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

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

by Elijah
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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.

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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.

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