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.
Procter & Gamble has announced its long-term plan of establishing itself as a leading sustainable business through focusing on recyclable materials and renewable energy. The company's strategy underlines the pressure on consumer packaged goods players, as consumer buy-in to the concepts of ethicality and sustainability continues to gain momentum.
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