Morrisons - Latest News and Analysis – Page 106
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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...
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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,...
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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...
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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...
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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...
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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...
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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...
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Tesco claims it’s no big deal
Retail king defends c-store acquisitions as IGD reveals extent of its dominanceTesco has insisted that its plan to acquire as many as 30 Safeway forecourt c-stores does not mean it is reneging on a vow to grow its Express format by only...
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Somerfield must sell 12 stores
Somerfield must sell 12 of the 115 stores it acquired from Morrisons, the Competition Commission has concluded.In a statement released this morning, Christopher Clarke, chairman of the inquiry, said: “Following responses to our provisional...
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Tesco acquires 30 petrol stations
Tesco has made an offer to acquire 30 former BP/Safeway petrol stations from supermarket group Morrisons.The deal for the 30 petrol stations and convenience stores, which are located across England and Wales, is subject to BP pre-emption...
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Trolley maker to close
A major manufacturer of supermarket trolleys is to close, with the loss of 90 jobs. Buko, based at Glenrothes in Fife, had suffered from poor trading, which affected profits. The company, which supplied Asda and Safeway, also manufactured...
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Asda grows by 40 stores this year
As Wal-Mart released its second-quarter results this week, it said there would be 40 new Asda stores by the end of the year.Since January, 14 of these stores have already opened and the total will include the 12 former Morrisons stores in...
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Sainsbury acquires nine stores
Sainsbury has acquired nine former Safeway stores from Morrisons.Eight of the stores are located in the south of England and the ninth is in Scotland. They have an estimated gross asset value of approximately £16.8m.Justin King,...
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Tesco faces pay militancy
Tesco has become the latest supermarket to be hit by the on-going unrest among distribution workers and unions.Asda and Morrisons distribution centres have already been caught up in various pay and employment disputes for months and now the...
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Strike threat looms
Morrisons has been branded “pig-headed” as the threat of a national depot workers’ strike looms. All union depot workers in Scotland and England will be balloted for industrial action after formal notification is sent to Morrisons next week.The...
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Reasons to be confident
Things are starting to look up for Morrisons, says Ronan HegartyThis week came the first signs that things are looking up for the beleaguered Morrisons as it reported like-for-like sales excluding fuel up 2.6% for the six months to...
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Mixed reaction to Morrisons update
Analysts remain divided as to whether Morrisons latest trading update revealed yesterday was good news for the supermarket group.Morrisons said that total like-for-like sales for the continuing business for the half-year to end July 24 had...
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Poland’s supply impact is set to mushroom
The boss of Morrisons’ mushroom supplier says the appointment of a Polish woman to head up its producer group indicates that Poland is to become a far more significant player in the UK market.C John Smith, MD of marketing and distribution...