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Sunday newspaper round-up: Breast cancer, Food shortages, IAG

Sun, 19th Sep 2021 14:30

(Sharecast News) - The trial of a new drug to treat an aggressive form of breast cancer has "shattered expectations" raising hopes of a "cure", according to its maker, AstraZeneca. The British pharmaceuticals company said three quarters of women in the trial of its new drug, Enhertu, had shown no progression in their disease after 12 months compared with just a third treated with a different medicine. - Sunday Times
Business Secretary Kwasi Kwarteng will tomorrow hold an emergency summit with energy bosses to thrash out a plan to fix the fuel crisis, which has sparked fears of major food shortages. There is growing alarm that the food and drink industry could be badly hit by the closure of two fertiliser plants - in Teesside and Cheshire - due to gas price rises. - Financial Mail on Sunday

The chief executive of British Airways owner IAG has denied widespread City speculation that he is planning to raise billions of euros from shareholders to get the company through the extended Covid crisis. Having seen easyJet tap investors for £1.2 billion in a rights issue earlier this month, focus had turned to IAG with expectations that it would have to follow suit to shore up its finances. - Sunday Times

Prudential is to raise £2 billion on the Hong Kong stock exchange in a move that cements the FTSE 100 insurance giant's focus away from its British base. The 173-year-old insurer intends to use the bulk of the proceeds to pay down debt and give it "financial flexibility in the light of the breadth of opportunities to invest for growth in Asia and Africa". Ultimately it hopes to win a place in the Hang Seng index of Hong Kong's largest companies. - Sunday Times

A cabinet minister has refused to rule out removing the energy price cap but stressed there was "no immediate concern" about energy supply. Alok Sharma, the cabinet minister for the Cop26 summit, said people should be "confident" about energy supplies over the coming months despite surging wholesale gas prices and warnings about resulting product shortages. - Sunday Times

The majority of the UK's small energy suppliers could be left to collapse this winter, the Guardian understands, as the government's crisis talks focus on protecting households rather than bailing out struggling companies. The business secretary, Kwasi Kwarteng, was due to meet the industry regulator on Sunday to thrash out possible options to intervene in the energy market after a recent run of supplier collapses owing to a record rise in global gas and electricity prices. - Guardian

Adzuna, the job search engine used by the Government for live data on the labour market, is planning a stock market listing that will value the company at up to £100m. Launched a decade ago in Clapham, south London, by Andrew Hunter and Doug Monro, the site brings together online job adverts in a searchable form. - Sunday Telegraph

COP26 president Alok Sharma was unable to confirm China would even be sending a delegation to the gathering in November - although he insisted he was "very, very hopeful" they would. The agreement of China, as the world's biggest emitter of greenhouse gases, is seen as crucial if the talks are to succeed in slowing global warming. - The Scotsman

The grocer Morrisons is to begin selling to pubs, restaurants and hotels in a bid to expand its wholesale business rapidly. The FTSE 250 supermarket chain, which is also the UK's second biggest fresh-food producer, is understood to have signed a deal with Starstock, an online portal that enables businesses to order directly from suppliers. The idea is that restaurateurs, hoteliers and pub groups will be able to stock their kitchens with products sourced from Morrisons. - Sunday Times

The majority of the UK's small energy suppliers could be left to collapse this winter, the Guardian understands, as the government's crisis talks focus on protecting households rather than bailing out struggling companies. The business secretary, Kwasi Kwarteng, was due to meet the industry regulator on Sunday to thrash out possible options to intervene in the energy market after a recent run of supplier collapses owing to a record rise in global gas and electricity prices. - Guardian

Rolls-Royce is developing a nuclear reactor that it hopes will be capable of powering mining operations on the Moon and even Mars, The Mail on Sunday can reveal. Dave Gordon, head of the company's defence division, said it is studying how a micro-nuclear reactor could be used to propel rockets while in space at huge speeds. He revealed that Rolls-Royce is investigating whether that technology could then be redeployed to provide energy for drilling, processing and storage for socalled 'Moon mining'. - Financial Mail on Sunday
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5 Dec 2021 18:40

Sunday newspaper round-up: Taylor Wimpey, BT Group, Boots

(Sharecast News) - Elliott Management has been building a stake in Taylor Wimpey, leading to speculation that a bid, possibly from a US-based suitor, might materialise for the construction company. In April, Elliott backed Berkeley DeVeer's takeover of Avant Homes and in November it took out short positions on shares of Bellway and Barratt. The size of the activist investor's stake was unknown. - Financial Mail on Sunday

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29 Nov 2021 13:59

Retailers warn over policing on mask mandates in England

(Sharecast News) - UK retailers warned on Monday they did not expect to police the reintroduction of mandatory mask wearing in shops in England from Tuesday over fears of abuse from customers who refuse to comply.

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16 Nov 2021 10:34

Supermarket visits jump as shoppers look to Christmas

(Sharecast News) - The number of shoppers visiting supermarkets jumped last month, industry research published on Tuesday showed, as consumers got an early start on the festive season.

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9 Nov 2021 10:51

Supermarket prices surge as cost pressures bite

(Sharecast News) - Grocery price inflation has surged to a 14-month high, industry data showed on Tuesday, further squeezing already under-pressure household finances.

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29 Oct 2021 10:39

CMA to investigate CD&R's Morrisons takeover

(Sharecast News) - The Competition and Markets Authority said on Friday that it is investigating US private equity firm Clayton, Dubilier & Rice's £7bn takeover of supermarket chain Morrisons.

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27 Oct 2021 07:52

LONDON MARKET PRE-OPEN: Aveva grows revenue; Fresnillo keeps guidance

LONDON MARKET PRE-OPEN: Aveva grows revenue; Fresnillo keeps guidance

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25 Oct 2021 14:28

IN BRIEF: Morrisons stock to be cancelled on Thursday amid CD&R buyout

IN BRIEF: Morrisons stock to be cancelled on Thursday amid CD&R buyout

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21 Oct 2021 13:40

IN BRIEF: Acquirer CD&R makes tender offer for Morrisons debt notes

IN BRIEF: Acquirer CD&R makes tender offer for Morrisons debt notes

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19 Oct 2021 17:27

IN BRIEF: Wm Morrison shareholders vote in favour of CD&R takeover

IN BRIEF: Wm Morrison shareholders vote in favour of CD&R takeover

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19 Oct 2021 17:13

UPDATE 2-UK supermarket Morrisons' shareholders back CD&R's $10 bln takeover

* CD&R won Oct. 2 auction for supermarket group* Deal expected to complete on Oct. 27 (Adds detail)By James DaveyLONDON, Oct 19 (Reuters) - Shareholders in supermarket group Morrisons on Tuesday approved a 7 billion pound ($9.7 billion) offer from...

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19 Oct 2021 17:13

UPDATE 1-Morrisons shareholders back CD&R's $10 bln takeover

(Adds details)LONDON, Oct 19 (Reuters) - Shareholders in British supermarket group Morrisons on Tuesday approved a 7 billion pound ($9.7 billion) agreed takeover offer from U.S. private equity firm Clayton, Dubilier & Rice (CD&R).Morrisons said th...

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19 Oct 2021 16:44

Morrisons shareholders back CD&R's $10 bln takeover

LONDON, Oct 19 (Reuters) - British supermarket group Morrisons said on Tuesday shareholders at an investor meeting approved a 7 billion pound ($9.7 billion) takeover offer from U.S. private equity firm Clayton, Dubilier & Rice (CD&R). (Reporting ...

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19 Oct 2021 10:24

UPDATE 2-No offer yet: DraftKings gets one more month to bid for UK's Entain

* DraftKings must decide by Nov. 16 on formal buyout offer* Entain says talks on management, plans for BetMGM ongoing* DraftKings says it will continue to engage with Entain (Writes through with deadline extension, adds Breakingviews link)Oct 19 (R...

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19 Oct 2021 10:24

UPDATE 1-Stick or twist? DraftKings weighs Entain bid that could spark battle

(Adds detail, background)Oct 19 (Reuters) - U.S. sports betting firm DraftKings must decide on Tuesday whether to make a formal offer for Entain, potentially kicking off a $22-billion-plus bid battle for the British gambling firm.Shares in Entain,...

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19 Oct 2021 00:01

Morrisons investors set to rubber stamp $10 bln CD&R takeover

LONDON, Oct 19 (Reuters) - Shareholders in supermarket group Morrisons are expected on Tuesday to approve a 7 billion pound ($9.6 billion) offer by U.S. private equity firm Clayton, Dubilier & Rice (CD&R), bringing the curtain down on Britain's m...

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