BUSINESS LIVE: Currys Takeover Bid; Hipgnosis Makes Claim Against Adviser; Morrisons Plots Price Cuts

The FTSE 100 will open at 8am Companies with trading reports and updates today include Currys, Hipgnosis, Morrisons and Moneysupermarket.com Group. Read the Business Live blog from Monday 19 February below.

> If you are using our app or a third-party site, click here to read Business Live

money/moneymarkets/article-13099465" data-article-width="Wide" data-environment="production" data-platform="mol.web.desktop" data-channel="moneymarkets" data-channel-color="money" data-top-parent-channel="money" data-version="2.12.6" data-reactroot="">

money">

Morrisons eyes Aldi and Lidl shoppers with price cuts

The boss of Morrisons has escalated the supermarket’s price war with Aldi and Lidl to win back customers.

Morrisons lost its status as Britain’s fourth biggest supermarket almost two years ago as shoppers switched to German discounters.

Last month, new CEO Rami Baitieh pledged to tempt disillusioned consumers, admitting there was “work to be done.”

Currys rejects takeover offer

Currys has rejected a 62p per share takeover offer from Elliot Advisors, as the electronics retailer’s board dismissed the US activist fund group’s bid as having “significantly undervalued the company and its future prospects”.

The offer was at a significant premium to Currys’ closing share price of 42.07p on Friday.

Some links in this article may be affiliate links. If you click on them, we may earn a small commission. That helps us fund This Is Money and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.

BUSINESS LIVE: Currys takeover bid; Hipgnosis makes claim against adviser; Morrisons plots price cuts

Morrisons eyes Aldi and Lidl shoppers with price cuts

Currys rejects takeover offer

Share or comment on this article: BUSINESS LIVE: Currys takeover bid; Hipgnosis files claim against advisor; Morrisons plots price cuts

Dua Lipa and Callum Turner put on a smitten display as they cement their A-list couple status while leading the glamorous exits from star-studded Vogue BAFTAs afterparty

BAFTAs 2024: Mia McKenna-Bruce parties the night away after Rising Star Award win as she heads to Vogue bash in a little black dress

You may also like