Morrisons

Morrisons sales down 6.4% in Q2

Morrisons has reported that like-for-like sales were down 6.4% in Q2, improving only towards the end of the quarter as…

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Morrisons welcomes CMA’s green light for CD&R takeover

Morrisons welcomed the announcement today by the Competition and Markets Authority (CMA) that it has accepted the undertakings given by…

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Morrisons secures McColl’s deal saving 16,000 jobs and pensions

Alliance Property Holdings Limited, part of the Morrisons Group, has secured a rescue deal for embattled retailer McColl’s that will…

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CD&R offers to sell petrol stations in bid to push through Morrisons deal

CD&R has offered to sell a number of its petrol forecourts in order to push through its £7bn acquisition of…

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Morrisons begins hunt for new CEO

The new owner of Morrisons, private equity firm Clayton Dublier & Rice (CD&R), has reportedly started its search for a…

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Morrisons shareholders give £7bn takeover green light

Morrisons has confirmed that its shareholders have approved its £7bn takeover by CD&R Bidco in a meeting held this week. …

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Morrisons acquired by CD&R in £7bn auction

Morrisons has announced that it has been acquired by US firm Clayton, Dubilier and Rice (CD&R) for a total of…

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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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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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