Marks And Spencer Takeover Rumours (MKS)

Morrisons have posted a loss of over 1 billion which is the second year of over a billion losses under private equity ownership. It's interest and finance costs the root cause of costs and this year it has had to sell it's petrol forecourt business for over 2 billion to pay down it's huge debt pile Https://www.msn.com/en-gb/money/other/morrisons-posts-1bn-loss-as-debt-payments-soar-following-private-equity-takeover/ar-BB1jMXPA?ocid=msedgntp&pc=LCTS&cvid=17d6ab66cc7241c6ac0f598ae2b7e674&ei=10 I have litle sympathy for their private equity ownership who funded the purchase by huge debts but ASDA in the UK done a similar purchase by the Issa brothers.

https://news.sky.com/story/amp/former-prince-andrew-aide-eyes-role-in-takeover-bid-for-currys-13080842

Currys rejects takeover offer.. Https://www.retailgazette.co.uk/blog/2024/02/currys-takeover-bid-elliott/ Https://www.bbc.co.uk/news/business-68330462 Offer is clearly undervalued Currys agrred to sell on of it's operations for £175 million in November. It's a good job Marks has rebounded following reorganisation as company was undervalued by a wide margin over a year ago and it could have meant a predator tried to buy Marks on the cheap.