Morrison (Wm) Supermarkets Shares News & Articles

Market report: Brexit, Bonmarche, Wizz Air in focus as Asda over takes Sainsbury in supermarket sales battle

Brexit headlines dominate the news agenda in an otherwise very quiet day for company news on the stock market on Tuesday. This follows politician’s failure again last night to come to any sort of consensus over the best way forward for the UK. That puts the pound under more pressure early on Tuesday with Sterling losing ground against both the euro and dollar. But UK stock markets remain ...

Market Report: Standard Life Aberdeen and Burford Capital lead gainers ahead of key vote

Stocks get off to a better start on Wednesday on hopes that MPs will vote against a ‘no-deal Brexit’ in the House of Commons later today. The FTSE 100 index of leading stocks adds 0.3% to 7,151 points led by BP (BP.), Reckitt Benckiser (RB.) and Rentokil (RTO). Top gainer on the FTSE is Standard Life Aberdeen (SLA) which rises 3% to 253p on news that Keith Skeoch has been appointed as ...

This is why Morrisons’ shares are falling despite fourth Christmas sales boost in a row

Shares in Bradford-based grocer Morrisons (MRW) have fallen 2.5% to 214.1p on the news weak consumer demand impacted retail sales over Christmas. Britain’s fourth biggest grocer by market share blames ‘a change in consumer behaviour’ for slower retail sales growth over the festive period, although the wholesale business performed strongly and Morrisons’ 2018/2019 year-end expectations ...

Market report: Ashtead advances on earnings beat, WPP up on new growth plan

UK markets are starting to bounce back after yesterday’s Brexit calamity. The FTSE 250, which is considered the benchmark index for UK-focused companies, nudges up 0.2 points to 17,493, although that still leaves it trading well below the 21,324 year-to-date high. The FTSE 100 achieves a stronger lift, advancing 24 points to 6,746 off the back of gains in the mining and oil sectors, plus support ...

Market report: Slow progress at Sainsbury, Burberry and Astra up, but warning hits recycler Renewi

Supermarket chain Sainsbury (SBRY) reported a hefty slump in half year profits as it continues to grapple with stiff competitive pressures. Pre-tax profits fell from £220m a year ago to £132m in the six months to 22 September with like-for-like sales barely making any progress, up just 0.6%. The supermarket group blamed the drop in profits on a number of charges, including the integration of ...

Bakk-it or Bakk-off? Should you invest in hummus and pizza seller Bakkavor?

Having joined the stock market at 180p in November 2017, shares in food group Bakkavor (BAKK) have since drifted down to 164p. One possible explanation is a negative read-across from quoted peer Greencore (GNC) which has had mixed fortunes with its UK and US expansion. Also weighing on the share price are tough market conditions, concerns about input cost volatility and the supply chain post ...
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