Blog: Morrisons rings up higher margins
Dean Best | 21 July 2009
The Morrisons juggernaut rumbles on.
And today (21 July), the UK retailer went some way to answering some long-held suspicions that, despite soaring sales, its focus on value could be hitting margins.
The UK's fourth-largest grocer today upped its margin forecast for the year, sending its shares skywards.
Morrisons buoyed investors with news that growing sales volumes and its series of intiatives to manage margins was improving profits.
The retailer has been out-performing some of its rivals as cash-strapped consumers flock to its stores but the market has questioned just what impact its push for value was having on margins.
Now, some of those concerns have been allayed. We would just like to know if and when Morrisons will finally go online.....
The BBC turned to just-food today for insight on the price dispute between Tesco and Unilever....
Just weeks after buying UK turkey processor Bernard Matthews from administration, food tycoon Ranjit Boparan has struck a similar deal....
Shares in Tyson Foods slumped on Friday, closing down almost 9% after an analyst claimed a lawsuit facing the company could hit the US meat titan....
- It won't just be Unilever to push for Brexit hikes
- Price an underlying tension across European FMCG
- Interview: UK trade body on Brexit's policy impact
- Danone's Q3 sales - what the analysts say
- Interview: UK trade body on the impact of Brexit
- Nestle lowers outlook on "softer environment"
- PepsiCo sets 2025 nutrition, sustainability goals
- China "transition" drags on Danone Q3
- UK announces "action plan" to drive food exports
- CP Foods invests in UK foodservice firm Foodfellas
- The Big 15: Strategies and Priorities of Top Packaged Food Players in Comparison
- Omega-3 in Food and Beverage:Time for a Reboot?
- Global Food Packaging: Innovating for Greater Convenience and Quality Image
- Packaged Food: Quarterly Statement Q3 2016
- Constellation Brands, Inc. (STZ) - Financial and Strategic SWOT Analysis Review