Morrison sells off string of supermarkets
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SHOPPERS across Scotland are facing yet more change in the high street with a string of supermarket stores changing ownership for the second time in seven months.
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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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Supermarket Morrisons says first half profits almost doubled, despite tough market conditions.
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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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Supermarket group Morrisons announces a fall in half-year profits, dragged down by losses across its recently acquired Safeway stores.
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InterContinental Hotels Group passed another milestone in its wide-ranging asset disposal programme yesterday when it sold 13 of its North American properties for $425m (Â£220m).
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Four Safeway stores in Tayside and Fife are to be re-branded to operate under the banner of Somerfield as part of a Â£260 million sale deal announced today, writes Ian Findlay, industrial reporter.
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Royal Ahold NV, the food retailer that owns the US Giant chain, agreed to sell its Spanish business to Permira funds for 685 million euros ($851 million).
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The area's mix of retail tenants is changing from mom-and-pop shops to a blend of well-known chains.
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A collection of work by artist L S Lowry, valued at half a million pounds, is to go on sale in Birmingham.
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Somerfield raised Â£51m through a shares placing yesterday to help finance the purchase of 114 stores from its rival supermarket group, William Morrison.
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Retail entrepreneur Tom Hunter and Icelandic retail group Baugur sell their 21% stake in UK department store group House of Fraser.
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Supermarkets could face multi-million pound fines.
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Business & money: Supermarket chain trumps rivals with 9% sales jump, and new ad campaign helps lift profits
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National Grid Transco agreed one of the largest cash deals in recent corporate history yesterday with the sale of four of its eight gas distribution networks for Â£5.
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By The Bellingham Herald, Wash.  Mar. 6--A major Bellingham shopping center was recently sold by one limited liability firm to another.
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Retailer's stock sinks after investors agree to sell their shares at a lower-than-expected price.