StockWatch: Morrisons Agrees Billion Pound Takeover

Supermarket chain Morrisons has accepted a £6.3bn takeover bid by a US investment group.

The Morrisons chairman, Andrew Higginson, said the new offer was fair and the chain would continue to prosper.

Marks & Spencer has said it plans to close another 30 shops over the next 10 years as part of its turnaround plan.

M&S has already closed or relocated 59 main stores, as well as cutting 7,000 jobs across stores and management.

Is this the start of things to come for the British economy?

Timestamps:

• MRW 02:25
• MKS 03:45

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