Hints and tips:
...David Potts, chief executive of Morrisons, said: “I think there is a bit more profit on fuel.” Supermarkets have been accused by some MPs and trade unions of failing to rein in soaring food prices....
...Tesco, J Sainsbury, Asda, Co-op, Waitrose, Marks and Spencer, Lidl, Aldi and Ocado did not immediately respond to a request for comment....
...Timothy Potts, director of the Getty, said the painting was “both an icon of British portraiture and a uniquely noble representation of a person of colour from the Pacific islands — a region that was in...
...Potts said he would look to build “on the proven strength of the Morrisons Daily format”....
...Sir Dave Lewis and his successor at Tesco, Ken Murphy, earned a combined £2.62m over the equivalent period, while Mike Coupe and his replacement at J Sainsbury, Simon Roberts, pulled in £2.76m between them...
...cost of maintaining store estates to serve fewer customers will drag on supermarket profit margins in the coming years, Morrisons’ growing overall market share means it should suffer less than Tesco and J...
...Analysts at Barclays said Morrisons’ long-term incentive plan appeared generous relative to those of listed rivals such as J Sainsbury and Tesco....
...J Sainsbury joined its two rivals in temporarily closing labour-intensive but non-essential parts of its large stores, such as cafés, pizza counters, fishmongers and butchers, to put more staff on the shop...
...Chief executive David Potts correctly highlights problems competition rules could create as the epidemic intensifies. But he must guard against committed thinking too....
...It is also below that of current peers; Tesco chief executive Dave Lewis and Morrisons boss David Potts were both paid about £4.6m in the most recent financial year....
...Investors had expected that Morrisons, whose store estate is still biased to the north of England and Scotland, would look to acquire any stores that Asda and J Sainsbury were required to divest as a condition...
...J Sainsbury is due to update on Christmas trading on Wednesday, with Tesco reporting on Thursday....
...However, chief executive David Potts still looks in good shape — and may soon have something that the Aldi model lacks: room to expand....
...The shares are up by a fifth over the past year, better than Tesco but behind J Sainsbury, which reports half-year results on Thursday....
...J Sainsbury bought Argos and is acquiring Asda in a two-part attempt at Bezos-proofing....
...But Argos, now owned by supermarket group J Sainsbury, said that the wider toy market fell by “double-digit percentages” in its third financial quarter, which includes the peak Christmas period....
...Mr Coupe was paid a total of £2.35m for the year to March 2017, compared with £4.15m for Dave Lewis, his counterpart at Tesco and £2.79m for David Potts, the chief executive of Morrison....
...Morrison sold its own convenience chain in 2015, but chief executive Dave Potts said he would “remain open” to other opportunities in the sector....
...“Our plans to become a broader and stronger business are progressing well,” said chief executive David Potts....
...Chief executive David Potts is having a harder time clawing back customers....
...However, J Sainsbury on Wednesday reported that like-for-like sales declined 0.6 per cent in the year to March 11....
...Tesco was followed by J Sainsbury at 16.3 per cent, Asda at 15.5 per cent and Morrisons at 10.5 per cent. “[Morrisons is] doing the right things....
...Tesco was the market leader with a share of 28.3 per cent, followed by J Sainsbury at 16.5 per cent and Asda at 15.3 per cent....
...Morrisons, along with the other so-called “big four” UK supermarkets — Tesco, J Sainsbury and Asda — has come under pressure to bring down prices amid increased competition from German discounters Aldi and...
International Edition