A hard line

A hard line

US private equity giant closes in on deal with rival to snatch Morrisons.

  • Beijing's crackdown on the misuse of import quotas combined with the impact of high crude prices could see China's growth in oil imports sink to the lowest in two decades in 2021, despite an expected rise in refining rates.
  • Fortress, which is backed by #Softbank, has teamed up with US businessman Charles Koch and the Canada Pension Plan Investment Board to agree on a £6.3billion offer for the Bradford-based chain.
  • Investors bullish on the British pound have gotten used to brushing off concerns about Covid-19 infections and the post-Brexit future, but those worries are back in focus.

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