Morrison (wm) Supermarkets Share Discussion Threads

[livewireplus] 09/4/2021 07:12

I'm well past 'woke' age (ie. not in Generation X, Y or Z) but am more than happy to choose Morrison's as my preferred supermarket .... :-)Clean stores, fresh produce, friendly & helpful staff = more relaxed shopping.

[johnwise] 09/4/2021 04:54

When Morrisons want to change anything they always claim to have listened to customers. It is a load of twaddle.

I now avoid shopping at Woke Morrisons wherever possible..

Morrisons becomes first UK grocer to remove plastic bags from stores

[albert3591] 08/4/2021 14:20

There will be a lot of grouching over the paper bags.

[livewireplus] 08/4/2021 13:32

Morrisons has said it will remove all plastic carrier bags from its stores over the next year.hTTps://www.bbc.co.uk/news/business-56673900

[wiganer] 08/4/2021 08:56

185? still too cheap.

[livewireplus] 08/4/2021 03:52

Thanks for the snippets from the Daily Record - good to see Morrison's are being 'proactive'. A seperate thought - does someone at the Daily Record have Morrison's shares :-) ?

[philanderer] 08/4/2021 00:28

'Morrisons has a Ramadan Essentials Food Box for just £33 including delivery'


The Morrisons food box includes Halal chicken, naan bread, chickpeas and a free gift box of dates

[philanderer] 07/4/2021 15:22

Morrisons shoppers can now use their own containers to take home meat and fish

[pjleeds] 01/4/2021 15:41

Oops sorry wrong board.

[m12rtn] 31/3/2021 13:00

And a 2.7% divi payout in 2 months at this price!

[wiganer] 31/3/2021 12:11

183? Still too cheap.

[philanderer] 30/3/2021 10:55

COVID-19: Over-65s lead return to supermarket aisles as online surge pauses


Industry data shows there were 13 million more supermarket trips in recent weeks compared to the previous month.

[philanderer] 29/3/2021 11:08

JEFFERIES CUTS MORRISON SUPERMARKETS PRICE TARGET TO 235 (245) PENCE - 'BUY'

[loganair] 26/3/2021 10:33

A group of UK fund giants have indicated they will not be taking a bite of Deliveroo’s £8.8bn IPO as concerns mount over the firm’s working practices.

A combination of lack of investor power and poor working conditions for its delivery riders has turned BMO Global, Aberdeen Standard, Aviva Investors, L&G, CCLA and M&G off the fast food delivery company.

The concerns came as a study from the Bureau of Investigative Journalism found Deliveroo’s delivery riders were receiving less than the minimum wage after analysing 3,000 invoices from more than 300 riders over the past year.

Shareholder lobby group Pirc described the findings as concerning. ‘Investors considering taking a position in Deliveroo should familiarise themselves with these matters and the risks and responsibilities involved along with all other relevant factors,’ head of stewardship Tom Powdrill said.

Ticking time bomb:

BMO director of global equities Phil Webster said that Deliveroo faces significant competitive pressures, drawing attention to potential regulatory changes which could impact the firm’s profitability path, making it a ‘ticking time bomb’ and ‘uninvestable’.

‘Deliveroo faces significant pressure from the market leader, Just Eat Takeaway, which is investing heavily to improve its restaurant coverage and delivery proposition, through an “employed rider” model.’

‘We also see headwinds to Deliveroo’s revenue growth as we exit lockdown and customers return to dining out in restaurants. These revenue risks are further compounded by the issues around workers’ rights and a potential regulatory change, which would hamper its path to profitability.

Sustainability:

Aberdeen Standard Investments UK equity head Andrew Millington also categorically said his firm would not be taking part in the IPO. Governance concerns also leave him questioning the sustainability of Deliveroo’s business model.

‘We will not be taking part in the Deliveroo IPO as we are concerned about the sustainability of the business model.'

While M&G recognises the disruptive impact Deliveroo has had on the food services market, it also intends to give the IPO a wide berth.

The fund firm’s head of corporate finance and stewardship, Rupert Krefting, told reporters. ‘Whilst we acknowledge the disruptive impact that Deliveroo has had on the food services market, we still see risks to the sustainability of its business model for long term investors,’ he said.

‘This is largely driven by the company’s reliance on gig-economy workers in the UK as informal employment contracts potentially fall short in offering the value, job security and benefits of full employment.’

The concerns of these influential investors casts a shadow over one of the biggest London floats for a home-grown tech company.

[scotches] 25/3/2021 10:53

Deliveroo is seeking a market value of up to £8.8bn in what could be London's biggest IPO in a decade.

"But despite growing demand for food delivery during the pandemic, Deliveroo remains loss-making as it continues to invest heavily into expansion - although losses have shrunk by 29 per cent to £223.7million.

'It's hard to see it'll have another year when market factors were so much in its favour,' said Russ Mould at AJ Bell."

Deliveroo is headquartered in London, with around 2,000 employees in offices around the globe. Deliveroo operates in nearly 800 towns and cities across 12 markets, including Australia, Belgium, France, Hong Kong, Italy, Ireland, Netherlands, Singapore, Spain, United Arab Emirates, Kuwait and the United Kingdom.

8.8bn is more than twice the current mkt cap of MRW.

[m12rtn] 25/3/2021 09:31

A bit harsh! But at least they sold all they had earlier then? And as you say Sainsbury's is everyone's second choice and I assume Tesco 3rd choice?

[gbh2] 25/3/2021 07:58

idiot how can stuff that's not there fly anywhere.

[m12rtn] 25/3/2021 07:55

That's good news! Does that mean that the goods are flying off the shelves ? Turnover must be thriving.

[gbh2] 25/3/2021 07:27

I'd be concerned if I were still holding Morrison's shares because the items on their website, which are available for home delivery are mostly Greyed out and no longer available!

This week 60% of what we wanted was greyed out so we had to order it from Sainsburys.

[m12rtn] 24/3/2021 10:36

And they keep chipping away to increase their holding.

[philanderer] 23/3/2021 14:23

Morrisons to donate 100,000 Easter eggs to vulnerable people

[m12rtn] 22/3/2021 10:58

Well if he doubles the price then he is in for £1.4m in 3 years!

[rolo7] 21/3/2021 19:50

quadruple witching also

[ygor705] 21/3/2021 19:04

Thanks rolo7 ...... missed that the date of change was 19/3. The cost of Potts philanthropy.