Latest

Morrisons: Supermarket agrees £6.3bn takeover

    Supermarket chain Morrisons has accepted a £6.3bn ($8.7bn) takeover bid by a US investment group led by the owner of Majestic Wine. Last month, the supermarket group turned down an offer worth £5.5bn from a different firm, saying it had significantly undervalued the business. Morrisons chairman, Andrew Higginson, said the new offer was […]

Latest

US jobs growth picks up speed amid reopening

  US jobs growth picked up speed in June as the economic reopening continued, official figures show. Employers created a larger-than-expected 850,000 jobs last month, driven by new posts in bars and restaurants, retail and education. Despite the boost in hiring, the unemployment rate was little changed at 5.9%, the US Bureau of Labor Statistics […]