Back
News

Safeway bid boosts Morrisons trading

Supermarkets chain Morrisons said yesterday that its bid for Safeway and the ensuing publicity was continuing to encourage customers to visit its stores.

The group, which was scheduled to release a trading update at its annual meeting next Thursday, chose to update the market on its performance before meeting the Competition Commission on Tuesday.

Morrisons said like-for-like sales, excluding petrol, during the 14 weeks to 11 May, had risen 6.9%, up on market expectations of 6%.

References: Financial Times Money & Business 17/05/03 page 2, Daily Telegraph 17/05/03page 31, The Times Business 17/05/03 page 54, The Independent 17/05/03 page21

Up next…