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Supermarkets

8 days ago

WoolworthsShares in Woolworths have been suspended as the firm continues 'Pick'n'Mix' talks to rescue the business.



Restructuring firm Hilco is said to want to buy the stores, but has so far refused to comment on the speculation.

BBC Worldwide, the BBC's commercial arm. Has confirmed that it was talking to Woolworths over the possible purchase of the retailer's 2 Entertain holding.

 

Woolworths said in a statement on it's corporate website:

Statement re Suspension
 

Further to the announcement of 19 November 2008, the Board of Woolworths Group plc confirms that it remains in discussions relating to the potential sale of its retail business.

The Board also notes recent press speculation in relation to the possible sale of its 40% interest in the 2 Entertain joint venture with BBC Worldwide. The Board can confirm that it is in discussions regarding a possible sale of that interest to BBC Worldwide.

Whilst discussions in relation to such sales are being pursued with vigour, terms have not yet been agreed. Both sales are subject, amongst other things, to the approval of the Group's lending banks. Accordingly, there can be no assurance that a sale of the Group's retail business or of its interest in 2 Entertain will be concluded.

Pending the outcome of these discussions and the consequent impact on the Company's financial position, the Company has requested a suspension of the trading of its shares on the London Stock Exchange.

A further announcement will be made in due course.

 

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Chinese-Recipes -

sweet and sour chickenSweet & Sour Chicken

This is a very popular and easy to cook recipe.
Most of the ingredients can easily be found or substituted.

The sweet and sour sauce made with brown sugar has a distinctive taste better than found in 'cook in sauce' jars.

The sauce is worth trying as it can also be used with pork and beef cuts of meat.

The dish is American in origin.
Traditional Chinese (Asian) sweet & sour dishes would use pork.

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Indian-Recipes -
Wok Harahi


Indian Cookery

Indian cookery has become very popular throughout the world, but especially in the UK due to links with India during the last century, and the good fortune of having a large ethnic Indian population, who's culture and cuisine are fascinating.

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Chinese-Recipes -
Chinese Cookery Recipes WokChinese Cookery - Basic Ingredients

A short list of ingredients regularly used in Chinese recipes

If you'd like to suggest additions to this list please add a comment.

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Supermarkets -

SomerfieldThe Co-operative Group (Co-op) is buying rival Somerfield for £1.57bn.

The Co-Op has a mutual structure with 2.5 million members. It has  more than 4,300 UK retail outlets, and employs 85,000 people

Somerfield has 880 stores. It generated net sales of £4.2 billion in the year to April, with underlying earnings of £233 million.
Somerfield is owned by a consortium that includes private equity firm Apex, Barclays Capital and property magnate Robert Tchenguiz. They bought the chain for about £1.1bn three years ago.

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Fruit-Vegetables -
Baobab Tree

The Boabab tree is one of Africa's best kept secrets, well to those of us who've never spent time in Africa.
It is an incredibly useful tree and could be a very useful cash crop in impoverished regions.


The EU has just approved derivatives of the fruit for sale in Europe & the UK.

The fruit will be removed from its nut and the pulp, which is white, powdery and has a cheese-like texture, will be used as an ingredient in products such as cereal bars.

PhytoTrade Africa, has been lobbying for the EU approval, hopes the demand for the fruit will mean employment for millions of African people.

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