Morrisons news and analysis – Page 38
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Comment & OpinionApollo’s bid for Sainsbury’s may be speculation, but UK grocers remain attractive investments
The market has reacted wildly to hints of a bid for Sainsbury’s. But there’s little substance to the report just yet
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NewsTesco, Morrisons, PepsiCo and Danone join Foundation Earth labelling pilot
The non-profit organisation has also appointed Cliona Howie as its executive director
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NewsBottle Up water to roll into Morrisons stores
The deal will see its reusable pre-filled water bottles roll into over 300 stores
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Analysis & FeaturesRegenerative agriculture: why PepsiCo, McDonald’s and Waitrose are jumping on regen ag
Amid concerns over the UK’s food security, nature-based farming is on the rise. Who’s driving ‘regen ag’ and will it become the norm?
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Analysis & FeaturesEx-Tesco CEO Terry Leahy outlines CD&R’s case for buying £7bn Morrisons
‘We want to build on the traditional strengths of Morrisons with innovation, capital and new technologies,’ vows Leahy
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NewsMorrisons agrees deal with CD&R after raised £7bn bid
US private equity giant Clayton, Dubilier & Rice has moved into pole position in the bidding war for Morrisons, having agreed a new £7bn 285p per share deal for the supermarket.
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NewsFood shortages ease… but worst is yet to come as HGV driver crisis continues
As changes to self-isolation rules mean fully vaccinated workers must no longer isolate, new research by The Grocer reveals food shortages have now eased
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NewsCity snapshot: Morrisons agrees to new £7bn CD&R bid
US private equity giant Clayton, Dubilier & Rice has moved into pole position in the bidding war for Morrisons, having agreed a new £7bn 285p per share bid for the supermarket.
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NewsMcColl’s raises £35m to accelerate Morrisons Daily conversions
The convenience retailer said today it is aiming to have converted 350 stores to Morrisons Daily by November 2022
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NewsMorrisons offers free water refills at forecourts nationwide
The trial showed 18% fewer bottles were sold in forecourt kiosks that offered free water refills
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NewsCity Snapshot: CD&R Morrisons deadline extended as bidding war looms
Clayton, Dubilier & Rice has been granted an extension on today’s ‘put-up or shut-up’ takeover deadline to weigh up whether to make a higher bid for Morrisons. Plus, the takeover battle for Vectura intensifies between Philip Morris and Carlyle; and McColl’s shares plunge as it confirms potential fundraise.
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NewsFortress ups Morrisons offer to £6.7bn in attempt to head off battle with CD&R
Fortress Investments and Morrisons has announced they have agreed a new higher 272p per share offer for the supermarket to attempt to head off a possible counter-bid by Clayton Dubilier & Rice
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Grocer 33Morrisons Bathgate: Grocer 33 store of the week
‘Although social distancing is being removed, people are still very aware of their surroundings and aware of each other. I think that will continue’
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Grocer 33Morrisons wins with ‘clean, attractive store’ as rivals struggle with availability
Morrisons Bathgate was described as a ‘very clean, attractive store’
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Grocer 33Morrisons edges out Sainsbury’s and Asda for Grocer 33 pricing win
At £60.38, Morrisons was just 20p cheaper than runner-up Sainsbury’s
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Analysis & FeaturesWhy private equity wants to take UK food and drink assets off the shelf
As the bidding war for Morrisons heats up, which other grocery retailers and suppliers could be vulnerable to private equity approaches?
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NewsMorrisons launches back-to-school packs for shoppers to donate to struggling families
The supermarket has launched ‘back to school pick up packs’ containing essential school stationery such as pens, pencils, rubbers and rulers
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NewsSupermarkets delay complying with CMA call on restrictive land agreements
The Competition & Markets Authority wrote to Sainsbury’s, Morrisons, Asda, Co-op, Waitrose and M&S asking them to demonstrate their compliance
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NewsMorrisons faces break-up risk in private equity takeover, analysts warn
Bernstein said it “struggled to see the returns [for a buyout group] of the current offer without significant asset sales”
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NewsSingapore wealth fund joins Fortress-led consortium on £6.3bn Morrisons takeover
Cambourne Life Investment, a subsidiary of GIC, has agreed to join Fortress Investment Group – alongside Canadian pension fund CPPIB and a subsidiary of US group Koch Industries – as an additional co-investor