Is you is or is you ain’t?

Food supplier Bakkavor’s indecision is final. The supplier to some of Britain’s leading supermarkets is going to float on the stock market after all. As the business was going to do until a week ago, when the company abruptly pulled its initial flotation proposal due to “market volatility”. In out, in out, shake the food about.

It looks like the IPO issue was what it appeared on the tin: the price. As part of the new listing proposal, the price of shares in the group will be 180p, slashed from an initial 195p.

The institutional community were underwhelmed and needed to be placated.