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’About that Home Retail bid rumour
There was much excitement around rumoured takeover target Home Retail Group on Tuesday morning.
Its shares shot up 10 per cent as the City woke up to the fact that Madison Dearborn Partners, the US buyout specialist,
Great mysteries of our time… continued
That’s right, at pixel time shares in the loss-making UK internet grocer Ocado were changing hands for 242p, giving it a market value of a cool £1.2bn.
We think the most recent spike has been caused by short covering,
Profiting from the white stuff
Not cocaine but milk.
Now, you probably missed the recent big news in the world of milk – Tesco matching Asda’s promotion on white stuff, reducing the price of a four-pint plastic bottle from £1.53 to £1.25.
Call off the search, ITV edition (update)
It’s over.
As the FT revealed overnight, ITV has finally found a chairman: failed MP former Asda and Energis boss Archie Norman.
And the broadcaster is making the most of Norman’s CV, with a detailed biography in Wednesday’s press release:
UK consumers adopt Depression-era mentality, Asda head says
Sales of home hair-dye kits and frozen food are surging as a Depression-era mentality sets in across Britain, the head of Asda said Thursday. Andy Bond, chief executive of the supermarket chain, said the group’s customers were also cutting back on ready meals and haircuts,
Tesco and Asda in ‘abuse’ probe
Two of Britain’s largest supermarkets have been ordered to hand over millions of e-mails after the UK Competition Commission began investigating complaints of potential abuse of suppliers. Tesco and
Asda mulls Sainsbury antitrust impact
Asda, the British unit of Wal-Mart Stores, is taking advice on whether a bid for rival supermarket chain J Sainsbury would break competition rules, sources familiar with the matter said on Monday, reports Reuters.