Morrisons is the second largest food producer in the Uk after Premier foods. It has its own, mostly everything, from Field to Fork which gives it more control, flexibility and a much shorter supply chain than other major supermarkets. I don't know how Tesco and the others can cope just being 'middle men' with a cumbersome business model of third party suppliers that's out of date.
Sorry Gerry here is the last part of that Report That of course did not prevent the company from adding that it had experienced no discernible change in trading post Brexit (that is likely to come this winter as rising sterling import costs bite).
Conclusion about value
The consensus estimate is for a massive 34 per cent increase in earnings per share this year and 9 per cent next year. Given that the shares are now selling at over twenty times this year’s estimated earnings of… Read More
The pension surplus increased from £186m to £249m. The schemes remain well funded and the assumptions prudent. A 130 basis points reduction in the discount rate in the period, to 2.4%, increased liabilities. Interest rate and inflation risks are well hedged, therefore asset performance was strong. In addition, as data has been compiled for the triennial valuation, actual experience is being reflected which has improved the… Read More
icecat, interesting read although the end bit is missing.
I liked the quote "The grocer has managed to keep its customers happy" err not this one, last time I tried to shop in Morrisions there was nowhere to park so I drove to asda instead. Albeit it was a peak shopping time which I dont normally do. Maybe I just need to add to the online sales instead and miss the free, if you can find it, parking.
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