Currys attracts major bidders
Shares of high street electricals retailer Currys soared by 38 per cent to 65p as two major bidders, US firm Elliott Advisors and China online retailer JD.com, compete for a takeover bid.
Currys rejected Elliott's 62p-a-share offer last Friday, stating it undervalued the company, and now faces a bidding war as JD.com enters the fray. With shares trading higher than the initial offer, the deadline for a new bid is set for March 16.
Aldi price match at Morrisons
Morrisons joins the price-match war by promising to match Aldi on 200 products, including cornflakes and tinned tomatoes. The move follows a trend as supermarkets strive to win back shoppers prioritizing low prices, with Lidl as the fastest-growing grocer in the UK.
Apple faces hefty EU fine
Apple is in hot water with the European Union, facing a potential £427 million fine over a music streaming dispute with Spotify. The EU found Apple guilty of unfair trading practices by prioritizing its own services over rivals on its platforms.
Rent rise slowing down
Good news for tenants as the pace of rent increases eases, with the average rent on new lettings rising by 8.3 per cent in January, the lowest in over a year. The stability in the mortgage market is expected to relieve pressure on renters.
Aston Martin hiring 400 workers
Luxury car maker Aston Martin is expanding its workforce by hiring 400 additional workers to ramp up production of sports cars and SUVs. The iconic British brand is gearing up with new models at its manufacturing sites in Warwickshire and South Wales.
Nintendo Switch console delay disappoints gamers
Gamers and Nintendo investors are disappointed as reports suggest the launch of the latest version of the Switch console has been delayed until next spring. The delay has caused a nearly nine per cent drop in shares of Japan's gaming giant, Nintendo.
Did you miss our previous article…
https://hellofaread.com/money/shoppers-heartbroken-as-beloved-store-set-to-close-making-way-for-asda/
