Stock exchange reshuffle puts Inmarsat in FTSE 100 June 2, 2015 Troubled banknote printer De La Rue is likely to tumble out of the FTSE 250 less than a week after it posted a £20m decline in profits during the last financial year. The London Stock Exchange (LSE) yesterday announced several potential changes to its indices, with supermarket group Morrisons expected to move from 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 [...]
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 [...]
Morrisons share price down after sales fall, despite slower rate under new boss David Potts May 7, 2015 The figures The Bradford-based retailer said that like-for-likes excluding fuel were down 2.9 per cent in the 13 weeks to 13 May. However, this was slightly less than analysts' forecasts of a decline of three per cent. Shares in Morrisons were trading down two per cent at 176.2 pence per share this morning. Why it's interesting [...]
Record grocery deflation hurts sales at Tesco, Asda and Morrisons and Sainsbury’s May 6, 2015 All four of Britain’s major supermarkets saw sales fall over the last 12 weeks, while the discounters continued to slow, as grocery price deflation reached another record low, figures released yesterday show. Sainsbury’s was the strongest performer among the big four despite a 0.2 per cent fall in sales thanks to its increased focus on [...]
Supermarket share: Rise of discounters Aldi and Lidl continues – although Sainsbury’s performs well May 6, 2015 Sales at discounters Aldi and Lidl grew 15 per cent and 10 per cent respectively in the past year, data published this morning shows. On the day Sainsbury's posted its first loss in 10 years, that's significant. More on this story: Sainsbury's reports its first loss in a decade The figures, published by Kantar Worldpanel, [...]
Aldi and Lidl expansion plans speed ahead of Tesco, Sainsbury’s, Morrisons and Asda in supermarket wars with five times as many planning applications May 5, 2015 Rival German discounters continue to outpace the UK's "big four" in the supermarket wars with ambitious plans for expansion five times the rate of Tesco, Sainsbury's, Morrisons, and Asda combined. While Tesco and Morrisons have been forced to shutter stores in the midst of declining sales and squeezed margins, Aldi and Lidl have submitted plans [...]
Cost of the weekly shop declines as supermarket price war rages on May 5, 2015 The cost of the average weekly grocery shop plunged by eight per cent year-on-year in May as fierce competition between the grocers continues to impact the market. Research by mySupermarket’s Groceries Tracker showed that a basket of 35 staple products across all major grocers cost a total of £86.69 in May, down from £93.87 12 [...]
Ex Morrisons chief Dalton Philips pockets £1m bonus April 28, 2015 Former Morrisons chief executive Dalton Philips, whose last year in the role saw the supermarket cut its dividend amid large losses, is being given a £1m bonus for 2014/15. This comes on top of his base salary of £850,000, and other benefits including his pension. In total, Philips will take home almost £2.1m. [...]