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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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2 Oct 2021 09:42

Battle for Britain's Morrisons culminates in $10 bln auction

By Sarah Young and James DaveyLONDON, Oct 2 (Reuters) - An auction to decide who wins a $10 billion, six-month battle for British supermarket chain Morrisons begins on Saturday, with the result expected to be announced later.The one-day auction pi...

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1 Oct 2021 08:00

PREVIEW-Morrisons' fate to be decided in $10 bln Saturday shootout

By James DaveyLONDON, Oct 1 (Reuters) - The outcome of a $10 billion six-month battle to buy British supermarket chain Morrisons will be decided in a one-day auction on Saturday overseen by the Takeover Panel.The shoot out will pit U.S. private eq...

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30 Sep 2021 13:56

Britain facing mass cull of pigs due to butcher shortage

By James DaveyLONDON, Sept 30 (Reuters) - Britain's farming industry has warned that hundreds of thousands of pigs may have to be culled within weeks unless the government issues visas to allow more butchers into the country.An acute shortage of b...

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29 Sep 2021 10:05

TOP NEWS: Morrisons to go to auction after lengthy bidding war

TOP NEWS: Morrisons to go to auction after lengthy bidding war

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29 Sep 2021 09:45

UPDATE 2-AstraZeneca lifts FTSE 100 to its best session in one week

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* AstraZeneca jumps on completing Caelum Biosciences merger* Retailer Next Group gains on raising profit guidance* Upper Crust owner SSP Grou...

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29 Sep 2021 09:23

UPDATE 2-Morrisons takeover battle will go to UK auction on Oct. 2

(Adds background)LONDON, Sept 29 (Reuters) - A $9.5-billion fight for British supermarket Morrisons will be decided at an auction on Saturday, when two U.S. private equity groups will go head-to-head in up to five rounds of bids.Britain's Takeover...

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29 Sep 2021 09:23

UPDATE 1-Morrisons takeover battle will go to UK auction on Oct. 2

(Adds details)LONDON, Sept 29 (Reuters) - The $9.5 billion fight for British supermarket Morrisons will be decided at an auction on Saturday, when two U.S. private equity groups go head-to-head in up to five rounds of bids.Britain's Takeover Panel...

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29 Sep 2021 09:08

WM Morrison takeover to be decided via auction

(Sharecast News) - British supermarket chain WM Morrison's takeover will be decided via auction on 2 October.

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29 Sep 2021 08:11

Morrisons takeover battle will go to UK auction on Oct. 2

LONDON, Sept 29 (Reuters) - The battle between Clayton, Dubilier & Rice (CD&R) and Fortress Investment Group to buy British supermarket Morrisons will be decided in a one-day auction on Saturday Oct. 2, Britain's takeover regulator said.The Takeo...

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27 Sep 2021 07:54

UPDATE 3-Aldi to invest $1.8 billion in British growth push

* Plans 100 new stores* To create 2,000 new jobs* 2020 sales up 10.2%, profit down 1.2%* Says weathering supply chain disruption (Adds detail, CEO comments)By James DaveyLONDON, Sept 27 (Reuters) - German discount supermarket group Aldi will invest...

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27 Sep 2021 07:54

UPDATE 2-Aldi to invest $1.8 billion to accelerate growth in Britain

* Plans 100 new stores* To create 2,000 new jobs* 2020 sales up 10.2%, profit down 1.2% (Adds details)LONDON, Sept 27 (Reuters) - The British and Irish arm of German discount supermarket group Aldi will invest 1.3 billion pounds ($1.8 billion) in ...

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27 Sep 2021 07:54

UPDATE 1-Aldi UK to invest $1.8 bln to accelerate growth

(Adds detail)LONDON, Sept 27 (Reuters) - The British and Irish arm of German discount supermarket group Aldi said on Monday it would invest 1.3 billion pounds ($1.78 billion) over the next two years to open 100 new stores, as it bids to accelerate...

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27 Sep 2021 07:50

UPDATE 1-Morrisons-CD&R shareholder vote set for Oct. 19

(Adds details)LONDON, Sept 27 (Reuters) - Shareholders in British supermarket group Morrisons will get to vote on the $10 billion takeover offer from U.S. private equity group Clayton, Dubilier & Rice (CD&R) on October 19, it said on Monday.Morri...

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27 Sep 2021 07:17

Morrisons-CD&R shareholder vote set for Oct. 19

LONDON, Sept 27 (Reuters) - Shareholders in British supermarket group Morrisons will vote on the 7 billion pound ($10 billion) takeover offer from U.S. private equity group Clayton, Dubilier & Rice (CD&R) on October 19, the company said on Monda...

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23 Sep 2021 20:19

UPDATE: UK says there is no fuel shortage as BP shuts some forecourts

UPDATE: UK says there is no fuel shortage as BP shuts some forecourts

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