On the money: Morrisons ready for growth, coy on Iceland
By: Sam Webb | 10 November 2011
Morrisons chief executive Dalton Philips said its offering to cash-strapped consumers and the "professional shopper" is behind the supermarket chain's third-quarter growth.
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Morrisons chief executive Dalton Philips said its offering to cash-strapped consumers and the "professional shopper" is behind the supermarket chain's third-quarter growth.
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Bright Food, the Chinese food group, was full of confidence this week about the prospects for UK cereal firm Weetabix, its first investment in Europe after missing out on companies including United Biscuits and Yoplait. Elsewhere, Orkla explained why its CEO had resigned from the Norwegian consumer goods group, German retailer Metro Group insisted its sales were improving after it reported a quarterly loss and UK peer Morrisons said it would not chase unprofitable volumes despite a fall in like-for-like sales.
On the money: Morrisons keeps close eye on discounters
Morrisons CEO Dalton Philips has insisted the UK retailer will not chase unprofitable volume in a highly promotional market.
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