Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMRW.L Share News (MRW)

  • There is currently no data for MRW

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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
More News
4 Oct 2021 17:00

LONDON MARKET CLOSE: Stocks edge lower as Evergrande fears mount

LONDON MARKET CLOSE: Stocks edge lower as Evergrande fears mount

Read more
4 Oct 2021 11:55

LONDON MARKET MIDDAY: FTSE 100 edges up but Evergrande caution lingers

LONDON MARKET MIDDAY: FTSE 100 edges up but Evergrande caution lingers

Read more
4 Oct 2021 09:54

UPDATE 2-Financial, travel stocks weigh on FTSE 100; Morrisons drops

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Morrisons shares drop on $9.5 billion takeover* Trading platform Plus500 gains on strong forecast* AstraZeneca up on breakthrough designati...

Read more
4 Oct 2021 09:50

UPDATE 2-Tech sell-off drags European stocks lower

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Chip, luxury and banking stocks drag* STOXX 600 holds near 11-week lows* Global airlines project sharp reduction in losses next year* Morr...

Read more
4 Oct 2021 09:15

UPDATE 1-Sainsbury's stock higher on hopes of interest from Morrisons loser

(Adds Sainsbury's decline to comment)LONDON, Oct 4 (Reuters) - Shares in British supermarket group Sainsbury's rose as much as 3.7% on Monday on hopes SoftBank's Fortress Investment, which lost out in the auction for Morrisons, may turn its attent...

Read more
4 Oct 2021 09:07

Sainsbury's stock higher on hopes of interest from Morrisons loser

LONDON, Oct 4 (Reuters) - Shares in British supermarket group Sainsbury's rose as much as 3.7% on Monday on hopes SoftBank's Fortress Investment, which lost out in the auction for Morrisons, may turn its attention to an even bigger player in UK g...

Read more
4 Oct 2021 08:46

LONDON MARKET OPEN: London follows Asia lower; airline shares take off

LONDON MARKET OPEN: London follows Asia lower; airline shares take off

Read more
4 Oct 2021 07:05

CD&R wins race for UK supermarket chain Morrisons

(Sharecast News) - US private equity group Clayton, Dubilier & Rice (CD&R) has won an auction for the UK supermarket chains Morrisons with a £7bn bid.

Read more
3 Oct 2021 18:14

Sunday newspaper round-up: Rolls Royce, Food and fuel shortages, Morrisons

(Sharecast News) - Rolls Royce may be set to rake in "billions of pounds" worth of orders for miniature nuclear power stations from countries in Eastern Europe, the head of green investment fund IP3 said. The fund's boss, Mike Hewitt, told the newspaper that nations including Poland, the Czech Republic, Latvia, Hungary, Estonia, and Bulgaria all had aggressive plans to go nuclear. For its part, the company said it was talking to interested parties about export opportunities, including in Europe. It has also secured £210m of funding from the private sector for its small modular reactor programme in the UK. That will unlock the same amount of funds from the government with an announcement expected imminently. - Financial Mail on Sunday

Read more
2 Oct 2021 19:12

Morrisons' board recommends CD&R 287 pence per share offer

LONDON, Oct 2 (Reuters) - The board of British supermarket Morrisons on Saturday recommended a 287 pence per share offer from U.S. private equity firm Clayton, Dubilier & Rice, valuing the UK's no. 4 grocer at $10 billion.CD&R had earlier won an a...

Read more
2 Oct 2021 13:45

TOP NEWS: Morrisons auction battle ends with GBP7 billion win by CD&R

TOP NEWS: Morrisons auction battle ends with GBP7 billion win by CD&R

Read more
2 Oct 2021 12:29

UPDATE 3-CD&R wins $10 bln auction for UK supermarket Morrisons

* CD&R wins auction with 287 pence per share bid* Fortress loses after offering 286 pence per share* Morrisons recommends shareholders accept CD&R's offer* Shareholders to vote on deal on Oct. 19 (Adds Morrisons board recommendation, background)By J...

Read more
2 Oct 2021 12:29

UPDATE 2-CD&R wins $10 bln auction for UK supermarket Morrisons

* CD&R wins auction with 287 pence per share bid* Fortress loses after offering 286 pence per share* CD&R's previous recommended bid was at 285 pence per share* Morrisons board due to meet later on Saturday (Adds background, CD&R and Morrisons decli...

Read more
2 Oct 2021 12:29

UPDATE 1-CD&R wins $10 bln auction for UK supermarket Morrisons

(Adds detail, background)LONDON, Oct 2 (Reuters) - Clayton, Dubilier & Rice (CD&R) has won the auction for Britain's Morrisons with a 7 billion pound ($9.5 billion) bid, paving the way for the U.S. private equity firm to take control of the UK's f...

Read more
2 Oct 2021 12:13

U.S. group CD&R win auction for UK supermarket Morrisons

LONDON, Oct 2 (Reuters) - U.S. private equity group Clayton, Dubilier & Rice (CD&R) has won the auction for British supermarket group Morrisons.The Takeover Panel, which governs M&A deals in the UK and arranged the auction, said on Saturday CD&R h...

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.