Morrisons is the only big four grocer “currently on right track”, says Nielsen June 5, 2015 Morrisons waits for good news for months and then three come along at once. The supermarket – which has, until now, been one of the more unloved – has already had one set of figures prove it's the only one of the big four in growth, which in turn prompted a share price rally, [...]
Halfords share price rises as revenue exceeds £1bn June 5, 2015 The figures Halfords recorded revenue in excess of £1bn in the year to the end of March thanks to strong sales in both its car and cycle businesses, triggering a two per cent rise in its share price in early trading. Read more: Halfords share price plunges as chief executive Matt Davies poached by Tesco The [...]
Investors revolt over Morrisons’ ex-chief Dalton Philips’s pay June 4, 2015 Morrisons’ new management pledged to review its pay policies after the supermarket faced a shareholder revolt yesterday over the size of the bonus awarded to its ousted chief executive Dalton Philips. More than a third of shareholders (35.6 per cent) rejected the retailer’s remuneration report, according to proxy voting results revealed at its annual [...]
Supermarket sweep: Here’s how Britain’s rapidly changing grocery sector will look in 2020 June 4, 2015 Here's a slither of good news for Britain's embattled grocery sector – growth is likely to pick-up over the next five years, according to food and consumer goods researcher and charity IGD. The grocery market will swell by 13 per cent to £200.6bn by 2020, as growth picks up from a low of 1.7 per [...]
Marks & Spencer chief executive Marc Bolland pockets £600,000 bonus after retailer’s first profit rise in four years June 4, 2015 It's not just shareholders who will be pleased that Marks & Spencer finally returned to growth last year. Marc Bolland has pocketed a bonus worth nearly £600,000 for the high street retailer's green shoots, which reported its first rise in profits in four years last month. Bolland received a bonus worth £596,000 on [...]
Mike Ashley’s Sports Direct hires Matt Pearson as new finance boss after 18 months… but he’s only “acting” June 4, 2015 It's taken 18 months and some serious shareholder pressure, but Sports Direct has finally appointed a new finance boss… although only on an interim basis. The Mike Ashley-owned retailer has today promoted Matt Pearson to the role of acting chief financial officer with immediate effect. He also joins the board. Pearson was group [...]
Tesco boss Dave Lewis tackles food waste: Unsold food given to charities in new scheme June 4, 2015 Tesco boss Dave Lewis is taking steps to reduce food waste at the supermarket. New figures reveal the company has thrown away 55,400 tonnes of food over the past year, as he announced plans to give away unsold food that is still edible to charities, helping the homeless and other vulnerable groups. "No one wants to [...]
Morrisons clings to its position in FTSE 100 index June 3, 2015 MORRISONS yesterday narrowly escaped eviction from the FTSE 100 after being saved at the eleventh hour by strong retail figures. Inmarsat was yesterday promoted to Britain’s premier share index, while power company Aggreko was relegated to the FTSE 250. Bradford-based Morrisons had been widely expected to be demoted after suffering a decline in sales, profit [...]
Morrisons beats Tesco, Asda and Sainsbury’s to grow market share June 2, 2015 ONLY WM Morrison managed to improve its market position in the 12 months to the end of May, as the supermarket sector shake-out continues to pound the big four grocery chains. Morrisons sales edged up by 0.1 per cent on the year, as its market share held flat at 10.9 per cent. Aldi stormed up the [...]
Morrisons the only “big four” supermarket in growth June 2, 2015 Is this a case of too little too late or the beginning of a turnaround? Morrisons was the only one of the “big four” supermarkets to grow over the last 12 weeks, according to latest figures by Kantar Worldpanel. The supermarket, which this week faces demotion from the FSTE 100, managed a sluggish 0.1 [...]