William Morrison is moving out of its northern heartland with a handful of supermarket openings in the south.
Britain’s sixth-largest supermarket group currently has 65 outlets. It intends to open in Sheffield, Banbury and Retford this year and plans five more over the next two years. The company suspended expansion two years ago in the aftermath of tighter planning restrictions.
Morrison reported a 11.5% increase in pre-tax profits to £151m in the year to February. Underlying sales growth was 2.6% over the year.
- The Times 20/03/98 page 29, page 32 (Tempus)
- The Independent 20/03/98 page 24, page 26 (The Investment Column)
- Financial Times 20/03/98 page 26
- The Guardian 20/03/98 page 25 (News in Brief)
- The Daily Telegraph 20/03/98 page 32, page 32 (The Market)
