Supermarket shake-up: why Asda or Morrisons could vanish within a decade
Talks between Sainsbury’s and Morrisons have set industry tongues wagging, with analysts saying the market is ripe for changeTesco lifts profit forecast and says shoppers are resilientThey may be two of the most recognisable brands in Britain, with a…
Canada’s Weston family buys Boots for $8.9bn
Former Selfridges owners buy UK high street institution from long-term backer Stefano PessinaThe Canadian family that once owned Selfridges department store has bought the UK pharmacy and beauty retailer Boots for $8.9bn (£6.74bn).Wittington Investments,…
Morrisons is not a must-do deal for Sainsbury’s
Odds are good the CMA would approve of a supermarket merger. But does Sainsbury’s need Morrisons?Would competition regulators really smile upon a combination of Sainsbury’s and Morrisons? One must assume the two companies believed the Competition and…
London’s investment bankers and lawyers make more than £1bn in takeover frenzy
Bumper fees paid in the year’s mergers and acquisitions spark anger over high City pay during cost of living crisisLondon’s investment bankers and lawyers have made more than £1bn from a frenzy of takeover deals this year, sparking anger over high City…