Potts exits after main Morrisons by its acquisition by American non-public equity fund Clayton, Dubilier & Rice in a bid led by ex-Tesco boss Sir Terry Leahy. That £7 billion, funded largely by debt, adopted an intense bidding struggle.He shall be changed by Rami Baitieh,...
The Government borrowed £4.3 billion final month as interest funds on the general public sector’s huge debt mountain hit a file £7.7 billion.Latest figures from the Office for National Statistics (ONS) confirmed that July’s borrowing was the fifth highest for the month after the...
Two items of news to report this morning, which don’t bode too effectively.Overnight, US credit standing large Fitch downgraded the value of US debt, only a notch from AAA to AA+. This doesn’t imply the US has any likelihood of going bust — because...
Fears over the monetary well being of Thames Water have introduced different suppliers into the attention of the storm over their debt mountains.In December, trade regulator Ofwat flagged 5 water suppliers whose monetary resilience it was most apprehensive about.As nicely as Thames Water, it...
