Morrison (wm) Supermarkets Share Discussion Threads

[muffinhead] 02/11/2020 23:04

Agree scotches.....

Howdens ready to hand back millions in pandemic support


When you make outsized profits and management can't find enough "Covid ready" ideas......

read the comments section!

[muffinhead] 02/11/2020 23:01

On the Morrisons’ website... ‘The discount is a thank you to staff working through challenging Covid-19 times, with primary, secondary, private and special educational school teachers all included. ‘All teaching assistants, catering staff, dinner ladies, caretakers, cleaners and school office staff can also claim the discount.’

Having public sector workers, health and education, on FULL wages is the perfect customer in these times.

1.7 million NHS employees 2015.... the 5th largest employer in the world

[scotches] 02/11/2020 16:37

Was the last results statement really that gloomy? David Potts even suggested the pandemic had led to “the renaissance of British supermarkets”. MRW had just released its best sales figures in 16 years.

There was the headline profits fall due to covid related costs but how much of that was taking every cost into account in an attempt to offset criticism of the "unfair" rates relief given to a business which never suffered closures. Not all of these costs will recur. The self-inflicted profit hits via discounts to key workers (why not police and firemen, or is that still to come like a do-the-right-thing advent calendar) are obvious examples on this point.

Based on that September result statement Shore Capital, house broker to Morrisons, maintained its pre-tax profit forecast of £445 million for the full year.

Can't argue with the weak share price which presumably is forecasting beyond this year, brexit related food issues, rates relief boost is removed, financially hit consumers trade down to the discounters, possible all out price-war. The SBRY results in next few days might provide some additional guidance on prospects.

[philanderer] 02/11/2020 13:39

Morrisons announces 10% discount scheme for teachers

[essentialinvestor] 31/10/2020 15:23

Really? - have you looked at the share price or the last results statement?

[oakville] 31/10/2020 14:34

Supermarkets get out of jail free card.

[johnwise] 31/10/2020 07:27

Only Rich Toffs Want Lockdown Right? £16M Piers Nothing To Lose 🤮

VIDEO

[johnwise] 31/10/2020 07:26

VIDEO

Full 🇬🇧 Lockdown From Next Week 🤦‍♂;️ ENTIRE Month Of November 🤷‍♂;️ Boris To Announce

[albert3591] 30/10/2020 19:14

It has to be asked why is this share price dropping so much.

[scotches] 30/10/2020 14:52

Teachers now - another reward for key workers or just annoying for the regulars still paying full price.

[albert3591] 29/10/2020 16:41

I would like to see start up costs for their home delivery as well.

[albert3591] 29/10/2020 15:38

Spoke to Morrison’s manager yesterday,he said he doesn’t know how they will cope over Christmas period,just no room for anything.Plus home delivery taking up to much space,i am looking for an entry share price of 138p,I do hope I am wrong though.

[buywell3] 29/10/2020 14:41

Double bottom chart event imminent

buywell 140p support noted

[philanderer] 29/10/2020 10:44

BARCLAYS RAISES WM MORRISON SUPERMARKETS TO 'EQUAL WEIGHT' ('UNDERWEIGHT') - TARGET 180 PENCE

[scotches] 27/10/2020 14:53

A takeover bid by Barnardos is now looking more likely than by Amazon. The Birthday honours list has passed but still the company is doing it's bit.




One wonders if consumers really care*. During the horse scandal only Morrisons and Sainsbury could offer a clean bill of health with zero contaminated products. However the consumer memory faded quickly and the Germans who had been selling some 100% horse products soon resumed their market share advance.

The rates relief means this year's largesse comes at no net cost. London Councils are calling for an extension to the current business rates holiday to 2021/22 but even if govt was so minded it would be unlikely the supermarkets would be permitted to benefit into a new rates year given the outcry this time.

*Edit:

[philanderer] 24/10/2020 00:13

Morrisons takes axe to property division

[johnwise] 23/10/2020 07:06

Wales...

VIDEO

Lockdown Ban “Non Essential Items” 🏴󠁧󠁢󠁷[7612;󠁳⏘31; Supermarkets 🤦‍♂;️ Why? What Next?

[philanderer] 22/10/2020 13:37

Well done :-)


'Morrisons extends NHS discount scheme as Covid-19 cases rise'

[cwa1] 19/10/2020 08:34

Morrisons winning customers from rival Asda since start of coronavirus pandemic as it holds on to a tenth of the market

[loganair] 15/10/2020 17:02

Just for info:

Following the tightening of coronavirus restrictions, Sainsbury’s has announced some major changes to its stores.

They involve changing who can shop in-stores at any given time.

Due to the rising number of coronavirus cases across the country, the supermarket chain is telling customers to shop “one adult at a time”.

Sainsbury’s has announced this change, hoping it will “keep people a safe distance apart”, and because it also “helps to reduce quests to get into stores”.

That means only people who are shopping alone will be let into the store.

Staff at Sainsbury’s stores will be asking groups with more than one adult to only choose one to send inside.

The other adults will be asked to wait outside the shop.

Those with children are welcome to bring them into store, providing they aren’t able to stay at home.

Sainsbury’s is also limiting the number of people in stores at any given time.

A statement from the supermarket chain adds: “We have also put queuing systems in place outside our stores and ask you to queue at a safe distance of two metres apart."

“We have placed clear markings on shop floors to help you know what a safe distance is.”

[scotches] 15/10/2020 10:09

Deloitte has resigned as auditor of EG Group (The forecourts firm owned by new owner of Asda) according to an FT report."Deloitte resigns as EG Group auditor over governance concerns"





"It’s not very often that you get to embarrass Her Majesty but the billionaire brothers behind a surprise takeover grab of Asda are doing a pretty good job of it."


Earlier this month the Issa brothers were made CBEs in the Queen’s Birthday Honours list for “services to business and charity”. Chancellor Rishi Sunak hailed their acquisition of Asda, tweeting that the supermarket chain was “returning to majority UK ownership for the first time in two decades”. ;

Was the chancellor aware the brothers are intending using Jersey as a tax haven

[cwa1] 15/10/2020 07:58

And here was me thinking it was a small positive step that they were taking to improve the environment and help wildlife, etc, by removing these single use, non recyclable, plastics. Hey ho, that must place me in the miserable, smug lefty camp :-)

[johnwise] 15/10/2020 02:04

Have a miserable Christmas with smug lefties- Morrisons and Waitrose ditch glitter for Christmas

[philanderer] 15/10/2020 00:23

Morrisons and Waitrose ditch glitter for Christmas