Morrisons

French conglomerate sues Morrisons over £2.5bn petrol forecourts deal

Bouygues, a French conglomerate, is reportedly looking to block Morrisons’ £2.5bn deal to sell over 300 of its petrol forecourts…

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Morrisons completes £2.5bn petrol forecourts sale to MFG

Morrisons has successfully closed the sale of 337 Morrisons’ petrol forecourts and more than 400 associated sites on the Morrisons’…

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Morrisons posts £1.1bn loss as debt payments rise

Morrisons has posted a loss before tax of £1.1bn for the year ended 29 October 2023 as its debts increased…

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Morrisons hires advisors as it eyes sale of bakery business

Morrisons has reportedly drafted in advisers to explore the potential sale of its bakery business, as part of plans to…

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Morrisons stores chief steps down

Morrisons stores chief has stepped down from his role at the company after four years, The Telegraph has reported. David…

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Morrisons EBITDA hits £970m

Morrisons has revealed that its EBITDA increased 6.5% to £970m, for the year ended 29 October 2023. Alongside this, the…

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Morrisons nears £2.5bn sale of forecourt business

Morrisons is reportedly close to agreeing a deal to sell its forecourts business to Motor Fuel Group (MFG) in a…

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Today’s news in brief-28/09/23

Rami Baitiéh will take over as Morrisons’ new CEO from November, succeeding David Potts, who has held the position for…

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Morrisons invests £26m in sixth course of price cuts

Morrisons has announced that it will spend £26m on cutting prices in its stores for the sixth time this year.…

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Morrisons sales rise in Q1 as it targets £700m cost-cutting drive

Morrisons has revealed that revenues rose by 3.4% to £4.7m in the first quarter of the year as it announced…

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