Morrisons - Latest News and Analysis – Page 108
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Why OFT is eyeing acquisitions
The Office of Fair Trading has questioned 23 of the 114 Safeway compact stores acquired by Somerfield. So why have these particular stores been called in?CACI has built catchments around each of the stores and modelled local grocery...
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Two Morrisons products withdrawn
Two own-label products from Morrisons have been withdrawn from sale.The products – Morrisons Bettabuy chicken casserole and Morrisons Bettabuy stewed steak – were withdrawn after routine tests detected traces of peanut that aren’t mentioned...
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United’s bid: who’s in the shadows?
Is United Co-op’s Peter Marks bidding for Somerfield on behalf of several societies? And should it take heed of the lessons from Morrisons’ acquisition of Safeway? Fiona McLelland reportsUnited Co-operatives surprised everyone last...
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Morrisons ditches Wiseman
After weeks of speculation, Morrisons has confirmed that it will rationalise its liquid milk supply base.The multiple – the last of the big four to review its supply arrangements – will ditch Robert Wiseman Dairies and increase the amount of...
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Morrisons sells island stores
Morrisons has sold its two Channel Island Safeway stores to Jersey-based-company CI Traders for £51m.The disposal of its Jersey and Guernsey stores comes as Morrisons seeks to concentrate on its core UK business.The move will also...
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Morrisons looks set to sell in Northern Ireland
Morrisons looks closer than ever to selling its 13 Safeway stores in Northern Ireland.Its annual report, which details when it will convert a significant proportion of its remaining Safeway stores, makes no mention of when or if the Northern...
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Morrisons looks set to sell in Northern Ireland
Morrisons look closer than ever to selling its 13 Safeway stores in Northern Ireland.Its annual report, which gives details of when it will convert a significant proportion of its remaining Safeway branded stores, makes no mention of when or...
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Falconer boosts Britvic take-home
Britvic Soft Drinks has named Colin Falconer as its new business development manager for Sainsbury.Falconer joins Britvic from pharmaceutical giant Pfizer, where he had been business account manager for Boots, Sainsbury and Safeway. Prior to...
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Flying the British flag
Colin Smith faces a challenge: to unite the entire supply chain behind the red tractor scheme. Richard Clarke reportsColin Smith is a busy man. The former chief executive of Safeway is now chairman of discount retailer Poundland and...
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Nisa picks up BP contract
Nisa-Today’s has picked up the contract to supply the 31 BP stores left without a stocking partner following the fuel giant’s retail split from Safeway.The wholesaler will begin supplying the stores with a range of ambient, frozen and chilled...
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Baugur joins combined bid to buy out Somerfield chain
Competition officials have revealed the 23 former Safeway stores that Somerfield may be forced to divest.The move came as some City analysts predicted that Somerfield could be broken up if a consortium comprising Icelandic retail group Baugur...
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Dairy Crest waiting on Morrisons
Continuing post-takeover woes at Morrisons are creating uncertainties at Dairy Crest.The processor has been hoping the retailer would be the last of the major supermarkets to undertake a review of its milk sourcing arrangements, and award new...
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Morrisons-BP partnership comes to an end
UK oil company BP, and supermarket group Morrisons have announced that they have reached an agreement to end their eight-year old partnership.The companies plan to divide their assets between them with 31 partnership stores to be taken over...
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Morrisons to pull out of Isle of Man
Morrisons is to pull out of the Isle of Man as it continues to sell off its non-mainland stores.The £3m sale of its Safeway Compact store in Douglas to Shoprite was followed by confirmation that it intended to sell its other island Safeway...
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Defensively optimistic
Siân Harrington asks what the prognosis is for MorrisonsWe only need our existing customers to spend £2 more per basket, says Sir Ken Morrison. But this is easier said than done in an environment where his rivals are fighting tooth...
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Morrisons board shake-up
Sir Ken Morrison this week stressed he was not thinking of retiring as he announced a shake-up of the Morrisons board, including the much-predicted departure of finance director Martin Ackroyd.The retailer, which shocked the City with a profits...
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Morrison’s Ackroyd quits from finance post
Morrisons supermarkets has said its finance director Martin Ackroyd, has quit, following its announcement of a profits warning last Thursday.Morrisons today reported its like-for-like sales for the year ended January 30 were up by 7.1%...
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Tesco’s control complete
Tesco has decimated the competition over the last 12 months, stealing £1bn of business from rivals and picking up the lion’s share of lost trade from Sainsbury, Marks and Spencer and Morrisons/Safeway, according to new switching data from...
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Call for price rise across dairy
Sainsbury and Morrisons this week increased the retail price of their milk by 2p a pint to 32p, following a similar move by Tesco and Asda last week.The upward shift has delighted farmers, who will now try to secure increases across the cheese...
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Morrisons lifts Waitrose sales
Waitrose appears to be reaping the rewards of its acquisition of 19 stores from Morrisons.The supermarket, which reports its figures in full next month, said sales in the 12 months to January 29 were up by 12% on the same period last...