All Morrisons articles – Page 14
-
NewsSainsbury’s latest to close all stores on Boxing Day
Sainsbury’s has said that it will close all its supermarkets, convenience stores and petrol stations on December 26th, to reward staff for their hard work across what has been another year marked by the pandemic.
-
AnalysisAnalysis: Why Morrisons’ Potts is feeling Christmas cheer despite profit slump
Despite reporting a slump in profits for the first half of the year, Morrisons was bullish on its full-year profit guidance, saying it would be higher than the £431m it reported in exceptional circumstances last year.
-
NewsMorrisons profits slide as supply chain ‘challenges’ bite
Morrisons has reported a slump in profits at the half-year mark as chair Andrew Higginson said the business had weathered a “variety of continuing challenges”, including supply chain disruption and driver shortages.
-
NewsMorrisons takeover bidding war set to go to auction
Morrisons’ rival bidders Fortress and CD&R and set to go to auction to secure a final offer for the supermarket ahead of a shareholder vote on a takeover deal in October.
-
NewsFortress prepares fresh Morrisons bid as potential auction looms
Fortress is preparing a fresh bid for grocery giant Morrisons as its ongoing takeover tussle with rival Clayton, Dubilier & Rice heads towards an auction.
-
NewsRobot delivery specialist appoints ex-Morrisons boss to board
Starship Technologies, the autonomous robot delivery company, has appointed former Morrisons chief executive Dalton Philips to its board.
-
Opinion‘Expect more deals to come in grocery retail’
It is undeniable that the grocery sector is white hot with both opportunity and activity.
-
AnalysisAnalysis: How do CD&R and Fortress’ rival visions for Morrisons compare?
As Clayton, Dubilier & Rice (CD&R) moves into pole position ahead of Fortress to acquire Morrisons, Retail Week compares the competitors’ strategic plans for the grocer.
-
NewsMorrisons backs £7bn takeover offer from ex-Tesco boss Leahy and CD&R
Morrisons has recommended a £7bn offer from private equity giant Clayton, Dubilier & Rice (CD&R), which has trumped a rival bid from Fortress.
-
DataData: Grocery sales slip as customers enjoy lifting restrictions
Grocery sales continued to decline in August as customers returned to pubs, bars and restaurants.
-
NewsMorrisons to shut all stores on Boxing Day
Supermarket giant Morrisons will shut all of its nearly 500 stores over Boxing Day to reward the hard work of its more than 110,000 frontline staff this year.
-
NewsMcColl’s considers fresh equity raise to drive Morrisons c-store expansion
Convenience chain and Morrisons wholesale partner McColl’s is exploring an equity raise to drive the expansion of its Morrisons Daily store format.
-
NewsMorrisons suitor CD&R mulls counteroffer as bid deadline extended
Morrisons bidder CD&R is considering an increased offer for the supermarket chain after rival suitor Fortress raised its bid last week.
-
NewsFortress increases bid for Morrisons to £6.7bn
The consortium led by US private equity firm Fortress has increased its offer for Morrisons in a bid to fend off rival suitors.
-
NewsMorrisons suitor CD&R poised to kick off bidding war
Morrisons is bracing itself for a counter takeover offer this week as shareholder opposition mounts against Fortress’ £6.3bn bid.
-
NewsFortress expects CMA to clear Morrisons takeover bid
The private equity consortium led by Fortress has said that it does not expect the CMA to oppose its proposed bid for Morrisons following growing opposition from shareholders.
-
NewsSingaporean sovereign wealth fund joins Fortress Morrisons consortium
Singaporean sovereign wealth fund GIC has joined the consortium bid led by Fortress for supermarket giant Morrisons.
-
NewsMorrisons’ largest shareholder hits out at Fortress takeover bid
Morrisons’ largest shareholder Silchester International has refused to give its backing to a £6.3bn takeover by US private equity firm Fortress.
-
NewsMorrisons frontrunner Fortress hints at business review plan
Private equity firm Fortress has hinted that it would launch a wide-ranging review of the Morrisons business if it succeeds in its proposed £6.3bn takeover of the grocer.
-
NewsPrivate equity battle for Morrisons set to intensify as CD&R mulls offer
The battle between private equity firms to take over grocery giant Morrisons is set to intensify, with reports that Clayton, Dubilier & Rice is working on another bid.