Morrison stops the rot in converted Safeway stores
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WM Morrison shares shot up 15 per cent yesterday in spite of a deteriorating performance in the group&#39;s core business and continued poor trading in the shops that came with this year&#39;s Safeway acquisition.
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Safeway Inc. said third quarter net income fell to 35 cents a share from 45 cents a year ago due to the continued impact of the Southern California strike that was settled in the first quarter of this year.
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The retailer hits its stride after shedding Eckerd Drugstores.
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Cutting unpopular lines boosts the retailer's sales and profits.
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Bank's safe-deposit box contents turn up in the scrapyard.
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- Safeway Inc. , the No. 3 U.S. grocer, posted a higher quarterly profit on Thursday, as remodeled stores, fresh produce and prepared meals helped it to lure shoppers.
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THE near-15-per-cent jump in William Morrisonâs shares yesterday shows the City is looking well beyond the short-term pain of the first fall in profits at the group in its 37-year history.
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Safeway Inc. , the  third-largest U.S. grocery chain, posted a jump in  second-quarter profit on Thursday, aided by strong sales of  gasoline and a benefit related to a tax refund.
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Safeway Inc. SWY.N, the  third-largest U.S. grocer, on Tuesday reported a lower  quarterly profit as it grappled with lingering costs from a  labor strike in California earlier this year.
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Morrisons today revealed a 7.6% fall in interim pre-tax profits, as the supermarket group suffered another hit from the Safeway chain it took over in March.
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Pump prices are to fall by as much as 3.5p a litre as several major retailers follow Morrisons and cut prices.
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By Molly Parker, Journal Star, Peoria, Ill.  Feb. 24--PEORIA -- The hazardous waste landfill in Pottstown moved one  step closer to expansion Friday with a move that could also put an end to  costly and time-consuming litigation.
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William Morrison Supermarkets says sales have continued to decline at its newly-acquired Safeway stores which have not yet been converted to the Morrisons brand, but sales at converted stores are up.
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Grocery chain operator Safeway Inc.  SWY.N on Wednesday set a 2005 earnings per share goal that  was below analysts' expectations, with added marketing expenses  and lingering impact from a strike at its Vons stores weighing  on profits.
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Grocery chain operator Safeway Inc.  SWY.N on Wednesday set a 2005 earnings goal that was below  analysts' expectations, citing added marketing expenses and the  lingering impact from a strike at its Vons stores.
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Safeway Inc. , the No. 3 U.S. grocer, posted a higher quarterly profit on Thursday, as remodeled stores, fresh produce and prepared meals helped it to lure shoppers.
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Viewpoint: The chairman complains that the chain's atmosphere has changed. Actually, it's worse than that: its stores are now an overdesigned, overcrowded mess