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Type Product title / description Pub Price
CommentWire
CommentWire

Wolseley: building a strong competitor

The GBP71.9 million acquisition will be Wolseley's 33rd deal this financial year and it aims to create 400 tool-hire locations over the next five years. The deal puts Wolseley-Brandon's business on a par with Hewden, the third-largest tool-hire business in the UK and is likely to put pressure on market leader Speedy.

Published By Datamonitor
29 Mar 2006
Expert View
Expert View

Wolseley hit hard by building industry downturn

Third quarter results from Wolseley, the world's largest supplier of plumbing and heating products, has revealed continued weak trading, with pre-tax profits for the nine months to April 30 down 30% year-on-year. Wolseley's dependence on the highly cyclical building sector means that there is little that it can do to boost sales growth, while its huge debts make cost cutting the top priority.

Published By Datamonitor
23 May 2008
CommentWire
CommentWire

WM Morrison: time to shop around

WM Morrison's takeover of the Safeway chain in 2004 has proved more problematic than initially expected, raising concerns over the group's ability to integrate such a large acquisition. Finance director Martin Ackroyd is the victim of a boardroom shakeup that should see the supermarket group's management thrust into line with accepted corporate governance standards.

Published By Datamonitor
24 Mar 2005
CommentWire
CommentWire

Wm Morrison: starting 2007 in a strong position

Like-for-like sales growth of 6.3% (excluding fuel) for the six week period over Christmas and New Year represents a continuation of the strong performance that Morrison achieved in the first half of 2006. With a new chief executive in charge, 2007 marks the start of a new era.

Published By Datamonitor
10 Jan 2007
CommentWire
CommentWire

Wm Morrison: recovery on track

Morrison has released an impressive set of results for its first half of the year, demonstrating steady progress with its optimization plan. With the integration of the Safeway estate complete, investors will be pleased to see the retailer post profits of GBP134.2 million - against the losses of GBP82.1 million reported last year.

Published By Datamonitor
21 Sep 2006
CommentWire
CommentWire

Wm Morrison: premium lines key to momentum

Shares in Wm Morrison rose 6.9% yesterday to finish the day at 210.5p. It was the best day Morrison's has enjoyed on the FTSE 100 for sixteen months, and came on the back of better then expected Christmas sales. However while management may feel vindicated for putting the company back on track, Morrison's will still need to work hard to maintain the momentum.

Published By Datamonitor
23 Feb 2006
CommentWire
CommentWire

WM Morrison: good times coming to an end?

When WM Morrison [MRW.L] acquired Safeway last year, it must have hoped that the deal would kick-start further expansion of its market share. Despite somewhat disappointing festive sales figures, Morrison has nevertheless worked hard on its product range and its current slump may only be temporary. The end of 2005 may be a better time to assess the retailer's prospects.

Published By Datamonitor
12 Jan 2005
CommentWire
CommentWire

Wm Morrison: first loss may not be the last

Wm Morrison has announced its first ever full-year loss, a pre-tax figure of GBP313 million, following the troubled integration of the Safeway group. Although the newly converted Safeway stores are now delivering solid sales, growth could slow to that of the core Morrison stores where like-for-like sales rose by just 0.3% over the year.

Published By Datamonitor
24 Mar 2006
Expert View
Expert View

WM Morrison: continues to outperform

The UK's fourth largest grocer has continued to outperform the wider grocery market, with its focus on the quality and freshness of its core offer and its strong value positioning helping it to increase its customer base, especially among value-conscious affluent consumers. Morrison's strong and increasingly relevant proposition also mean it is ideally poised to make further market share gains.

Published By Datamonitor
10 Sep 2009
CommentWire
CommentWire

WM Morrison: completing Safeway merger

More than a year after Morrisons [MRW.L] announced its intention to merge with the Safeway chain, the retailer has finally completed the process. This is only the latest development in the ongoing rationalization of the food and drinks market.

Published By Datamonitor
12 Mar 2004

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