10th June 2022
Bite-sized business news from the UK and beyond
Good morning Yesterday the Hertfordshire town of St Albans was the venue for the first event in the controversial Saudi-backed LIV Golf Invitational Series. A growing list of big name players are ditching the incumbent US PGA tour in favour of the big bucks on offer for LIV events. Just how big are the payouts? Former world number 1 Dustin Johnson has reportedly been paid $125m just to take part — effectively doubling his career earnings for signing a dotted line.
- Boots receives £5bn takeover offer
- Greenwashing allegations hit big corporations
Boots receives £5bn takeover offer
- Consumer behaviour has accelerated towards online shopping during the pandemic and owning a business with such a vast store portfolio – many in need of refurbishment or in quiet high streets - could put a dampener on the value.
- It has been gradually losing market share to supermarkets and discount retailers, for its core toiletry products, and to online retailers for beauty products.
Other stories to keep you in the loop
- Train drivers to join other rail workers on strike
- John Lewis unveils locations for hundreds of new rental homes
- Apple sidelines Goldman Sachs and goes in-house for lending service
- Eurozone interest rates set to rise for first time in 11 years
- Competition watchdog confirms £7bn takeover of Morrisons supermarket can go ahead
- UK shoppers cutting back even on essentials, warns Poundland owner
Greenwashing allegations hit big corporations
Stat of the day
Yesterday the average cost of filling a UK family car with petrol hit £100 for first time
Interesting links from around the web