Morrisons' bidding war: buyers promising to do right by staff and customers are wearily familiar

By Steven McCabe, Associate Professor, Institute for Design, Economic Acceleration & Sustainability (IDEAS), Birmingham City University

British supermarkets are generally viewed as a sound investment for those wanting steady if not spectacular returns. Shoppers may regard them as essential, especially during the pandemic, but over the years their asset worth has not risen comparable to, for example, tech stocks.

This may be about to change because of the “bidding war” currently underway for supermarket chain Wm Morrisons. The fourth-largest chain in the UK after Tesco, Sainsbury’s and Asda, with 10% of the groceries market, Bradford-based Morrisons is being pursued by several American private-equity suitors.
…

Read complete article

~	South Africa’s constitution was set up as the bedrock of its democracy: it’s been challenged over last 30 years, but has held firm

~	‘Polite littering’ is a rubbish problem – here’s why the British approach to tackling clean ups is not working

~	TikTok users claim freezing bread can make it healthier – here’s what the science actually says

~	Purple Hibiscus: Ibrahim Mahama’s Barbican installation wraps the brutalist building in bright cloth and reveals a hidden history

~	Liz Truss’s lessons on how not to be a prime minister

~	Focus on Rwanda’s safety is a distraction from the dangerous conditions for asylum seekers in the UK

~	Think you’ll never retire? Here are four things young people can do to prepare

~	Philadelphia has a lot more deadly shootings than expected for a big city − and NYC is much safer, new study says

~	Cybersecurity researchers spotlight a new ransomware threat – be careful where you upload files

~	Under the influence and under arrest − what happens if you’re drunk in the interrogation room?