Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. A shock takeover approach for Wm Morrison from private equity firm Clayton Dubilier & Rice has raised fears over possible job losses, and could prompt a bidding war for the UK’s fourth largest grocer. Although Morrisons rejected CD&R’s £5.
I wonder how long the pillaging will take before Morrisons goes under leaving a massive hole in the pension fund?
Well it’s not like we’ve learnt retail workers are absolutely vital to the nation or anything...
Morrisons’
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