|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||11.07 - 11.23|
|52 Week Range||10.65 - 17.43|
|Beta (3Y Monthly)||0.76|
|PE Ratio (TTM)||16.62|
|Forward Dividend & Yield||1.11 (9.93%)|
|1y Target Est||14.92|
Could Wm Morrison Supermarkets PLC (LON:MRW) be an attractive dividend share to own for the long haul? Investors are...
The bosses of vegan-friendly firm The Meatless Farm have called for the traditional meat aisle in supermarkets to be replaced by the “protein aisle.”
(Bloomberg) -- Ocado Group Plc shares surged after the U.K. online grocer reassured investors that its strategy is on track despite a fire that leveled one of its warehouses earlier this year.The company maintained its full-year sales guidance even as it estimates the blaze in February will cut earnings by 15 million pounds ($18.8 million). The shares gained as much as 7.7% in London, the most in more than four months.Though the incident at the automated facility in Andover, England, trimmed retail sales in the first half, the company still expects full-year growth of as much as 15%. Ocado has removed some decorative parts from robots after saying an electrical fault that ignited a plastic lid on one of the machines caused the fire.“We’ve taken some steps to dramatically reduce the effects of it happening again,” Chief Executive Officer Tim Steiner said by phone.The company said it made further progress in its shift from e-commerce sales to becoming more of a software and robotics platform. Revenue from grocery partners that have licensed its technology rose by more than one-third from a year earlier. Ocado has struck technology deals with the likes of Kroger Co. in the U.S., and Steiner said the company is eyeing additional agreements in other countries.‘Encouraging Execution’“Qualitative updates are encouraging,” Numis analysts wrote in a note, pointing to “encouraging execution on current solutions deals.”Ocado formed a joint venture with Marks & Spencer Group Plc in February to operate food deliveries in the U.K. and recently invested in non-grocery ventures including automated meal preparation and vertical farming.Another U.K. partner, Wm Morrison Supermarkets Plc, agreed to free some of its warehouse capacity to help Ocado after the Andover fire. This will slow revenue growth in its solutions business, given the loss of fees and higher fixed costs, Ocado said. Morrison also loosened its pact with the online grocer in May to strengthen its partnership with rival Amazon.com Inc.To contact the reporter on this story: Ellen Milligan in London at firstname.lastname@example.orgTo contact the editors responsible for this story: Eric Pfanner at email@example.com, Thomas MulierFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Every investor in Wm Morrison Supermarkets PLC (LON:MRW) should be aware of the most powerful shareholder groups...
(Bloomberg) -- Tesco Plc has turned to an Israeli startup for help as it looks to become the next major food retailer to remove cashiers from some of its stores.The U.K.’s largest grocery chain is working with Trigo Vision Ltd., which has developed a system of cameras and software that allows retailers to automatically charge customers, according to three people familiar with the matter.Tesco and other grocers are racing Amazon.com Inc., which could open as many as 3,000 checkout-free Amazon Go stores in the U.S. and is expanding its partnership with the U.K.’s Wm Morrison Supermarkets Plc. Scrapping cashiers could also help Tesco slim down its workforce over time and improve profit margins as it battles German discount chains Aldi and Lidl.At a capital markets day earlier this month, Tesco said it’s looking at a range of new technologies, also including robot delivery vehicles. Checkout-free stores are “one thing we’re testing, but it’s not something we’re ready to roll out yet,” a spokeswoman said, declining to comment on any business partners for the technology.Trigo, which has raised $7 million from Vertex Ventures and Hetz Ventures, has also partnered with Israel’s largest supermarket chain, Shufersal Ltd. The companies are working on the pilot branch in Tel Aviv, with the goal of rolling out the product in about a year.Other startups, including Portugal’s Sensei, are competing with Trigo to provide grocers with checkout-free technology. Tesco has previously trialed an app that allowed customers to scan and pay for groceries using their smartphone. The Scan Pay Go app was limited to staff at Tesco’s headquarters last year.To contact the reporter on this story: Yaacov Benmeleh in Tel Aviv at firstname.lastname@example.orgTo contact the editors responsible for this story: Eric Pfanner at email@example.com, Giles TurnerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Wm Morrison Supermarkets plc and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
The following are the top stories on the business pages of British newspapers. Boris Johnson, the front-runner in the race to succeed British Prime Minister Theresa May, is under intense pressure to debate with his rivals for the Tory leadership on television after all the other candidates agreed to take part. Andrea Leadsom, who was defeated in the first round of a leadership contest, is considering throwing her support behind interior minister Sajid Javid as the horsetrading to win the votes that went to the defeated candidates begins.
(Bloomberg Opinion) -- The changing nature of food retailing was laid bare on Thursday with lower-than-expected U.K. sales growth at Tesco Plc and Amazon.com Inc. expanding its partnership with the smaller British chain Wm Morrison Supermarkets Plc.Amazon’s agreement with Morrisons, while still fairly small right now, shows the ambitions of the online giant toward the U.K., already one of the world’s most competitive retail sectors. That will strike fear into the hearts of supermarket behemoths such as Tesco, Britain’s grocery leader. Tesco has been trying to bolster its defenses, and a slowdown in growth in the three months to May 25 shouldn’t be too surprising. All retailers face extremely difficult comparisons with the same period last year, when Britain was basking in sunny weather and enjoying a royal wedding. The company’s CEO, Dave Lewis, remains on course to hit his target for an operating margin of 3.5% to 4% by February next year.Still, the first-quarter slowdown doesn’t exactly inspire confidence about what happens once that margin target is reached. The company updates the City next week on how it can find ways to bolster sales and profit. It’s staying tight-lipped for now, but making more of its use of customer data — including through its Clubcard loyalty scheme — might be on the agenda. Lewis has talked before about developing the property around its stores. That could become a bigger part of cash flow, too.Tesco could also work more closely with Booker Group Ltd., a recently acquired food wholesaler. It’s experimenting already with putting cash-and-carry outlets in Tesco stores and introducing dedicated bulk-buy areas, with one eye on becoming Britain’s answer to America’s Costco Wholesale Corp. Wisely, it has also set up a purchasing alliance with Carrefour SA, the French supermarket chain.But as the quarter showed, life isn’t getting any easier for Tesco. Aldi and Lidl, the cutthroat German discount grocers, are still powering ahead in Britain, putting enormous pressure on the traditional giants.That makes Amazon’s advances all the more fraught. Morrisons, the U.K.’s fourth-biggest supermarket group, said on Thursday that it was expanding its super-fast grocery delivery service for Amazon customers. Nine regions in England and Scotland will now offer this, up from four. The aim is for nationwide coverage.The rapid roll-out of the Amazon partnership has been facilitated by another smart move by Morrisons chief executive David Potts, who started his supermarket career on the shop floor. He has negotiated an end to his company’s exclusive relationship with Ocado Group Plc, the specialist online grocer. That has opened the door to closer ties with Amazon.Beset by price-slashing German rivals on one side and savvy online operators on the other, Tesco and its ilk are going to have to work hard to keep food in their investors’ mouths.To contact the author of this story: Andrea Felsted at firstname.lastname@example.orgTo contact the editor responsible for this story: James Boxell at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
(Bloomberg) -- Amazon.com Inc. is expanding its alliance with U.K. retailer Wm Morrison Supermarkets Plc to offer groceries in more cities across the country, putting more pressure on supermarkets to expand online.The companies plan to introduce Prime Now same-day delivery service to cities including Glasgow, Scotland, and Liverpool, England, this year, Morrison said Thursday. Morrison shares rose as much as 2.9% in London, the most since January.Grocers have been competing for an edge in the U.K. e-commerce market since Amazon first formed its alliance with Morrison, the smallest of the U.K.’s main grocery chains, three years ago. In February, Marks & Spencer Group Plc agreed to buy half of online grocer Ocado Group Plc’s U.K. business for 750 million pounds ($951 million). Amazon also led a $575 million funding round at London-based food delivery service Deliveroo, which is preparing to spread across the U.K.“Morrisons at Amazon” is currently available in four cities, where many customers can receive groceries within one hour of ordering. The service will also enter the English cities of Newcastle, Sheffield and Portsmouth this year, and further locations in coming years.Morrison loosened a six-year-old pact with Ocado last month so that it could expand more with other partners.(Updates with shares in second paragraph.)To contact the reporter on this story: Thomas Mulier in Geneva at firstname.lastname@example.orgTo contact the editors responsible for this story: Eric Pfanner at email@example.com, John J. Edwards III, Marthe FourcadeFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
British supermarket Morrisons and Amazon said on Thursday they will extend their "Morrisons at Amazon" same-day online grocery delivery service to more cities across Britain. The service, currently available to Amazon's Prime Now customers in Leeds, Manchester, Birmingham and parts of London, will be rolled out to Glasgow, Newcastle, Liverpool, Sheffield and Portsmouth this year, the companies said. In future years, Morrisons at Amazon will be expanded to more British cities, they said.
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In 2015 David Potts was appointed CEO of Wm Morrison Supermarkets PLC (LON:MRW). This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. After that, we will con...
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work thro...
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.