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Investegate announcements from Project Berry Topco, Expected Intention to Float

A US private equity firm has won an auction for British supermarket group WM Morrison Supermarket PLC, the UK’s Takeover Panel which oversees merger and acquisition deals said on Saturday. The panel said that Clayton Dubilier & Rice LLC (CD&R) bid ￡2.87 per share, beating private equity giant Fortress Investment Group, which bid ￡2.86, the panel announced in a short statement. The winning bid values the company at about ￡7.1 billion (US$9.61 billion), Morrisons said. Shareholders...

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Behind the warehouse lockout in Australia: Coles and the corporate restructuring offensive Australian supermarket and retail chain, the Coles Group, last week “indefinitely” extended the three-month lockout of workers at its Smeaton Grange warehouse in southwestern Sydney. This is part of an attempt by Coles, one of the country’s largest companies and employers, to satisfy the dictates of the global financial markets, which are demanding higher investment returns and share prices. The mos...

Retailers write to PM over pandemic-fuelled increase in store violence Print 5th February 2021 More than 65 leading retailers and industry bodies have written to prime minister Boris Johnson calling on him to take urgent action to tackle violence and abuse towards retail workers. The letter calls for the government “to treat the issue with the seriousness it deserves and improve protection for our employees by creating a new statutory offence of assaulting, threatening or abusing a retail wo...

Government must tighten rules to end shopworker abuse, retailers urge Retailers are urging the Government to improve laws to protect staff from abuse (Dominic Lipinski/PA) The Government must take urgent action to tackle violence and abuse towards shopworkers, more than 65 retail leaders have demanded. In a letter to Prime Minister Boris Johnson, bosses from high street names including Aldi, McDonald’s, Boots and the Post Office, said stronger laws were needed to protect against shopworker ab...

Submitting... The report said: “There were 250 transactions announced up until June, but this increased to 288 deals in the latter half of the year. “At the same time deal values spiked from just short of £8bn in 2019 to £11.6bn this year, a very healthy 45% increase. Yorkshire and Humber-based companies were involved in 9.2% of all UK deals in 2020 and contributed 3.3% to their total value.” Rights issues dominated the top deals for the region within the first six months of 2020, as c...

PLANS have been submitted to repair the roof at Chester Crown Court. The proposal, seen in the Public Notices section of The Standard last week, has been submitted to Cheshire West and Chester Council by HM Courts and Tribunals Service. It calls for repairs to be made to the Grade I listed building at The Castle, Grosvenor Road. Other planning applications, again featured in our Public Notices section, include: Asda Stores Limited is planning to remove conditions 6 and 7 of planning per...

Pandemic heroes dominate New Year Honours List 2021 The New Year Honours List 2021 is remarkable for its recognition of those who have excelled during the Covid-19 public health emergency, including digital and data professionals Share this item with your network: By Published: 31 Dec 2020 15:55 The New Year Honours List 2021 was notable for its recognition of workers in the public and private sectors who went the extra mile during the Covid-19 public health pandemic. These include digita...

A NUMBER of local figures have been recognised in the Queens New Years Honours list. The list includes Kim Leadbeater, the sister of murdered MP Jo Cox, who has been recognised with an MBE by the Palace for stepping up her struggle during the pandemic as millions were suddenly cut off from their support networks. Ms Leadbeater founded the Great Get Together – a series of events within communities to help people create ties and help those who are lonely build support networks, and took ...