Business

Gas supply this winter is “not a cause for immediate concern”, the UK’s business secretary has reassured, following reports that a spike in prices could threaten food production and other industries. Kwasi Kwarteng posted a series of tweets after holding meetings with senior executives from the energy industry to discuss the impact of high global
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EasyJet has revealed that it rejected an unsolicited takeover approach while again moving to shore up its finances as it looks to recover from coronavirus disruption. The low-cost airline said the all-share approach – understood to have come from Wizz Air though that was not confirmed by either party – fundamentally undervalued the business. EasyJet
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Morrisons has warned it expects “industry-wide” price rises ahead and revealed some product shortages while reporting half-year results showing a 43% slump in profits. The UK’s fourth-largest supermarket chain by market share said the price hikes were to be “driven by sustained recent commodity price increases and freight inflation, and the current shortage of HGV
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