Morrisons increasing Safeway conversion rate
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Morrisons is accelerating the conversion programme of the Safeway stores acquired earlier this year as the Â£3bn takeover continues to cause the company short-term pain.
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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.
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The online retailer continues to accelerate its growth levels.
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CKE Restaurants reports increasing operating margins.
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Dairy Milk-maker Cadbury Schweppes says it plans to increase prices to offset rising raw material costs.
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NEW YORK -- The nation's factories, plants, and utilities expanded faster in June, suggesting hardy consumer spending is boosting confidence among manufacturers even as prices for raw materials rise.
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William Morrison, the fourth largest grocery chain, said it had agreed to sell 114 stores to rival Somerfield for 260 million pounds.
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Magazine publishers are finding the checkout counter more appealing.
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Media & professional: Â· Report shows corporation surpassed savings targets  Â· Group income goes up 5% on top of licence fee rise
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Bank of America has things figured out ( "Seeking profit, bank puts ATM fee at $3," Sept. 14). What nobody has mentioned is that increasing their noncustomer ATM fee to $3 won't just increase their revenues, it's also going to cut into the bottom line of the smaller, local banks that reimburse their customers when they use other banks' ATMs. ...
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Wm Morrison has sold 114 small stores acquired with the Â£3 billion takeover of Safeway, signalling its distaste of the convenience market being pursued by rival supermarket giants.
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Safeway posted a 77 percent rise in quarterly profit, helped by a tax benefit in the latest quarter.
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Restaurateur's shares shoot up on news of increased profitability.
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MORRISONS is to hand over 114 of its smaller Safeway stores to rival Somerfield as part of a Â£260m deal. Morrisons said the sale would let it concentrate on the larger Safeway stores that it acquired and
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The retailer shows its turnaround may be working.
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As supermarkets clear pumps of contaminated petrol, an industry group says prices could rise by   2p a litre.
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Latest figures from Principality Building Society show that net savings have increased by almost 50% since the base rate rise in August.