Hints and tips:
...Apollo has worked on potential deals for grocers Asda and Wm Morrison, gambling company William Hill and, most recently, the more than 200-year-old education group Pearson, but walked away from all of them...
...US private equity group Clayton, Dubilier and Rice has triumphed in the four-month long takeover battle for Wm Morrison with a bid of £9.97bn including debt for the UK’s fourth-largest supermarket....
...Both Fortress and CD&R have given extensive though not legally binding commitments to respect the legacy of Sir Ken Morrison, the son of the founder who turned the company from a small chain of Yorkshire...
...The battle for Wm Morrison looks set to enter a fourth month after shares in the supermarket chain surged above the level of the latest takeover proposal....
...Wm Morrison hinted at improved cash returns to investors after reporting a “good start” to its financial year....
...Morrisons’ high level of store ownership and its commitment to vertical integration were both articles of faith for Sir Ken Morrison, the son of the group’s founder who built the company from a few stores...
...The founder’s son committed the company to low debts, high property ownership and a vertically integrated model in which the grocer produces half the fresh food it sells....
...Bidding wars for Britain’s fourth largest supermarket chain, Wm Morrison, and the German online pet supplies retailer Zooplus underscore private equity’s insatiable appetite for European assets....
...At the glitzy publishing company where Simon has just secured a job as a lowly editor, he does not want it known either that he is Jewish or, worse still, that Ethel was a childhood friend of his mother’...
...Results from supermarket Wm Morrison, Primark owner AB Foods and Sportswear chain JD Sports add a slight retail flavour to the UK earnings calendar....
...Wm Morrison has suggested a suspension of competition rules on collusion among supermarkets in order to better distribute food and groceries....
...The case against him was dropped due to his poor health, while his son Stuart was acquitted in 2015. JJB collapsed in 2012....
...Morrisons was not always so smitten with techie types — Wm’s son, Sir Ken, had said of internet shopping: “I don’t think it is awfully relevant.”...
...He will hand over to his eldest son Crown Prince Naruhito, who becomes emperor on Wednesday, beginning the new “Reiwa” era....
...flick through of 83 selected models (I still have my 30-years-old WM-D6C for playing cassettes on)....
...For anyone familiar with the company his accusations will all have a familiar ring: such as the opaque presentation of free cashflow and the large sums falling sideways to the son of the chairman....
...Historic and pivotal was how Sainsbury’s chairman David Tyler described the company’s plan to merge with Walmart subsidiary Asda when it was formally announced on Monday....
...One possible beneficiary of imposed disposals could be Wm Morrison....
...They have even been granted their own moniker — the “sons of activists”....
...(WSJ) SoftBank’s vision Masayoshi Son, head of the Japanese holding company, says he sees a future where everyone and everything is connected to the internet, traffic accidents don’t happen and robots...
...His son Majid is chief executive and several others work in the company. They have recruited Steve Crossley, who has worked for food businesses Unigate and Northern Foods, as the new chief executive....
...The company also reckons that billions of pounds are lost to customers who lose track of their totals....
...WM Morrisons’ former chairman has admitted he was building a £6m stake in rival supermarket Sainsbury’s at around the same time that he was locking horns with his own company’s management....
...Wm Morrison on Tuesday announced the appointment of former Tesco executive David Potts as chief executive....
...Richard Pennycook, the former Wm Morrison finance chief who is chief executive, has focused on cutting the group’s debt and investing in convenience stores to attract new customers....
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