StockWatch: Morrison’s Bidding War Rages On!

0 174

CD&R has agreed to provide extra support to Morrisons’ pension funds if it takes over the UK supermarket group.

The company has been embroiled in a long bidding war against private equity firm Fortress to take over, with a £9.7bn offer on the table.

Marks & Spencer will be closing 11 of its French stores because of problems supplying them with foods since Brexit.

The supply chain complexities in place following the UK’s exit from the EU now make it near impossible to serve fresh and chilled products.

Could this affect other European countries too?

Timestamps:

  • MRW 02:10
  • MKS 04:00

Trade over 200 of the hottest stock CFDs with spreads starting from 0.0 pips - Open your Orbex account today!

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

Leave A Reply

Your email address will not be published.