Tuesday, 25 September, 2018

Morrisons reports "strong start" as sales rise

Morrisons reports Morrisons reports "strong start" as sales rise
Russell Knight | 11 May, 2018, 18:57

However, the drift away from the High Street continued, with store sales down 4.8% while online sales jumped 18.1%.

In a solid start to its new financial year the Bradford-based supermarket said that its group like-for-like sales, excluding fuel, were up 3.6 per cent in the 13 weeks to May 6.

Shares in Next jumped almost 8% in response to the trading update.

Nicholas Hyett, equity analyst at Hargreaves Lansdown, said: "Few retailers would go to the lengths Next has to play down what are undoubtedly strong results, especially when United Kingdom retailers are facing such a tough environment".

"If, as Next seems to believe, the strong first quarter reflects shoppers pulling forward their summer purchases to take advantage of the recent warm weather, then Q1's positive results will come largely at the expense of later quarters".

Sony's E3 Conference Will Be "Taking A Different Angle"
Over on the PlayStation Blog , Sony has revealed more details on its E3 2018 press conference, staring with the date and time. Once again, you can expect some big announcements and reveals. "We're taking a different angle on how we're bringing it out".

World oil price could hit $100 a barrel next year
Oil production in Venezuela , once a major global supplier, also has fallen sharply as the nation's economy continues to contract. Nationwide, the price of a gallon of regular gasoline hit $2.96 this week, according to the Energy Information Administration.

Rihanna's Hollywood Hills home burglarized; suspect tasered by police
The cops reportedly ordered the man outside; he complied, but for unclear reasons had to be tased while being detained. Katy was upset about the whole situation because Rihanna was cold to her and she wasn't invited to her after-party'.

LONDON, May 10 (Reuters) - Morrisons, Britain's No. 4 supermarket chain, beat forecasts for quarterly sales, helping to subdue fears that it could be the major loser from Sainsbury's proposed 7.3 billion pound ($10 billion) takeover of Walmart's Asda.

Morrisons also began supplying partner McColl's through a rolling programme of about 25 stores per week. In total, that contributed 1.8 per cent to group like-for-likes, and the business said it was on track for its targets of £700m of annualised sales by the end of the year and £1bn in due course.

However, Morrisons Chief Executive David Potts said Thursday's robust first quarter numbers showed his strategy was delivering for stakeholders. We expect to continue to improve in the year ahead.

Sainsbury's and Asda could be forced to sell at least 73 supermarkets and be made to shut as many as 245 across the United Kingdom if their proposed £15bn merger goes ahead, according to new research.

Morrisons held onto its market share at 10.5 per cent in the most recent industry data from Kantar Worldpanel, while Tesco remained at 27.6 per cent, and Sainsbury's and Asda both lost ground at 15.9 per cent and 15.5 per cent respectively. The retail division also contributed 1.8% toward overall like-for-like growth.

Recommended

  • Bella Hadid & The Weeknd Were Spotted Kissing In Cannes

    Bella Hadid & The Weeknd Were Spotted Kissing In Cannes

    But that same weekend the rapper was also seen putting the moves on DJ and general girl-about-town Chantel Jeffries . However, Bella was quick to deny the buzz, writing, "It wasn't me", in response to a report on social media.
    South Korea's largest crypto exchange faces fraud investigation

    South Korea's largest crypto exchange faces fraud investigation

    South Korea's largest cryptocurrency exchange Upbit has been raided by the South Korean authorities over suspected fraud. Your assets are kept securely in your account, so you can rest assured that you can use UPbit services".

    Stock'S Earning Overview Petroleo Brasileiro SA - Petrobras (PBR)

    Total volume is the number of shares or deals that point towards the overall activity of a security or market for a given period. Institutions purchase large blocks of a company's outstanding shares and can exert considerable influence upon its management.
  • Matchroom lands on DAZN in 'historic' US$1 billion deal

    Matchroom lands on DAZN in 'historic' US$1 billion deal

    The first show of the new deal will take place in September this year. "And if I don't make this work, I've failed miserably". The WBA, WBO and IBF king has been offered £37m to face WBC champ Wilder in America before the year is out.
    You can now gift PC games on the Microsoft Store

    You can now gift PC games on the Microsoft Store

    After you send the gift the recipient gets a game code along with instructions to redeem the code and get the game/DLC. We look forward to bringing you updates on the gifting of paid PC and Xbox apps soon.
    Body found in search for missing Scottish singer Scott Hutchison

    Body found in search for missing Scottish singer Scott Hutchison

    The band posted a message on Twitter Wednesday morning asking for help, followed by an Instagram post later in the day. Having released their EP Recorded Songs late previous year , the band are now on tour, playing shows across the UK.
  • Vivo X21i specifications and design leaked online

    Vivo X21i specifications and design leaked online

    The smartphone has 64 GB of internal storage , but you also have the option to expand the storage up to 256 GB via microSD card. The Vivo X20 Plus UD has been showcased at CES 2018 after which started in China in January, but it never made it into India.
    Top Hamas leader urges Palestinians to attend Nakba Day protests

    Top Hamas leader urges Palestinians to attend Nakba Day protests

    Oren said he did not know what the Trump plan would include, but he expects it to come out soon, perhaps after the embassy move. Consulate in Jerusalem which on Monday will formally be inaugurated as an embassy, in Jerusalem on May 7, 2018.
    Children's Mental Health Awareness Day

    Children's Mental Health Awareness Day

    And 20 percent of adolescents now have, or previously had, a seriously debilitating mental disorder, according to the institute. Families enjoyed an evening of games and live entertainment while learning about the importance of children's mental health.
  • Mayor of London sets out new environment strategy

    Mayor of London sets out new environment strategy

    London Mayor Sadiq Khan has today proposed a ban on " junk food " across the entire Transport for London (TfL) network. I want to reduce the influence and pressure that can be put on children and families to make unhealthy choices.
    Pro-Brexit group fined over campaign-spend breaches

    Pro-Brexit group fined over campaign-spend breaches

    One of the founders Leave.EU arrone banks called the penalty of the election Committee "politically motivated persecution". The commission said the "unlawful overspend" was at least £77,380 but "may well have been considerably higher".
    Ireland take on Pakistan in country's first-ever Test match

    Ireland take on Pakistan in country's first-ever Test match

    Pakistan captain Sarfraz Ahmed backed Ireland to take its experience from limited-overs matches and thrive in the Test format. The present generation of Ireland cricketers have earned the Test status, through full-time commitment to the national cause.

Miami plans see Lewis Hamilton call for drivers to have say Miami plans see Lewis Hamilton call for drivers to have say F1 has not yet announced a calendar of races for Y 2019, but the plans put in front of the Commission were for a race in October. A deal to race in Miami would also be the first struck in the post-Bernie Ecclestone era.

'Black Panther' Director Wants to Make a Female-Focused Spinoff 'Black Panther' Director Wants to Make a Female-Focused Spinoff Ryan Coogler's Black Panther became one of the year's most acclaimed films and grossed more than.3 billion worldwide. The spin-off would be light work to produce as Marvel did focus on the women of Wakanda in the comics.

Boston Dynamics has a robot that can run free in nature Boston Dynamics has a robot that can run free in nature That probably isn't what most people envision when they think of a fun-filled BBQ, with friends and the family dog. In the second clip, Boston Dynamics showed off the dog-like SpotMini robot climb up and down stairs.

World Health Organization develops experimental Ebola vaccine World Health Organization  develops experimental Ebola vaccine That would bring the total number of people reporting symptoms to 25, of whom at least 17 have so far died. This is the DRC's ninth Ebola outbreak since the discovery of the virus in the country in 1976.

Rita Ora feat. Cardi B, Bebe Rexha, & Charli XCX - 'Girls' Rita Ora feat. Cardi B, Bebe Rexha, & Charli XCX - 'Girls' It's been quite a while since the wold has heard some new music from Rita Ora , 27, and the wait was certainly worth it. She adds: "I ain't one-sided, I'm open-minded / I'm fifty-fifty and I'm never gonna hide it".

Eurovision pulls contract with the Chinese broadcaster that censored Ireland's entry Eurovision pulls contract with the Chinese broadcaster that censored Ireland's entry The Eurovision song contest started in 1956 and previous year attracted more than 180 million viewers worldwide. However, there are Chinese Eurovision fans out there and the number is growing.

Consent expert says parents should ask babies before changing their nappies Consent expert says parents should ask babies before changing their nappies Deanne Carson is a sexual consent expert and works for an organisation that teaches children about consent. She replied: "We work with children from three years old, we work with parents from birth".

Google improves user data transparency and control ahead of GDPR Google improves user data transparency and control ahead of GDPR Users can choose to permanently delete specific activities, or days of activity that they do not want connected to their account. It's worth noting that absolutely nothing is changing in your settings or the kind of data Google collects on you.

Gwyneth Paltrow reveals huge spoiler for 'Avengers 4' Gwyneth Paltrow reveals huge spoiler for 'Avengers 4' This movie really only works if you know the drill, and if you do, I guarantee you'll still be surprised by this movie. That's courtesy of Gwyneth Paltrow in an interview she gave to an "official" " Avengers: Infinity War " magazine.

Aaron Judge says there was no fan interference on Martinez home run Aaron Judge says there was no fan interference on Martinez home run NY is the hottest team in the major league, which is highlighted by their best 18-game stretch since 1953 with a record of 17-1. Martinez smacked a solo home run in the top of the eighth to retake the lead and avoid a three-game series sweep.

Philippines Sends Officials to Kuwait after Diplomatic Fallout Philippines Sends Officials to Kuwait after Diplomatic Fallout Roque said tomorrow they will be visiting the Filipino community in Kuwait who are living in shelters. Warrants of arrest were also issued against Filipino diplomats who participated in the rescue effort.

Youth Bias Against Brad Stevens is Embarrassing Youth Bias Against Brad Stevens is Embarrassing It's so incredible to have an opportunity to be one of 30 . "I'm telling you, if it gets to be a comparison contest, I'm screwed". Stevens had a typical reaction to the vote, while Philadelphia 76ers coach Brett Brown was stunned at the voting snub.

Man Utd star De Gea wins his first EPL Golden Glove award Man Utd star De Gea wins his first EPL Golden Glove award United boss Jose Mourinho hailed the Spanish worldwide but insisted that the award was a reflection of the team's performance this season.

Candidates' stances on Trump are most important issue in midterms According to a study from FiveThirtyEight, 57 percent of reluctant Trump voters expressed no regrets about their choice. Mr Renacci hopes to oust Sherrod Brown, a populist Democrat who has held the Senate seat since 2007.

Could US sanctions hit Iranian crude exports? Could US sanctions hit Iranian crude exports? He also announced he would re-impose economic sanctions on Iran, describing the landmark deal as "a disgusting , one-sided deal that should have never, ever been made".