Morrisons - Latest News and Analysis – Page 123
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Tesco to tussle for Safeway
Tesco has entered the battle for control of supermarket chain Safeway and said it is making a submission to the Office of Fair Trading in relation to a possible bid.Tesco boss Sir Terry Leahy said: “We have always understood that competition...
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Why Sainsbury wants Safeway
If Christmas trading figures from the big five are anything to go by, it is no wonder Sainsbury is so desperate to pick up Safeway. Its 2.8% rise in like-for-like sales, including petrol, came in as the lowest of the major multiples with even...
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The outlook at the OFT
The T&S deal got the go-ahead from the OFT after it ruled that convenience stores were a separate market to supermarkets (a reason why some industry watchers believe Tesco could consider swooping on smaller Safeway stores). But the OFT will not...
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Meanwhile, at Tesco...
If you switched on the news any night this week, the chances were you caught Sir Peter, Sir Ken or Mr DeNunzio explaining why hoisting their respective fascias over Safeway's front door offered consumers the best deal. The only supermarket boss...
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The suppliers' favourite
Siân Harrington Morrisons is the overwhelming first choice of suppliers in the battle to win control of Safeway. Brand manufacturers and own label suppliers contacted by The Grocer expressed deep concerns about the power of Sainsbury and...
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Who will get the break?
Suppliers are gunning for Morrisons. Consumer opinion is mixed. As for shareholders, a cash-based killer offer from Wal-Mart would be hard to turn down, but can they afford to gamble? With speculation as to who will buy Safeway changing daily, it is...
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Giants battle for top spot
Morrisons reclaims the top spot in the chart this week, forcing Asda back down to second place while the remainder of the chart remains stable. Morrisons is particularly strong on alcoholic drinks, with a wide variety of brands on promotion in this...
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Timeline to the Auction
16/10/97 Safeway's reputation is dented by the revelation it has held merger talks with Asda, which claims it would have emerged as the dominant partner. 14/11/97 Safeway's name is again linked with its namesake in the US, and with...
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Press round-up
In response to the price cuts announced by Tesco and Asda, communications director at Safeway, Kevin Hawkins, told the BBC’s Radio 4 Today programme that he viewed the reductions with a big touch of scepticism. He said: "We have these so-called...
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Weekend press round-up
The Business reported that Wal-Mart and Sainsbury are to fight for Safeway with independent bids to scupper the Morrisons takeover.The Sunday Times said Sainsbury boss Sir Peter Davis wants to move quickly on Morrisons all-share deal for...
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Weekend press round-up
Many Safeway staff may not get Christmas bonuses this year after the supermarket failed to hit performance targets, reported The Times on Saturday. Store managers and employees responsible for the fresh food departments and who have met...
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Press round-up
Asda and Morrisons could launch a joint £2.7bn bid for Safeway. City bankers told The Observer that Asda was ready to help Morrisons if BHS owner Philip Green makes a counter-bid next month. Bankers told the paper that Morrisons would be...
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Press round-up
Philip Green will enter talks with the OFT on Monday about his proposed bid for Safeway, the Sunday Times reported. The paper added that Irish grocer Superquinn’s share of the grocery market has declined over the past six months.Taylor Nelson...
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Press round-up
Bidders vying to take over Safeway will this week discover what they must do to seize control of the supermarket group.The Times said that the Competition Commission will tomorrow publish the hypothetical remedies that may be required from...
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Sainsbury to table a bid for Safeway
Sainsbury this morning said it is to consider tabling a £3.5bn cash and shares bid for Safeway which trumps the offer made by Morrisons last week.Chief executive Sir Peter Davis said that Sainsbury had identified Safeway as a possible target...
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Super chance' proclaims Sir Ken
John Wood Morrisons stunned the industry this week with a takeover bid for Safeway that would catapult it over Asda into third place in UK market share and leave it snapping at the heels of Sainsbury. Morrisons executive chairman Sir Ken...
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I t came out of the blue, flying in the face of repeatedly c
Sir Ken Morrison is famous for his quiet, publicity shunning manner of operation. But in his quiet way he has built up Morrisons into a hefty player in the top rank of British supermarketing. Now, after two months of secret talks, this deal, at...
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Biting off more than it can chew?
On Wednesday, January 8, we polled the best City minds to see whether they felt there would be a bid for Safeway this year. Of those quizzed, 70% said such a move would not happen in 2003. And 40% thought it unlikely in the foreseeable future. The...
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It's a fair bet that the slumbers of Wal-Mart CEO Lee Scott
For weeks, the story on both sides of the pond has been about Wal-Mart making a bid for Safeway in a move that would consolidate its already strong stake in the UK trade through Asda. Indeed, one story, widely circulating in Wall Street...
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BABY WIPES
The baby wipes sector appears one of the fastest growing areas, with an overall growth in the latest year of 20%. All key outlets appear to be driving this growth with Boots, Superdrug, Sainsbury, Tesco and Safeway overperforming the total market. A...