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Morrison (Wm) Supermarkets PLC Add to portfolio

LON100:MRW, Sep 22, 11:28 UTC

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Thursday, September 19


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Greggs, Aldi, Asda, Waitrose, Morrisons shoppers urged not to eat these products and offered refunds - Birmingham Live

MRW GRG +1 more MRW GRG WMT

You can read more in our cookie notice. Or, if you do not agree, you can click Manage below to access other choices. If you choose not to, you will still see adverts on our site, because they help us to fund it, but those adverts will not be tailored to you. Shoppers at the bakery giant Greggs are affected by the latest string of product recalls from the Food Standards Agency (FSA). The FSA has issued urgent advice to consumers over affected items, which are all impacted by health and safety risk fears. The presence of plastic makes this product unsafe to eat.

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Friday, September 13


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WM Morrison Supermarkets (LON:MRW) Earns Underweight Rating from Barclays – TechNewsObserver

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Jefferies Financial Group lowered their target price on shares of WM Morrison Supermarkets from GBX 265 ($3.46) to GBX 255 ($3.33) and set a “buy” rating for the company in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The company has a fifty day simple moving average of GBX 188.81 and a 200-day simple moving average of GBX 208.11. WM Morrison Supermarkets has a 12-month low of GBX 176.90 ($2.31) and a 12-month high of GBX 269.80 ($3.53).

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Thursday, September 12


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London stocks make modest gains as Morrisons rallies and ECB cuts rates and flags more QE

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London stocks make modest gains as Morrisons rallies and ECB cuts rates and flags more QE. StockMarketWire.com - UK stocks barely budged in late trade on Thursday as the European Central Bank cut interest rates in the eurozone and set the scene for more quantitative easing down the line. Investors are clearly more concerned about wider economic issues, including signs of easing tensions between the US and China over their trade tariff tiff as Donald Trump said he would delay a planned tariff hike on $250bn of Chinese goods that were set to come into effect on 1 October. Supermarket chain Morrisons surged to the top of the FTSE 100 leader board, rallying 4.6% to 202.9p after it boosted its interim dividend and said it would pay a special dividend following a surge in profit in the first half of the year.

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How Morrisons is expanding through multichannel and wholesale – and how Co-op is developing its food delivery - Strategy and Innovation

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Morrisons today set out how it would expand the multichannel services on offer to its direct customers, while growing wholesale partnerships with retailers including Amazon to £1bn a year as it reported a sharp rise in pre-tax profits. Morrisons runs its online grocery service in partnership with Ocado, but following the fire at Ocado’s Andover customer fulfilment centre (CFC) it has given up its space in Ocado’s Erith CFC until January 2021 and is instead delivering from more of its stores as it expands its online deliveries to new areas including parts of Scotland, the South West and the North West. Co-op chief executive Steve Murrells said: “Our food business continues to perform strongly in a highly competitive market and has now recorded 22 consecutive quarters of like-for-like sales growth. As our largest business it is providing the fuel for our growth in terms of member value and community impact.”. Mercadona looks to cloud and IoT with 200 IT hires. How John Lewis and Waitrose owner is transforming through service and experience. How Morrisons is expanding through multichannel and wholesale – and how Co-op is developing its food delivery.

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London market stays flat despite Morrisons rally as investors warily eye economic data

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London market stays flat despite Morrisons rally as investors warily eye economic data. Investors are clearly more concerned about wider economic issues, including the latest on the US-China trade tariff tiff although sentiment on trade received a boost after US President Donald Trump said he would delay a planned tariff hike on $250bn of Chinese goods that were set to come into effect on 1 October. At 12.00pm the benchmark FTSE 100 index was trading virtually unchanged at 7,337.09 ahead of ahead of the key announcement from the European Central Bank which is expected to set the tone for the markets. Supermarket chain Morrisons surged to the top of the FTSE 100 leader board, rallying 4.3% to 202.4p after it boosted its interim dividend and said it would pay a special dividend following a surge in profit in the first half of the year.

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FTSE flat as Morrisons, miners chalk up gains; ECB eyed

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FTSE flat as Morrisons, miners chalk up gains; ECB eyed. Sentiment on trade received a boost after US President Donald Trump said he would delay a planned tariff hike on $250bn of Chinese goods that were set to come into effect on 1 Oct. Fresnillo and BHP and Rio Tinto were up more than 1%. The benchmark FTSE 100 index rose 0.1%, or 3.5 points, to 7,341.53 ahead of the European Central Bank monetary policy decision due later this morning with expectations running high that the central bank will deliver fresh stimulus measures. Aerospace and defence company Babcock rose 2.50% 551.40p after the company it had been selected by the UK Ministry of Defence as the preferred bidder to deliver its newest fleet of warships.

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What to Watch: Morrisons' sales fall, Co-op warns on Brexit, and ECB ahead

EURNZD MRW +7 more EURNZD MRW EURUSD GBPUSD EURAUD EURGBP EURJPY EURZAR EURCAD

Here are the top business, market, and economic stories you should be watching today in the UK, Europe, and abroad:. Morrisons (MRW.L) has ended its stellar run of sales growth, announcing a 1.9% slump in sales for the three months to 4 August. “Our food business continues to perform strongly in a highly competitive market and has now recorded 22 consecutive quarters of like-for-like sales growth. As our largest business, it is providing the fuel for our growth in terms of member value and community impact.”. “The package today will likely include the first cut in the deposit rate since 2016 at what will be President Draghi’s penultimate meeting in charge,” Deutsche Bank strategist Jim Reid and his team wrote in a note to clients.

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Yorkshire supermarket chain Morrisons signs up to 'multi-year' deal with Amazon

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Yorkshire supermarket chain Morrisons has signed up to a new multi-year agreement with online giant Amazon as the supermarket attempts to keep pushing further into the wholesale market. Chief executive David Potts revealed the deal, which will enable more shoppers to order Morrisons products for same day delivery on Amazon - expanding on a previous trial. The deal with Amazon comes as the supermarket revealed its 14 consecutive quarters of growth have come to an end, with sales in the three months to August 4 falling 1.9% on a like-for-like basis. Total revenues for the six months to August 4 rose 0.4% to £8.83 billion and pre-tax profits were up 48.5% to £202 million, leading to the payout of a second special dividend this year. But the primary focus for Morrisons is on expanding its wholesale business, with Mr Potts saying he wants to see more of his products in high street convenience stores.

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UPDATE 2-Tariff delay, Morrisons help FTSE 100 stay afloat

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UPDATE 2-Tariff delay, Morrisons help FTSE 100 stay afloat. Sept 12 (Reuters) - London's blue-chip index ended in the black on Thursday as trade concerns were soothed by a two-week U.S. tariff reprieve on Chinese imports and Morrisons jumped on upbeat profit and forecast. The FTSE 100 index was in and out of negative territory through the session but ended 0.1% higher, boosted by a 1% rise in tobacco giant BAT after layoff plans that offset losses in oil majors BP and Shell. The main index earlier touched a more than one-month high, helped by gains in global miners such as BHP and Anglo American after U.S. President Donald Trump agreed to delay increasing tariffs on $250 billion worth of Chinese imports.

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FTSE 100 rises on tariff delay; Morrisons jumps on profit beat

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FTSE 100 rises on tariff delay; Morrisons jumps on profit beat. * FTSE 100 up 0.1%, FTSE 250 up 0.2%. Sept 12 (Reuters) - London's blue-chip index edged higher on Thursday, as a two-week U.S. tariff reprieve on Chinese imports lifted investor sentiment, while supermarket chain Morrisons gained after its profit surpassed expectations. The FTSE 100 index rose 0.1%, boosted by heavyweight miners after U.S. President Donald Trump agreed to delay increasing tariffs on $250 billion worth of Chinese imports.

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