An American investment giant is plotting a £5bn takeover of Motor Fuel Group, Britain’s biggest independent operator of petrol forecourts. Fortress Investment Group is drawing up plans to bid for MFG after losing out in a hotly contested auction of Wm Morrison, the supermarket chain, last year. (Sky News)
Activist investor Carl Icahn has launched a highly unusual board fight at McDonald’s to demand the fast-food chain end the practice of keeping pregnant pigs in its supply chain confined in small crates (The Financial Times £). A row over the treatment of pigs by McDonald’s is escalating as Carl Icahn, an unhappy billionaire investor, fronts two nominations to its board. Icahn has proposed that Leslie Samuelrich and Maisie Ganzler stand for election at the 2022 annual meeting, a statement by the fast food giant said (The BBC).
Demand for fuel and home improvement items helped retail sales in Great Britain rebound more than expected in January to post the largest monthly increase since the reopening of non-essential stores last April (The Financial Times £). Retail…
