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

UPDATE 1-UK meat industry warns some firms have just five days' CO2 supply

Mon, 20th Sep 2021 09:42

(Adds detail)

LONDON, Sept 20 (Reuters) - Some of Britain's meat
processors will run out of carbon dioxide within five days,
forcing them to halt production, the head of the industry's
lobby group warned on Monday.

A jump in gas prices has forced several domestic energy
suppliers out of business and has shut fertiliser plants that
also produce carbon dioxide (CO2), used to stun animals before
slaughter and prolong the shelf-life of food.

The shortage of CO2, also used to put the fizz in beer,
cider and soft drinks, has compounded an acute shortage of truck
drivers in the UK, which has been blamed on the impact of
COVID-19 and Brexit.

"My members are saying anything between five, 10 and 15 days
supply," Nick Allen of the British Meat Processors Association
told Sky News.

With no CO2 a meat processor cannot operate, he said.

"The animals have to stay on farm, they'll cause farmers on
the farm huge animal welfare problems and British pork and
British poultry will disappear off the shelves," Allen said.

"We're two weeks away from seeing some real impacts on the
shelves. On the poultry side we're hearing they're even tighter
supplies so we might see poultry disappearing even sooner."

Allen said the government was working hard to try and
resolve the issue and could hopefully persuade a UK fertiliser
producer to re-start their plant.

The British Retail Consortium (BRC), which represents
retailers including the major supermarket groups, said the CO2
crisis added to existing pressures on production and
distribution.

"Retailers are working with their suppliers to resolve this
issue, but government must investigate this issue as soon as
possible and work with industry to ensure a solution is found
quickly and problems don’t escalate further," said Andrew Opie,
the BRC's director of food and sustainability.

Foreign office minister James Cleverly said the government
was looking to address short-term shortages.

"We will ensure that we are able to put food on the table,
obviously that is a real priority," he told Sky News.
(Reporting by James Davey; editing by Guy Faulconbridge and
Jason Neely)

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.