Morrisons had revealed on Wednesday that it was in talks with the two US private equity suitors and the Takeover Panel, which governs takeover deals, regarding an auction procedure. Morrisons shares were trading at almost p on Thursday - indicating that investors were clinging to hope of a counter bid.
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This was bad for the FTSE , down 0. Declines in retailers, tobacco stocks and utilities offset gains in banks and miners, causing the FTSE to dip 0. SSE dimmed 2. Shares is the leading weekly publication for retail investors. It is packed with investment ideas, news and educational material to help build and run portfolios and get more from your money.
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Search within articles Company news Share price. Morrisons CEO and COO commit to reduction in pension levels following shareholder voting at its AGM Supermarket group Morrisons has published an update on actions taken by the board of directors and remuneration committee in respect of two of the resolutions put to shareholders at the AGM, FTSE recovers some losses as pound weakens on EU warning The FTSE recovered some of its losses in afternoon trading on Thursday to move back above the 6, mark, as a weaker pound helped the index.
Morrisons H1 revenue up as fuel sales 'severely affected'; 5. FTSE rises on furlough extension, Vodafone dividend relief UK stocks finished higher on Tuesday, boosted as Chancellor Rishi Sunak announced the extension of the government's furlough scheme until the end of October and after investors warmed to FTSE opens 0.
Morrisons sales slip in first quarter as fuel demand tanks Supermarket group Morrisons said its first-quarter sales fell after a surge in grocery sales as households stockpiled during the Covid crisis was offset by a slump in fuel demand.
UK stocks slump 3. Morrisons suspends special dividend, citing coronavirus uncertainty Supermarket group Morrisons eked a modest rise in underlying annual profit and suspended paying more special dividends while it assessed the full impact of the coronavirus. Morrisons sees sales fall in challenging end to Supermarket chain Morrisons saw like-for-like sales fall by 1.
UK stocks open 0. Morrisons appoints Trevor Strain as operations head Supermarket chain Morrisons said it had appointed Trevor Strain as chief operating officer and Michael Gleeson as chief financial officer. London stocks make modest gains as Morrisons rallies and ECB cuts rates and flags more QE UK stocks barely budged in late trade on Thursday as the European Central Bank cut interest rates in the eurozone and set the scene for more quantitative easing down the line.
London market stays flat despite Morrisons rally as investors warily eye economic data UK stocks remain largely flat at midday on Thursday, despite a rally in the shares of supermarket chain Morrisons, which lined a special dividend after a strong half year profits performance FTSE flat as Morrisons, miners chalk up gains; ECB eyed UK stocks were roughly flat on Thursday, despite a rally in Morrison as the supermarket lined a special dividend and an improved interim dividend, while miners also edged higher on US-China trade Morrison climbs after lining up special divi amid jump in profit Wm Morrison Supermarkets surged after it boosted its interim dividend and said it would pay a special dividend following a surge in profit in the first half of the year.
Markets remain tense amid lower US open As investors continued to weigh threats around trade wars and geopolitical tensions in the Middle East, global stocks remained on the back foot. Morrisons suspends deal to use capacity at Ocado's Erith warehouse until Morrisons has agreed to suspend using its share of capacity at Ocado's Erith warehouse until February following a fire at Ocado's Andover centre.
UK stocks follow Asian markets lower as China-US trade tensions rise UK stocks are falling on Thursday, following Asian markets lower after China-US tensions escalated ahead of the upcoming trade negotiations between the two countries. Morrisons posts 2. FTSE flat as sterling surges ahead of key Brexit vote The FTSE barely remained in positive territory after sterling surged on the likelihood that MPs will vote against a no-deal Brexit tonight, paving the way for an extension to Article UK stocks open flat as investors brace for no-deal Brexit vote UK stocks meandered at the open on Wednesday as investors braced for a parliamentary vote on a no-deal Brexit after Theresa May last night suffered a resounding vote against her proposed deal.
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