Jim Armitage: Oh dear, the Morrisons have got trouble in store...
Jim Armitage is the City editor of The Independent and London Evening Standard group of newspapers. He has been a reporter and editor for more than 20 years and was recently shortlisted for the Press Gazette financial journalist of the year and The Society of Editors financial journalist of the year awards. He contributes news, investigative reports and comment to the Independent titles plus a daily column in the Evening Standard.
Thursday 13 February 2014
Outlook Good thinking by the junior Morrisons family members. What this supermarket really needs is a rapacious financial engineering giant to march in, load it up with billions of pounds of debt, flog off all its properties and move its tax domicile to the Cayman Islands.
Oh yes, and then flip it again in five years' time. Nothing can possibly go wrong.
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