Morrisons

Ticker MRW

Today's data summary

Market closed
% change
0.00%
Price Pence
207.90
Change
0.00
As of 06:48 16 Jul 2019
Market cap. Pound sterling
4,975.11 million
As of 06:48 16 Jul 2019

Latest updates

Wincanton wins Morrisons contract

morrisons
Getty Images

Wincanton has won a five-year distribution contract from Morrisons supermarket to provide transportation services from three distribution centres to its stores.

It will manage transportation planning and operations from the three locationsand will also be responsible for vehicle maintenance through its fleet management business, Pullman Fleet Services at five Morrisons sites.

Adrian Colman,chief executive of Wincanton, said: "This significant new contract with Morrisons further underlines our position as a leading logistics provider in the grocery retail market".

FTSE open

coin and flag
Getty Images

The FTSE 100 is trading around 10 points lower at 7,357.35.

But plumbing products company Ferguson is up over 5% after Nelson Peltz's Trian Fund Management bought nearly 6% of the business.

Among the other gainers are packaging company DS Smith, which has published results, and Morrisons, which has announced it has expanded its same-day delivery service for groceries with Amazon to Glasgow, Newcastle, Liverpool, Sheffield and Portsmouth.

Housebuilder Persimmon is leading the fallers, down 6%, after going ex-dividend.

It also comes after a report from the National Audit Office (NAO) found almost two-thirds of homebuyers who used the government's Help to Buy scheme could have bought a home without it.

Discounters challenge Big Four supermarkets

Supermarket
Getty Images

The UK's big four supermarkets all lost market share in the 12 weeks to 19 May, market research company Kantar says, as discounters gained ground.

Tesco's share fell to 27.3% from 27.7% a year ago, while Sainsbury's and Asda had equal shares of 15.2%, after sales fell by 1.7% and 0.2% respectively.

Sales at Morrisons fell 0.4%, giving it a share of 10.4%.

Like-for-like sales were unchanged at leader Tesco and fell at Sainsbury's, Asda and Morrisons.

German discounters Aldi and Lidl continued to record strong growth, with sales up 11.1% and 8.5% respectively, giving them a record combined market share of 13.8%.

Sales at Ocado, Iceland, and Waitrose were also up on a year ago.

Morrisons 'robust'

shop
Reuters

Supermarket group Morrisons says its retail sales performance was "again robust".

It says like-for-like sales, which strip out new store openings, were positive in the first quarter for the fourth consecutive year "despite political and economic uncertainty continuing to impact consumer confidence".

Sales during Easter period were up 1.7% on last year and 3.4% on a two-year basis.

For the 13 weeks to 5 May, group like-for-like sales excluding fuel were up 2.3% and including fuel were up 2.7%.

It says it expects "the market to remain competitive and challenging" and in the second quarter will annualise last year's favourable summer weather and the World Cup.

Plans to build a retail unit in a supermarket car park rejected

Local Democracy Reporting Service

Nic Marko

Plans to create a retail unit in a supermarket car park on Clarence Road in Hartlepool have been rejected.

Last year the proposals from Morrisons to create a Timpson's store in its car park were rejected by the council because they said it "would have a detrimental impact on the general character of the area".

Morrisons in Hartlepool
BBC

An appeal was lodged against the council decision to refuse the plans by Morrisons, but the national Planning Inspectorate moved to dismiss the appeal.

John Dowsett from the Planning Inspectorate ruled the planning committee was right to refuse the proposals, adding: "The appellant recognises that the proposed building would be visible from all directions when entering the car park and approaching the store’s entrance.

“As a consequence, the proposed development, despite its modest scale, would be harmful to the character and appearance of the area."

Asda now UK's second largest grocer

Asda shopping basket
Reuters

UK supermarkets saw their sales grow over the 12 week period to 24 March, except for Sainsbury's and Morrisons which both had slight sales drops, according to Kantar, publishing its latest sector report.

Aldi sales grew 10.6% with London its fastest growing region. More people are now visiting Aldi than Morrisons.

While Asda's sales grew only 0.1%, it has crept up to become Britain's second largest retailer.

Here's how market share now looks for the grocers:

  • Tesco 27.4%
  • Asda 15.4%
  • Sainsbury's 15.3%
  • Morrisons 10.3%
  • Aldi 8%
  • Co-op 6.1%
  • Lidl 5.6%
  • Waitrose 5%