Business
Morrisons courts rival supermarkets with Myton supply deals
Bradford-based grocer pitches its Myton manufacturing arm to Sainsbury’s and other supermarket rivals as it tries to grind down a £3.1bn debt pile inherited from its 2021 private equity takeover.
Morrisons is in advanced conversations with rival British supermarkets to start supplying them with own-brand pies, meat and eggs produced by its Myton manufacturing division, as chief executive Rami Baitiéh hunts for fresh sources of revenue to ease the grocer’s heavy debt burden.
The Bradford-based chain, one of the so-called Big Four, is understood to have ushered buyers from competing retailers into a Myton factory in recent weeks, with Sainsbury’s among the grocers to have toured production sites previously. The push marks a notable shift in posture: Morrisons has historically guarded the output of its 17 UK manufacturing sites as a competitive moat, but is now willing to feed rivals’ shelves if it brings in profitable third-party volume.
Myton is one of the country’s largest food manufacturers and produces Morrisons’ sweet and savoury pie ranges, while also sourcing meat, fish, eggs and even flowers for the supermarket. It already serves a clutch of independent retailers and is now being pitched to large hospitality groups as well, with showcase events held in recent months to highlight its British-made credentials.
£3.1bn debt overhang from the CD&R takeover
The wider strategic context is hard to ignore. In its most recent set of accounts, covering the 52 weeks to 26 October, the grocer posted a pre-tax loss of £381m after absorbing a £281m interest bill on its borrowings. Net debt stood at £3.1bn at the year-end, an overhang from the £10bn leveraged buy-out by US private equity firm Clayton, Dubilier & Rice in 2021.
Morrisons has been steadily chiselling away at that figure, gross debt is down roughly 46 per cent from its 2022 peak, helped by a series of sale-and-leaseback deals, but the interest cost still dwarfs reported profits. Underlying earnings of £835m and twelve consecutive quarters of positive like-for-like sales growth, as detailed in the company’s full-year results, suggest the operating business is in markedly better shape than the bottom line implies.
That is where Myton comes in. While Morrisons does not break out the division’s numbers, it is widely understood inside the business to be profitable, with spare manufacturing capacity that executives believe could be sweated harder by serving a broader customer base, at home and overseas.
Closures, cafés and a streamlined estate
The supply-side push lands alongside an aggressive cost programme. Morrisons has confirmed plans to close 100 convenience stores, shuttered a swathe of in-store cafés, counters and florists, and has been trimming head office headcount as it leans into automation and AI. Earlier this year, Myton itself closed its loss-making Wakefield bakery in a sign that no part of the empire is sacrosanct.
Competitive pressure has not abated either. Discounters Aldi and Lidl continue to nibble at the heels of the traditional Big Four, with Aldi having overtaken Morrisons to become Britain’s fourth-largest supermarket by market share, a shift that has sharpened the urgency behind any plan capable of widening the grocer’s margin pool.
Sale considered, then parked
The latest outreach follows an episode earlier in the year, first reported by The Telegraph, in which Morrisons received an unsolicited approach for Myton and held talks with at least one private equity bidder about an outright sale. The Grocer subsequently reported that the supermarket was no longer in active negotiations to offload the unit.
Mr Baitiéh has been notably bullish on keeping manufacturing in-house. In January, the Frenchman, who joined from Carrefour in 2023, said vertical integration was “part of the DNA of Morrisons, it’s going to stay”, arguing that owning the factories gives the grocer a point of difference against rivals reliant on a patchwork of external suppliers.
For SME food producers watching from the sidelines, the move is double-edged. Morrisons remains a major buyer from British farmers and small food businesses, but a more commercially aggressive Myton, selling pies and meat into Sainsbury’s, hospitality chains and beyond, could either crowd out smaller competitors or open up new co-manufacturing opportunities, depending on how the contracts are structured.
A spokesman for the supermarket said: “Myton is a high-quality food manufacturing business and has always served other customers as well as Morrisons. We have been growing this area of the business over recent years by attracting new customers in retail, food service and food manufacturing, to build a broader base for the business both in the UK and internationally. Myton does not comment on the detail of its customer relationships.”
What it means for the turnaround
Strip out the headline loss and the picture at Morrisons is one of a grocer slowly clawing back relevance: solid Christmas trading, a 17.4 per cent jump in sales of its premium “The Best” range, and a debt pile that is shrinking rather than spiralling. Pushing Myton’s produce onto rival shelves is unlikely, on its own, to crack the debt problem, but it is a low-capital lever that uses existing assets, and one that Mr Baitiéh appears determined to pull.
If the early site visits convert into supply contracts, expect Morrisons’ annual report to start carving out Myton’s contribution more explicitly. Investors, lenders and, eventually, any future bidder would all want to see it.
Business
Pique advances modular housing hub through share in WA’s $49m funding pool
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Business
Wordle Answer May 25 2026 Revealed as BLAZE in NYT Puzzle No. 1801
NEW YORK — The New York Times Wordle puzzle for May 25, 2026, numbered 1801, had the solution BLAZE, according to multiple outlets that publish daily answers after the puzzle resets at midnight.
Wordle players who completed the game on Monday saw the five-letter word BLAZE as the correct answer. The puzzle is the daily word game owned by The New York Times where participants have six attempts to guess a hidden five-letter word with feedback on correct letters and positions.
BLAZE is defined as a bright flame or fire, according to standard dictionary references cited in official Wordle reviews. It can also function as a verb meaning to burn brightly or to move quickly.
Previous Day’s Answer
The previous day’s Wordle on May 24, 2026, puzzle No. 1800, was STORM. This followed recent solutions that included a mix of common and moderately challenging words throughout May.
Players who maintain streaks track their consecutive successful completions. The May 25 solution marked another entry in the ongoing daily series that began in 2021 and was acquired by The New York Times in 2022.
Hints and Solving Strategies
Several sites provided pre-answer hints for puzzle No. 1801. Common starting words recommended included SLATE, CRANE and TRACE. One solver reported using SLATE as an opener, which narrowed possibilities before landing on BLAZE after testing words with the letter Z.
The word begins with B and contains the letters L, A, Z and E. It features common English letter patterns with a consonant at the start and a relatively uncommon Z. Reports indicated it relates to fire and intense light, and can also describe moving quickly or marking a trail.
Gameplay Mechanics
Wordle resets at midnight local time for each player. Green tiles indicate correct letters in the correct position, yellow tiles show correct letters in the wrong position, and gray tiles mean the letter is not in the word. The game limits guesses to six per day.
The New York Times publishes an official review page with the answer and definition after the daily cutoff. Sites such as CNET, Mashable, Forbes and Rock Paper Shotgun provide hints, strategies and post-solution analysis.
Popularity and Community
Wordle has maintained a dedicated following into 2026. Millions of players participate daily, sharing results on social media with emoji grids that avoid spoilers. The game’s simple interface and once-per-day format contribute to its staying power.
Related games from The New York Times include Connections, Spelling Bee and Strands. Players often complete multiple puzzles in the same session. The May 25 Wordle coincided with Monday routines for many users.
Recent Wordle Trends
In May 2026, answers have included a mix of common and less frequent words. Puzzle difficulty varies, with some solutions solved by large percentages of players in fewer attempts while others challenge broader vocabularies.
Analyses of past puzzles show patterns in letter frequency. Vowels such as A, E and O appear often, while words with repeated letters or uncommon consonants increase challenge. BLAZE features distinct letters with no repeats.
Tips for Future Puzzles
Recommended starting words for efficient solving include those with multiple vowels and common consonants like SLATE, CRANE or TRACE. Players track remaining possibilities after each guess using process of elimination.
Community resources provide statistical data on answer distributions and solver performance. Some players maintain personal statistics on average attempts and streak lengths. The official Wordle bot and community solvers analyze optimal strategies.
Broader Context in 2026
Wordle continues as part of The New York Times’ games portfolio. The company has introduced minor updates over the years while preserving core gameplay. No major rule changes were reported for 2026.
The puzzle for May 25 fell on a Monday, a day when many players engage with daily games during work breaks or commutes. International players adjust for time zone differences in puzzle availability.
Historical Wordle Milestones
Since its viral rise in late 2021, Wordle has inspired variants and clones. The original version by Josh Wardle was designed as a gift for his partner. The New York Times maintains editorial control over the answer list to ensure appropriateness and variety.
Daily solutions are archived by multiple websites. Players who miss a day can catch up through these records, though streaks reset without consecutive play. The May 25 answer BLAZE added to the cumulative list of over 1,801 official puzzles.
Player Resources
Official access is available through the New York Times website and mobile app. Free daily play requires no subscription, though full access to archives and other games may. Third-party hint sites update shortly after midnight.
For those seeking to improve, resources include letter frequency charts, word lists and practice modes in some companion apps. Community forums discuss tough puzzles and share solving stories.
The Wordle answer for May 25, 2026, was confirmed across major outlets as BLAZE. Players who solved it in fewer attempts achieved better daily scores in the game’s internal metrics.
Business
Former FBI Agents Offer Multiple Theories in Nancy Guthrie Disappearance Case
TUCSON, Ariz. — Former FBI officials and investigators have outlined several possible scenarios in the disappearance of Nancy Guthrie as the case remains unsolved more than three months after the 84-year-old vanished from her home in the Catalina Foothills area near Tucson.
Nancy Guthrie was last seen on Jan. 31, 2026. Her family reported her missing the following day. Authorities believe she was taken from her residence during the night. The FBI and Pima County Sheriff’s Department continue to investigate, analyzing DNA evidence, surveillance footage and thousands of public tips.
Former FBI Deputy Director Dan Bongino suggested the possibility of a planned abduction tied to ransom demands. He said investigators cannot rule out that the perpetrators targeted her specifically because of her family’s public profile.
Bongino also raised the theory that the case may have begun as a burglary or home invasion that escalated. He noted it is possible criminals entered the home for another reason before events spiraled out of control.
Retired homicide detective Kurt Dabb told Newsweek that the logistics of the alleged kidnapping appeared too complex for one person to manage alone. Dabb estimated there could have been “two to four accomplices.”
Former FBI agent Jennifer Coffindaffer suggested investigators are closely analyzing clothing, equipment and possible communication devices seen in surveillance footage of a masked suspect outside Guthrie’s home. She previously theorized that the suspect may have used a walkie-talkie to coordinate with accomplices while avoiding digital tracking.
Authorities have said evidence at the scene strongly indicated Nancy Guthrie “did not leave on her own.” Early considerations of a medical emergency unrelated to a crime were later set aside.
The FBI released surveillance footage showing a masked man wearing gloves at her door on the night she is believed to have been taken. The suspect has been referred to by some as “porch guy.”
Investigation Status
No suspects have been publicly identified. The family has offered rewards totaling more than $1 million for information leading to her safe return or the arrest of anyone involved. Civilian searches have been conducted in the Tucson area, including one that led to the discovery of an ancient human bone unrelated to the case.
Savannah Guthrie, Nancy Guthrie’s daughter and co-anchor of the “Today” show, along with siblings Camron and Annie, have made public appeals for information. The case has generated widespread national attention.
Pima County Sheriff Chris Nanos has said DNA analysis from blood found on Guthrie’s property is progressing. He told People magazine, “I know we have DNA that is unknown, who the contributor or depositor is, but I think they’re getting closer to finding out who that was.”
Retired Detective’s Assessment
Robbie Mayer, a former detective with the Pima County Sheriff’s Department who solved Tucson’s “Prime Time Rapist” case in 1986, shared his assessment in an interview with News 4 Tucson. Mayer recalled the Prime Time Rapist investigation, saying, “We ended up with more than 4,000 leads. One of the detectives had Larriva’s name as a lead, but he hadn’t gotten to it yet because he had so many leads in front of that.”
He applied similar reasoning to the Guthrie case. “I believe the suspect’s names are in those 50,000. The question is if they can recognize it when they see it. Being in a case like this is like being in a field with rocks and what you’re looking for is under one rock. You just have to keep turning.”
Mayer theorized that more than one person was likely involved. He suggested it could be connected to a theft group active in Phoenix two years ago that targeted elderly people with money. He noted, “This case is so unique. Most of the time we try and find patterns. We can’t in this case. These guys came prepared not to leave hair or DNA. Look at how that guy was clothed. They turned off their cell phones.”
Mayer expressed confidence in the ongoing investigation. “This is a very high-caliber investigation, and I think the FBI is gonna crack the case,” he said.
Background on the Case
Nancy Guthrie is the mother of Savannah Guthrie. The family has cooperated with law enforcement while making public appeals. The disappearance has drawn comparisons to other high-profile missing persons cases due to the public profile of her daughter.
The masked suspect captured on doorbell camera footage has been a focal point of public discussion. Authorities have urged anyone with information to come forward. The rugged desert terrain around Tucson has complicated search efforts.
Broader Context
The case has raised awareness about elder safety and home security in the Tucson area. Local authorities have reminded residents to review home surveillance systems and report suspicious activity. The investigation continues to generate tips from the public.
Former officials have emphasized the importance of patience in complex cases involving large volumes of leads. The FBI and local agencies continue to process evidence and coordinate efforts.
Business
(VIDEO) Gilgeous-Alexander, Jokic, Wembanyama, Doncic, Cunningham Named to All-NBA First Team
NEW YORK — Oklahoma City Thunder guard Shai Gilgeous-Alexander, Denver Nuggets center Nikola Jokic, San Antonio Spurs forward Victor Wembanyama, Los Angeles Lakers guard Luka Doncic and Detroit Pistons guard Cade Cunningham were named to the 2026 All-NBA First Team on May 24.
Gilgeous-Alexander, the back-to-back NBA Most Valuable Player, and Wembanyama, the first unanimous Defensive Player of the Year in league history, headlined the first team. They were joined by the three other players who finished in the top five in MVP voting: Jokic, Doncic and Cunningham.
It is the first All-NBA selection for Wembanyama. Gilgeous-Alexander has been named to four straight All-NBA first teams. Wembanyama is the first Spurs player to make the first team since Kawhi Leonard in the 2016-17 season.
Jokic earned his sixth first-team nod and eighth All-NBA selection overall. Doncic was named to the All-NBA team for the sixth time in his eight-year career. It was the second All-NBA selection for Cunningham after being named to the third team last season.
Both Doncic and Cunningham played 64 games during the regular season and were granted special exceptions to be eligible for All-NBA consideration after failing to reach the required 65-game threshold.
Gilgeous-Alexander and Jokic were unanimous selections, with Wembanyama missing by one vote. Jokic now has twice as many All-NBA honors as any other player in Nuggets history.
Second and Third Teams
The second team comprised Boston Celtics forward Jaylen Brown, New York Knicks guard Jalen Brunson, Houston Rockets forward Kevin Durant, Cleveland Cavaliers guard Donovan Mitchell and Los Angeles Clippers forward Kawhi Leonard.
Brunson earned his third All-NBA distinction. It was Durant’s 12th time being named to an All-NBA team. Leonard has now made six All-NBA teams.
The third team featured five newcomers: Atlanta Hawks forward Jalen Johnson, Pistons center Jalen Duren, Philadelphia 76ers guard Tyrese Maxey, Thunder big man Chet Holmgren and Nuggets guard Jamal Murray.
Duren and Cunningham are the first pair of Pistons to be named to the All-NBA team in the same season since Chauncey Billups and Ben Wallace in 2005-06.
LeBron James was among those ineligible because he did not play in enough games. This became just the second time in his 23-season career that he was not an All-NBA pick. Stephen Curry and Giannis Antetokounmpo were also ineligible due to the 65-game rule.
All-NBA Voting Results
First Team Shai Gilgeous-Alexander, Thunder — 500 points Nikola Jokic, Nuggets — 500 points Victor Wembanyama, Spurs — 498 points Luka Doncic, Lakers — 482 points Cade Cunningham, Pistons — 414 points
Second Team Jaylen Brown, Celtics — 384 points Kawhi Leonard, Clippers — 277 points Donovan Mitchell, Cavaliers — 276 points Kevin Durant, Rockets — 241 points Jalen Brunson, Knicks — 197 points
Third Team Tyrese Maxey, 76ers — 168 points Jamal Murray, Nuggets — 149 points Jalen Johnson, Hawks — 125 points Jalen Duren, Pistons — 121 points Chet Holmgren, Thunder — 87 points
The All-NBA teams capped the league’s annual end-of-season awards announcements. Gilgeous-Alexander was named Clutch Player of the Year. Nickeil Alexander-Walker of the Atlanta Hawks was named Most Improved Player. Keldon Johnson of the Spurs was named Sixth Man of the Year. J.B. Bickerstaff of the Pistons was named Coach of the Year. Cooper Flagg of the Dallas Mavericks was named Rookie of the Year.
The All-NBA teams recognize the league’s top performers based on voting by a global panel of sportswriters and broadcasters. Players receive points for first, second and third team selections.
Business
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Monte Independent Investment Research: Michael Del Monte is a buy-side equity analyst with expertise in the technology, energy, industrials, and materials sectors. Prior to working in the investment management industry, Michael spent over a decade in professional services working across industries that include O&G, OFS, Midstream, Industrials, Information Technology, EPC Services, and consumer discretionary.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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Intel Shares Rise 1.13 Percent to $119.84 on AI Server Demand and Foundry Progress
NEW YORK — Intel Corp. shares closed at $119.84 on May 22, 2026, up 1.13 percent on the Nasdaq as the semiconductor company continued to show signs of recovery in its data center and artificial intelligence businesses amid ongoing restructuring efforts.
The stock traded in a range between $117.50 and $121.20 during the session. In after-hours trading, shares fell to around $118.15. Intel has experienced volatility in 2026 as investors monitor its progress in regaining market share in AI servers and advancing its foundry operations.
Q1 2026 Financial Results
Intel reported first-quarter 2026 revenue of $13.6 billion, up 7 percent from the prior year. The Data Center and AI segment grew 22 percent to $5.1 billion, while Client Computing Group revenue rose 1 percent to $7.7 billion. The company posted a GAAP net loss of $3.7 billion, or $0.73 per share, largely due to $4.07 billion in restructuring and impairment charges. Non-GAAP earnings per share were $0.29.
Intel guided second-quarter 2026 revenue between $13.8 billion and $14.8 billion. The company highlighted progress on its 18A manufacturing process and noted sold-out AI CPU capacity earlier in the year.
Business Strategy and Foundry Update
Intel has focused on regaining share in AI servers under CEO Lip-Bu Tan. The company reported improvements in Data Center and AI revenue. Potential partnerships, including discussions with Tenstorrent for AI processors, have drawn attention. Challenges remain in foundry profitability and process yields.
Intel continues to invest heavily in manufacturing facilities and research. Q1 2026 operating cash flow was $1.1 billion, with adjusted free cash flow negative $2 billion due to capital expenditures.
Analyst Views
Analysts have assigned Intel a consensus Hold rating with average price targets around $70 to $81 in some forecasts, though recent momentum has pushed shares higher. Intel’s stock recovery followed significant gains from 2025 lows, with shares rising over 200 percent in the 2026 year-to-date period at points.
The company has pursued an “aggressive pricing strategy” to maintain competitiveness while absorbing costs associated with higher RAM and new components.
Market Position
Intel competes directly in semiconductors against Nvidia and AMD in data center CPUs while building foundry capabilities. The company reported sold-out AI CPU capacity earlier in the year. Supply chain reports have pointed to Intel’s efforts on Panther Lake and other processors for 2026-2027.
Intel maintains a dividend, though payouts have faced scrutiny amid earlier losses. The stock has shown high volatility, with a 52-week low near $19 in 2025 before rebounding.
Broader Industry Context
Demand for AI infrastructure has driven investment across the semiconductor sector. Intel’s progress on its 18A process node is seen as critical for regaining competitiveness. The company has highlighted improvements in process technology and partnerships to expand its foundry business.
Upcoming earnings are scheduled for late July 2026. Analysts will monitor execution on foundry profitability, AI CPU sales and margin trends.
Company Developments
Intel has invested in new manufacturing facilities and research. The company has reported sequential revenue growth in client and data center segments for Q2, driven by supply improvements and pricing. Risks include foundry execution and competition in AI chips.
Intel’s market recovery followed significant gains from 2025 lows. The company has focused on regaining share in AI servers and advancing its foundry business.
Valuation and Outlook
Intel carries exposure to cyclical semiconductor markets and has faced margin pressures from competitive pricing and memory costs. The stock has shown high beta and cyclical exposure compared to more stable tech peers.
Analysts project continued revenue and earnings expansion tied to AI adoption. Intel has maintained guidance for sequential growth in key segments. The company faces typical industry risks, including supply chain dynamics for components like memory and GPUs, geopolitical factors affecting China exposure, and competition from other server providers.
Intel continues quarterly product launches and ecosystem partnerships to address enterprise and research demand for AI capabilities. Further details on Q2 performance and full-year execution will come with the late July report.
Historical Performance
Intel has a long history as a leader in semiconductor manufacturing. The company has invested heavily in regaining process technology leadership after falling behind in recent years. Its 18A node is viewed as a key milestone for future competitiveness.
The stock has traded well above prior-year levels amid sector tailwinds in AI infrastructure. Trading volume on May 22 was elevated as investors reacted to broader sector momentum and company-specific developments.
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