Morrisons
chain of supermarkets in the United Kingdom
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business May 22, 2026, 10:25 AM
Morrisons faces closures as rising costs impact profitability - Morrisons announced plans to close 100 loss-making stores affected by recent economic challenges.
- The closures, resulting from increasing costs related to government policies, put jobs at risk.
- In response to these challenges, Morrisons aims for future growth through a franchise expansion strategy.
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business Feb 6, 2026, 12:16 PM
Morrisons explores £1bn property deal amid competition woes - Morrisons is working with CBRE to explore options for raising £1 billion from its freehold store portfolio.
- The supermarket chain aims to recover market share lost to competitors like Sainsbury's and Aldi.
- The proposed property deal reflects Morrisons' strategy to strengthen its financial position amid a competitive landscape.
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business Jan 26, 2026, 5:20 PM
Morrisons only offers national living wage to workers amidst pay disputes - The Union of Shop, Distributive and Allied Workers represents approximately 45,000 Morrisons employees amid wage negotiations.
- Morrisons has decided to pay only the national living wage due to significant cost increases and market competition.
- The union has expressed disappointment with Morrisons' lack of engagement in wage negotiations and plans to hold a member ballot.
100
business Jan 26, 2026, 2:40 PM
Morrisons launches 2,500 price cuts to compete with Aldi and Lidl - Morrisons suffers pre-tax losses of £381 million for the year to October 2025, improving from previous losses.
- The supermarket chain implements 2,500 price cuts in January to compete with Aldi and Lidl.
- These changes are part of a strategy to ensure Morrisons remains a viable player in the UK grocery market.
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business Jan 21, 2026, 4:25 PM
Morrisons faces major financial losses despite holiday sales growth - Morrisons reported a £381 million pre-tax loss for the fiscal year ending October 26, 2024, mainly due to high debt interest costs.
- The company achieved like-for-like sales growth of 3.4% during the holiday shopping period, bolstered by strong demand for its own-brand products.
- Despite revenue boosts during the festive season, Morrisons' market share declined, raising concerns about potential competition from discount rivals.
100
business Jan 21, 2026, 11:15 AM
Morrisons achieves significant sales growth despite market challenges - Morrisons achieved 3.4 percent like-for-like sales growth during the six weeks to January 4, 2026.
- The company reported significant demand for its premium products and a successful clothing segment over the Christmas period.
- Despite this growth, underlying earnings remained flat, and market share showed a slight decline.
100
business Jan 21, 2026, 11:04 AM
JD Wetherspoon faces profit decline due to rising costs - JD Wetherspoon reported a significant profit hit of £45 million due to rising costs in the first half of the financial year.
- Despite robust sales growth during the festive quarter, the company's profits are expected to be lower than the previous year.
- The situation reflects broader economic concerns, as various businesses call for government action to address rising operational costs.
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2026 All rights reserved
2026 All rights reserved