Private equity managers defend sector following backlash from Morrisons buyout
Comes after major shareholder LGIM warns against private equity firms taking over supermarket chain for ‘the wrong reasons’
Morrisons
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Blackrock and major hedge funds burned by Morrisons-led supermarket sweep
$9trn manager has bets against Morrisons, Sainsbury’s and M&S
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Merry Christmas for Morrisons as high street suffers
Markets enjoyed some belated Christmas cheer from Morrisons’ strong sales update, but wider trading statistics from the British Retail Consortium painted a much bleaker picture for the sector at large.
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PA ANALYSIS: John Lewis suffers but hope remains for retail
John Lewis’ profits halved over the first six months of the year, but results from Next and Morrisons pointed to glimmers of hope for UK retail.
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Next profits slump but Morrisons growth shows resilience of retail
Next shares slipped 4.8% to 4960p Thursday morning as the Office for National Statistics unveiled healthy retail sales growth in August and Morrisons shares shot up 8.06% to 209.2p.
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Morrisons moving toward recovery
Morrisons shares rose 1.9% to 191.1p following figures showing its like-for-like sales grew for the second quarter in a row.
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PA ANALYSIS: What can your clients teach you?
Unexpected item in your bagging area? Morrisons is apparently ditching its self-service checkouts in favour of hiring more staff after customer feedback. But what about financial services – what can we learn from clients’ preferences?