Morrisons news and analysis – Page 36
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News‘Cut the Shops Tax’ retail coalition calls on Chancellor to cut business rates
The coalition argues that by cutting these rates, businesses will be able to invest in store development and create new jobs
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NewsMorrisons takeover set to clear final hurdle after CMA accepts forecourt disposal plan
CD&R has offered to divest 87 of MFG’s petrol stations to “a purchaser or purchasers to be approved by the CMA”.
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Analysis & FeaturesAre Asda and Morrisons’ price cuts enough to win back shoppers?
Asda and Morrisons have both announced major pricing offensives. But will it be enough to win shoppers – and how are they funding it?
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Comment & OpinionThe price war is hotting up and Asda and Morrisons won’t be the only ones joining the fight
Both retailers have been struggling in the top four battle of late, and both have new owners trying to put their stamp on their businesses
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NewsPrice wars as new owners of Asda and Morrisons throw millions at cuts
Asda also announced 120,000 hourly paid shop floor colleagues would see their pay increase to £10.10 per hour from July
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NewsCity snapshot: McColl’s trading slows as rescue talks continue
McColl’s has issued a profits warning after slower than expected Easter trading, while it remains locked in talks with its lenders and Morrisons over a financing package to enable its ongoing trading
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NewsMorrisons launches Gourmet Collection British meat and poultry range
The 12 products aim to highlight the best produce the UK has to offer and have been developed in partnership with British farmers
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NewsAsda appoints ex-Morrisons CFO Michael Gleeson as John Fallon departs
Asda said Fallon has decided to leave the business to explore new opportunities
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InterviewsWho needs Sainsbury's? Meet the pioneer behind Morrisons Daily’s first independent store
Harj Dhasee was the first independent retailer with Morrisons Daily after being left high and dry when Sainsbury’s pulled the plug on its wholesale plans
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NewsMorrisons attracting independent retailers to Daily fascia with no delivery fees
Senior wholesale manager Nick Russell told The Grocer it had recently signed up several retailers to the brand and is in “active discussions with lots more”.
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NewsMorrisons hit with credit downgrade over debt concerns following CD&R takeover
Plans to refinance Morrisons multibillion-pound debt pile have been dealt a blow as Moody’s downgraded the supermarket’s credit rating
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Comment & OpinionWhat we can learn from Morrisons’ market trader approach to retail
The supermarket has stayed true to its heritage and differentiated itself from rivals, says Jeremy Garlick, partner at Insight Traction
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Comment & OpinionSupermarket pay: a game where the stakes keep getting raised
Most UK supermarkets have announced pay adjustments in recent weeks. But Tesco’s move is particularly interesting
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NewsWaitrose and Morrisons ration cooking oils amid shortages caused by Ukraine conflict
The vast majority of the UK’s sunflower oil comes from Ukraine and Russia, with the shortages forcing some suppliers to replace sunflower oil with rapeseed oil
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Analysis & FeaturesFour HFSS layout trials underway in UK stores
New HFSS laws ban the placement of unhealthy foods on checkouts, aisle ends and in store entrances. So what will retailers do with the vacated space? And where will they put those HFSS foods?
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NewsJoanna Goff takes over as Morrisons CFO at pivotal time for supermarket’s new owners
Goff has been at the retailer for more than 10 years and replaces Michael Gleeson, who announced his departure last month
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Analysis & FeaturesWhy Oxfam is going beyond the supermarket human rights scorecard
Oxfam’s final human rights table shows the discounters now ahead of all rivals except Tesco
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Comment & OpinionMorrisons’ results put CD&R under pressure with refinancing mission
Clayton Dubilier & Rice must show they can invest enough to stop the retailer being left behind by its rivals
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NewsMorrisons new owners look to speed up refinancing despite profits warning
Sources said despite the gloomy predictions in the update given yesterday, it had “cleared the way” for CD&R to seek bank support to refinance more than £6bn of short-term borrowing
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NewsMorrisons warns on impact of inflation and ‘geopolitical environment’
Private equity owned Morrisons has warned its profits will come under pressure from mounting inflation and the situation in Ukraine.