Troubled grocer Morrisons set for FTSE 100 demotion June 1, 2015 Morrisons is facing relegation from the FTSE 100 this month, having been earmarked for demotion by the stock market's committee. The troubled supermarket, whose share price has fallen more than 15.5 per cent in a year, is the company “nearest to the 111th threshold” to enter the FTSE 250, the London Stock Exchange said [...]
Morrisons may face revolt over Dalton Philips’s £3m pay package May 31, 2015 Morrisons is expected to clash with shareholders this week over the supermarket’s ousted chief executive Dalton Philips £3m pay package. Philips was forced to step down in February, after failing to halt the decline in sales at the grocer during his five years in charge. He walked away with a £1.1m payoff, as well as [...]
Fighting forward: The Black Farmer’s Wilfred Emmanuel-Jones talks sausages, political incorrectness and willpower May 31, 2015 Being an entrepreneur is all about timing. You can have the best-laid plans in the world, a huge amount of skill, but it’s really about catching the zeitgeist.” This is Wilfred Emmanuel-Jones’s opening line to me. After a brief pause, he adds, “life is also all about timing”. This is something the founder of [...]
Golf Comment: On this sublime form, Rory could win the year’s other three Majors May 18, 2015 AT THE start of every year Rory McIlroy jots down his targets for the season on a piece of paper, folds it up and puts it away in his wallet. Whatever he set himself in January, he ought to up it on current form. With a swing like his, McIlroy could win every week. I [...]
Three things to expect from the M&S full-year results on Wednesday May 18, 2015 If City analysts are anything to go by, this Wednesday could be a good one for Marks & Spencer's chief executive Marc Bolland. The troubled high street giant is forecast to post its first full-year rise in profits for four years. M&S has invested billions of pounds trying to improve the 798-strong store portfolio, up [...]
Records tumble as Rory McIlroy claims Quail Hollow win May 17, 2015 WORLD No1 Rory McIlroy carded a final-round 69 to storm to a record-breaking victory at the Wells Fargo Championship at Quail Hollow in North Carolina last night. Four-time Major winner McIlroy failed to repeat the heroics of his stunning round of 61 on Saturday but finished on a staggering 21 under par for the tournament, [...]
Galliford Try wins £55m of school projects May 7, 2015 GALLIFORD Try said yesterday that it has won two new contracts in the education sector worth up to £55m. The FTSE 250’s construction business Morrison Construction will refurbish four primary schools in Scotland after being appointed preferred bidder by Moray Council. Its building business has also won a £38m contract in Hull and East Riding [...]
Morrisons boss says customers key to survival May 7, 2015 MORRISONS new chief executive David Potts said yesterday that it would take more weeks of listening to customers and staff to understand how to bring the “British underdog” back to life, as it reported a further drop in sales. In his first trading update since taking over the reins in March, Potts said he had [...]
Analyst Views: What was your reaction to Morrisons’ first update under potts? May 7, 2015 BRUNO MONTEYNE | BERNSTEIN While we count the new chief executive David Potts as a great addition to the team, we think the task of repositioning Morrisons is much harder than for Tesco as it has less competitive advantages and it will take much longer than what currently is embedded in consensus margin expectations. CLIVE [...]
FTSE slumps on market jitters over close vote – London Report May 7, 2015 BRITAIN’S top share index fell to one-month lows yesterday as voting got underway in what looks set to be one of the country’s closest national elections in decades. With the result uncertain, the vote could yield a weak government, push the world’s fifth-largest economy a step closer to leaving the European Union and stoke Scottish [...]