All Morrisons articles – Page 103
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NewsMorrisons hires head for its new asset management team
Morrisons has hired former LaSalle Investment Management fund manager Charles McKendrick to head up its newly created asset management team.
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NewsMorrisons to combine store trials in two test shops
Morrisons is to combine the trials it is running on fresh food and space allocation at stores in St Albans and Wrexham.
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NewsMorrisons profits up 8%
Morrisons has reported an 8% rise in underlying profit in its interim results to £442m but warned the trading environment would continue to be challenging.
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NewsMorrisons hires Apple director to lead online food launch
Morrisons has hired a digital heavy-hitter from Apple to lead its online food launch as it takes its next steps into etailing.
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NewsMorrisons to post profits rise
Morrisons is expected to report interim underlying pre-tax profits up to about £437m on Thursday, an increase from £410m last year.
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NewsMorrisons downgraded despite outperforming
Broker Oriel has downgraded Morrisons ahead of the grocer’s interims next Thursday.
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OpinionPreparing for the golden quarter
After the dog days of August, the sector springs into action again in early September.
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NewsMorrisons’ sales outpace rivals
Morrisons’ strong promotional stance has enabled it to increase sales faster than its rivals, according to Nomura analyst Nick Coulter.
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NewsRetail bearing up but grocery volumes weak
Although retailers bore the brunt of last week’s riots, the sector kept its head above water despite lagging the All-share index.
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NewsMorrisons leads big four, while Aldi reports all-time record share
Morrisons was the only one of the big four to grow market share in the latest Kantar figures, while Aldi was the winner overall with growth of nearly 25%.
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NewsMorrisons founder to pay £210,000 fine over share sales
Supermarket veteran Sir Ken Morrison is close to reaching a settlement with the FSA over non-disclosure of share sales.
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NewsMorrisons appoints Credit Suisse as it mulls Iceland bid
Morrisons has appointed Credit Suisse as its investment banking advisor as the retailer mulls bidding for Iceland.
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NewsStore stocks bear up despite wave of riots
Despite the wave of rioting, including shop-burning and widespread looting, stores were down but outperformed other stocks in a week when the global markets were undermined by renewed financial fears.
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NewsTesco "disheartened and disturbed" at OFT's decision on price fixing
UPDATED: Tesco has strongly rebuffed the decision made by the Office of Fair Trading that it, along with other supermarkets, price fixed on dairy products.
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AnalysisCrunch time for the grocers
Shoppers have been cutting back on discretionary items but now even food volumes are declining. Jennifer Creevy reports on how supermarkets are having to adapt to this unfamiliar environment
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NewsNegative food volumes worry for Supermarkets
Grocers face negative like-for-like food volumes for the remainder of the year after a torrid first half when the only uptick came in April with the royal wedding and Easter.
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OpinionThe party is over for the supermarkets
The past five years have been a story of almost unbroken growth for the big four supermarkets. Since the mid-decade recoveries at Sainsbury’s, Asda and Morrisons, general retailers have looked on in envy as the grocers appeared immune to fluctuations in the economy, while everything new that they tried seemed ...
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NewsInflation hits grocery volumes
Rising food prices have helped the value of grocery sales rise but have hit volumes.
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NewsMorrisons emerges winner out of big four
Morrisons emerged the fastest growing of the big four retailers in the latest Kantar figures with growth of 5.6%, increasing its share from 11.8% to 11.9%.
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NewsWalker hires Rothschild ahead of Iceland bid
Iceland founder Malcolm Walker has appointed advisers to back him in his battle for retention of control of the food retailer.