Morrisons news and analysis – Page 116
-
News
Morrisons’ conversion of Safeway comes in a year ahead of schedule
Morrisons is set to complete its Safeway conversion process next week – ahead of its original schedule by more than a year. Conversions at Camden, Glasgow, Clevedon and Rubery will be completed. Overall the retailer will have converted 219...
-
News
Sinking feeling in Asda talks
Asda has run into difficulty in its bid to take control of the last remaining Safeway store in Northern Ireland.The multiple bought 12 Northern Irish Safeway stores from Morrisons in July but did not take up its option for the Downpatrick store...
-
News
Lost in transformation?
As the conversion of former Safeway stores nears completion, the experts deliver their verdict on Morrisons. Ronan Hegarty reportsMorrisons has reached the end game in its conversion programme of former Safeway stores. By the end of...
-
News
Tesco's BP/Safeway deal cleared
The Office of Fair Trading has waved through Tesco’s acquisition of 21 former BP/Safeway petrol stations from Morrisons.The retailer has announced plans to convert the stores to its Express convenience format. The deal originally involved 30...
-
News
Morrisons finalises corporate structure
After months of indecision and highly publicised boardroom battles, Sir Ken Morrison, chairman of Morrisons, has finalised the corporate governance structure of the supermarket group.This follows the decision of CEO Bob Stott to leave the...
-
News
Morrisons admits first loss on way
Morrisons has admitted that it is likely to make the first loss in the company’s history when full-year results are revealed next March.The beleaguered supermarket chain announced a loss before tax of £73.7m for the 25 weeks to July 24,...
-
News
Morrisons results expected
All eyes are on Morrisons this week as the supermarket group prepares to release its half-year results on Thursday.Analysts are finding it hard to predict what Morrisons could report, after the group said earlier this year that profits would...
-
News
Tell it like it is, Sir Ken
Morrisons is set to come under fresh pressure from investors on Thursday (October 20) when it is expected to finally reveal the true cost of taking over Safeway.The retailer is due to announce its interims for the six months to July 24...
-
News
Morrisons boosts its bottled ales
Morrisons is to dedicate a new bay to a range of speciality beers, signifying its confidence in the niche market segment.The 25-strong range of international speciality beers, which will sit alongside the current range of 60 bottled ales and...
-
News
Battle over forecourt deals
Tesco’s acquisition of the former Safeway forecourts is still sparking opposition at both national and local levels, even though the number it now proposes to buy is down to 21 from 30.The Office of Fair Trading is to decide on whether to...
-
News
Morrisons to close three depots
Morrisons has confirmed that it is closing three of its distribution centres.The supermarket group said that its sites at Aylesford, Bristol and Warrington faced the risk of closure and the 2,500 staff employed there would be encouraged to...
-
News
Pumping up the volume
The Safeway deal turns attention on just how large a forecourt retailer Tesco has, perhaps by default, become says Beth BrooksThere’s no doubting the fact that Tesco has always regarded the petrol arena as a massive business...
-
News
Strike threat persists
Morrisons is still in a fight to stave off potentially crippling strike action at five of its depots.A three-day strike planned for this weekend, followed by an overtime ban and a seven-day strike, has been suspended for seven days after the...
-
News
Fire puts Auld Foods out of action
Tesco, Sainsbury and Morrisons could be short of own-label frozen and chilled desserts for a few weeks following a blaze at a Scottish supplier.The fire at Aulds Foods’ Inchinnan factory, in Refrewshire, took firefighters 10 hours to put out,...
-
News
Magners pushing into retail
Irish cider brand Magners is planning a massive push into the off-trade after a successful launch in pubs.The drink will initially be available through Morrisons, Spar and selected Asdas, as well as independent off-licences. It will be...
-
News
Strike may spoil opening of RDC
The official opening of Morrisons’ new £50m regional distribution centre near Kettering is likely to be overshadowed by nationwide strike action, the GMB union has warned.Building work on the 71-acre Latimer Park RDC site, the largest owned by...
-
News
Sir Ken hires Manduca as his fourth non-exec
Sir Ken Morrison, chairman of Morrisons, has delivered on his promise to appoint a fourth non-executive director, with fund management veteran Paul Manduca joining the board.The appointment comes four months after Sir Ken told shareholders at...
-
News
Morrisons triumphs in cheese awards
Morrisons in Woking and Low Sizergh Barn Farmshop in Kendal emerged triumphant in this year's Retail Cheese Awards sponsored by Dairy Crest and The Grocer.The stores were named UK champions in the categories for best multiple and best...
-
News
Morrisons faces strike action
Morrisons is facing the threat of possible strike action at its distribution centres after the retailer said that it would be restructuring and reviewing its warehouse and distribution network.More than 7,000 workers were balloted on strike...