Skintagain
Member
- Location
- Perched on the Pennines
Hiy
Beef / Lamb & Pig Price Tracker
- Thread starter TFF
- Start date
livestock 1
Member
Ok I’m not used to any wages mind so don’t pay me anything
Hilly
Member
- Location
- Scottish Borders.
No no no loads o money when you work for the government, we will get you a company vouge
Hilly
Member
- Location
- Scottish Borders.
I had a bit deal with the home office , had a meeting in my house came outside 10 brand new rang rovers ! Civil servants, they are the ones that run the country and no one knows who they are unelected etc , the bit we see is just a puppet show to appease the sheep .
muleman
Member
You would think @livestock 1 had come round at first glance!
Hilly
Member
- Location
- Scottish Borders.
N fetched the family
No the ferry company that fired 800 by zoom in one go.
Hilly
Member
- Location
- Scottish Borders.
serf
Member
- Location
- warwickshire
IF only that was a joke ......
agricontract
Member
- Location
- Merseyside
- Location
- North Yorkshire
Just as I predicted sadly...
https://www.telegraph.co.uk/business/2022/06/12/morrisons-plots-sale-food-production-arm-costs-bite/Morrisons plots sale of food production arm as costs bite
https://www.telegraph.co.uk/business/2022/06/12/morrisons-plots-sale-food-production-arm-costs-bite/Morrisons plots sale of food production arm as costs bite
Seems like a sale and leaseback is proposed fullofbulls, at least initially anyway!
- Location
- North Yorkshire
An extract..
“Mr Black said: “Market conditions are very challenging at the moment and CD&R would not have been expecting that when they were putting together the deal last year.
“That is absolutely going to increase the need to think strategically about the balance sheet and I imagine they will be looking to deleverage.
“Frankly, it just shows how much can change in a year.”
Another question that remains unanswered so far was whether CD&R will seek to sell the Morrisons food manufacturing business itself, rather than just the underlying properties, he added.
There is also speculation that the added pressure could lead to a greater selloff of store premises than expected.”
This wasn’t going to be an asset stripping exercise or so we were told at the time. Nothing will change...until things change
“Mr Black said: “Market conditions are very challenging at the moment and CD&R would not have been expecting that when they were putting together the deal last year.
“That is absolutely going to increase the need to think strategically about the balance sheet and I imagine they will be looking to deleverage.
“Frankly, it just shows how much can change in a year.”
Another question that remains unanswered so far was whether CD&R will seek to sell the Morrisons food manufacturing business itself, rather than just the underlying properties, he added.
There is also speculation that the added pressure could lead to a greater selloff of store premises than expected.”
This wasn’t going to be an asset stripping exercise or so we were told at the time. Nothing will change...until things change
livestock 1
Member
Morrison’s debt was derived from their massive expansion project years ago this is a move to drop the debt
- Location
- Hereford
Eustace on BBC ATM ....gonna talk about the food strategy !!
It's not good for us !..relaxing standards on imported food !
It's not good for us !..relaxing standards on imported food !
cattleman123
Member
- Location
- devon
That ait got a clue what they are talking about non of em...they just waffle on
It might not be good for us but eventually they will realise they can’t do without us!!!
Unfortunately it will only be when they start going hungry.
Sierra Lama
Member
BBC News - Food strategy for England will back farmers, Boris Johnson says
Food strategy criticised by government's own adviser
England's future food strategy is released amid criticism from campaigners that it lacks ambition.
www.bbc.co.uk
- Location
- North Yorkshire
This is the the venture capitalist debt borrowed to buy Morrison’s that they are now struggling to service. Sell and lease back is always the first step these firms take when they begin to asset strip. Morrison’s owned all their stores, the only supermarket that does, the major part of their sale value. I just wonder what that value will be now, surely commercial property is dropping the amount that is being given up due to work from home etc.
cattleman123
Member
- Location
- devon
Boris is currently only worried about losing the byelection is my neck of the woods...Liberals really driving on...and i feel they will win the seat from the ConsBBC News - Food strategy for England will back farmers, Boris Johnson says
Food strategy criticised by government's own adviser
England's future food strategy is released amid criticism from campaigners that it lacks ambition.www.bbc.co.uk