Safeway takeover

Safeway takeover

Job-axe store staff seek £10m

HUNDREDS of workers who lost their jobs when supermarket giant Morrisons took over Safeway have launched employment tribunal claims for £10 million in backpay.

Safeway deal leaves supermarket in the red for first time ever

MORRISONS, Britain's fourth-biggest supermarket chain, today posted its first ever annual loss.

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Sales at converted Safeway stores jump 9% but others suffer slump

MORRISONS, Britain's fourth-biggest supermarket chain, today revealed figures that showed its £3 billion acquisition of Safeway was finally paying off.

Say farewell to Safeway

THE Safeway supermarket brand will be gone from the UK by the end of this week, when Morrisons completes its 20-month conversion scheme.

Morrison facing strike over job cuts

A ROW flared yesterday between embattled supermarket giant William Morrison and its unions about distribution-centre cuts and looming strike action - while speculation hardened that B&Q is to lay off hundreds of staff this week.

Supermarket chiefs blasted for shutdown

SUPERMARKET chiefs have been criticised for closing down a local store without any consultation with the surrounding community.

Waitrose shops at Morrisons

SUPERMARKET group Waitrose has moved further north from its southern England heartland with a deal to buy five stores from Morrisons.

Trouble in store if Ken can't make up with City

SIR Ken Morrison stepped off the podium at his annual general meeting in Bradford two weeks ago, having caved in to pressure from shareholders to loosen his grip on the struggling supermarket group.

New warning from Morrison

EMBATTLED supermarket group Wm Morrison was in the wars again yesterday as it put out a "clarification" statement of City profit expectations that was widely taken as yet another profits warning from the company.

Morrisons eyes Lloyds chief

EMBATTLED supermarket chain Morrisons wants to hire Lloyds TSB's financial director as one of its four non-executive directors.

Sir Ken to face shareholder anger as Morrisons struggles

SIR KEN Morrison was preparing for one of the toughest fortnights of his career last night, as two high-profile shareholder bodies called for investors to shout down the 74-year-old at the company’s annual general meeting.

Sir Ken has a canny liking for all things Scottish

SIR Ken Morrison, the 74-year-old chairman of Wm Morrison, the Yorkshire-based supermarket group, is a self-confessed Scotland fan. He sponsors the national football team and every year he spends a week in the country on holiday - he’s just back from a short break recharging his batteries in Gleneagles. He has Scottish blood from his grandfather, too, but Morrison genuinely feels that he knows what the canny Scots shopper wants and says he can provide it.

Morrison's make changes after profit warnings

SIR Ken Morrison yesterday caved in to City pressure following two recent profit warnings from the William Morrison supermarket group by announcing a boardroom shake-up that includes the departure of the finance director.

'Disappointing' Morrison sees Christmas sales growth slow to a crawl

THE previously strongly-growing William Morrison supermarket chain could only deliver flat same-floorspace sales over the Christmas period, as it said store openings by rival chains had eaten into core sales.

Somerfield snaps up small Safeway stores

SOMERFIELD, the UK’s fifth-biggest grocer, is set to boost its presence on the high street after snapping up 114 Safeway Compact stores from recently enlarged rival Morrisons.

Why aren't Scots shopping at Morrisons?

TROUBLE IS brewing in the aisles of Scotland’s supermarkets. Products and produce once easy to hand are either on distant shelves or have simply disappeared altogether. Safeway, the supermarket located in almost every leafy suburb, is growing into a monster called Morrisons at a national rate of three stores per week, and shoppers are less than pleased.

Morrison to quicken Safeway rebranding as losses hit £39m

THE struggling Safeway chain amassed losses of £39 million for new owner William Morrison over the first half of its trading year, with sales at the unconverted Safeway stores slowing alarmingly.

Morrison woe

MORRISON Supermarkets, the chain that bought Safeway, may be forced to issue a second profits warning, say analysts at Seymour Pierce.

Shoppers get 'brand' new store

SUPERMARKET group Morrisons is set to open the first converted Edinburgh store since its £3 billion takeover of Safeway.

Safeway continues to lose share

SALES at Safeway have continued to fall, pulling down the group’s performance and contrasting with rising market share for sector giant Tesco, the latest industry data shows.

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