News

Flybe boss Jim French, credited with turning the regional carrier into a major player in the European aviation market, is stepping down as chairman after more than 20 years with the company.

Supermarket aims for a clean sweep

Just as one supermarket wine range goes into reverse, another shifts into overdrive.

Morrisons sells 10 Safeway stores to Tesco

WM Morrison yesterday sold 10 Safeway stores to its larger rival Tesco with a book value of £87.6m. That means the supermarket chain needs to shed 10 more outlets to satisfy the Office of Fair Trading, which ruled at the time of its Safeway acquisition that it must sell 52 Safeway stores that are too close to its own.

Market Report: Pleasant surprise in store at Morrison

Is Morrison's conversion of Safeway stores going rather well? Traders were intrigued yesterday by a note from analysts at JP Morgan who had investigated four newly converted Safeway stores for themselves.

A City memo to Morrisons: you're not a little firm up North now

The supermarket chain is buckling under the strain of converting 450 Safeway stores, but as Abigail Townsend and Tim Webb find, a profit warning is not its only problem. The Square Mile wants it to behave like a FTSE 100 firm and start communicating

Jeremy Warner's Outlook: Sir Ken pays heavy price for botched integration

All along, there's been a big question mark over whether Wm Morrison supermarkets would be up to the management challenge of integrating Safeway, and I regret to say that the sceptics have been proved substantially correct.

Morrison warns on profits as Safeway acquisition turns sour

WM Morrison's £3bn acquisition of Safeway in March has run into trouble, prompting a profits warning from the Yorkshire-based retailer with analysts wiping up to £200m off their full-year earnings forecasts.

Hope springs eternal on the high street

At this time of year, a wine writer's fancy turns to thoughts of ... spring-cleaning, actually.

Safeway prices drop 24 per cent after Morrisons takeover

WM Morrison piled the pressure on its underperforming rival J Sainsbury yesterday when it revealed it had slashed the cost of shopping at Safeway by 24 per cent since taking control of the supermarket chain last month.

Waitrose buys 19 Morrison stores

The department store group John Lewis yesterday announced a major expansion of its upscale supermarket chain Waitrose with the purchase of 19 stores from Wm Morrison.

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