Somerfield starts Safeway conversions roll-out
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Somerfield is embarking on a rapid expansion by buying small Safeway stores that are no longer wanted by WM Morrison. Having fended off an unwanted takeover bid last year, Somerfield raised Â£51m through a
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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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By KIDSON, Sally; FAIRFAX  By Sally Kidson and NZPA   Dairy farmers in Tasman district have shown a "huge improvement'' in meeting their resource consent conditions.
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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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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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Wm Morrison chiefs have accelerated plans for replacing Safeway fascias after the chain, bought for Â£3 billion in March, slipped into the red and suffered a deepening sales decline.
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Yorkshire Water, part of the Kelda group, yesterday became the first company publicly to accept industry regulator Ofwat&#39;s price determination published last week.
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The grocer is the latest company to adopt shareholder-friendly majority voting.
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Tesco, the largest retailer in the UK, will carry on its global expansion with a wave of small US stores called Fresh and Easy.
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INVESTORS in Wm Morrison heaved a collective sigh of relief yesterday. There may be more hiccups along the way, went the consensus view, but the Â£3 billion Safeway acquisition was ultimately going to work.
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Key happenings this week in the retail and restaurant sectors.
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COLES Myer customers could soon be able to pick up a managed fund portfolio with their weekly shopping after chief executive John Fletcher flagged a move into financial planning.
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LONDON (CBS.MW) -- UK supermarkets group Wm. Morrison (UK:MRW) , FTSE-100 stock, said the operating profit for the half year to July 25, including the Safeway stores, was 170.
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From RUEHL to new retail, the clothing chain's on the move.
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William Morrison Supermarkets has agreed to sell 114 small Safeway stores and a distribution centre for 260.2 million pounds. Morrison bought these stores as part of its 3 billion pound
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One-stop shopping takes another step forward.
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The supermarket group Morrisons today revealed that Safeway&#39;s performance had continued to decline, with like-for-like sales 7.9 per cent lower in the first half.