Morrisons

Morrisons warns of ‘industry-wide’ inflation as profits drop 37.1%

Morrisons has forecasted “industry-wide” price increases across the retail sector during the second half of FY22, as HGV driver issues…

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Morrisons battle set to be decided with auction

The bidding war between rival US private equity firms for the ‘Big Four’ grocer Morrisons is reportedly set to be…

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Issa brothers plan to open 300 Asda convenience stores

Asda’s new owners, the Issa brothers’ are reportedly planning to open more than 300 convenience stores under the supermarket’s name…

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Morrisons takeover could weaken pension security, pension trustees warn

A takeover of Morrisons could “materially weaken” the security of its pensions schemes if additional protections are not implemented, according…

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Morrisons eyes ex-Tesco boss Terry Leahy as chairman

Morrisons is reportedly considering appointing former Tesco boss Sir Terry Leahy as its next chairman if a £7bn takeover bid…

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Morrisons accepts £7bn offer from CD&R

Morrisons has revealed it has accepted a new £7bn offer from US private equity firm Clayton, Dubilier and Rice (CD&R).…

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Grocery sales fall 4% as pre pandemic habits return

Grocery sales fell by 4.0% during the 12 weeks to 8 August 2021 compared with the same time last year…

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CD&R looks to counter Fortress bid for Morrisons

Clayton Dubilier and Rice (CD&R), an American private equity company, is believed to be gearing up to place a counter…

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McColl’s H1 losses widen to £2.1m

McColl’s Retail Group, the convenience shop and newsagent operator, saw its losses before tax widen to £2.1m for the 26-week…

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Morrisons to close on Boxing Day for the first time ever

Bosses at Morrisons have told staff they can have Boxing Day off this year as a thank you for their…

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