Shares of Morrison Supermarkets climb 6% on strong earnings
Article Abstract:
William Morrison Supermarkets PLC posted a 15% rise in its pretax profits for the year ending on January 31, 1999. The company's profits were higher-than-expected. Morrison's share value increased 6% following the announcement of the results. The group also said that it was planning to open 10 new stores and create up to 3,500 jobs by end of the 2000 year. Morrison posted 174.9 million pound sterling ($285.1 million) in pretax profits.
Comment:
Posts 15% rise in pretax profits for the year ending on January 31, 1999
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Sales weakness at Kwik-Save hits Somerfield
Article Abstract:
Somerfield PLC saw its share value drop by 12% following its prediction of poor sales at its Kwik-Save grocery chain. The company posted a 20 million pound sterling (31.2 million euros) decline in trading profits for the 16-week period ending on August 14, 1999. Somerfield posted a 5.9% drop in sales to 1.75 billion pound sterling in the period.
Comment:
Share value drops 12% following prediction of poor sales at Kwik-Save grocery chain
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Supermaket's quarterly sales called 'resilient' amid bids
Article Abstract:
Safeway PLC posted a rise of 1.1% in sales for the 2003 fiscal first quarter. The company posted the "resilient" sales despite receiving several acquisition offers.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2003
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