Companies / United Kingdom
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UK's Morrisons - Future on the Margins
September 2006 | Company News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Only three weeks into the job, new Morrisons CEO Marc Bolland has the good fortune to report stronger than expected results at the UK's fourth-largest food retailer. Year-on-year (y-o-y), pre-tax losses turned into a profit of GBP134.2mn (US$252.9mn). The company also indicated that sales over the eight weeks of H206, excluding fuel, surged 5.9%, following H106 growth of 4.6%. Morrisons also assures that its three-year business plan, adopted in March, is on