwood and dim t brands, issued a trading update yesterday citing the effective overseas travel ban as a factor in the strong sales in its outlets since the easing of lockdown restrictions. (The Times £)
Cosmetics retailer Revolution Beauty is set to join the London stock market next month in a listing that could be worth £500m (The Daily Mail). The founders of an eight-year-old make-up brand are set to land a £50m windfall as the company prepares for a stock market debut in London (The Telegraph).
Consumer companies develop paper alternatives to plastic packaging – Nestlé, Unilever, Diageo and Mars among groups developing materials that can be easily recycled. “Smarties are just one of a growing number of consumer products switching to from plastic to paper packaging, as awareness grows of the emissions impact of plastics made from fossil fuels — as well as the ocean pollution caused by plastic waste.” (The Financial Times £)
Wensleydale Creamery cracks EU exports – Yorkshire cheesemaker explains what it has changed so it can deliver to the EU and Northern Ireland post-Brexit. (The Times £)