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WM Morrison Supermarkets P L C

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  • LONDON, March 13- Britain's Wm Morrison Supermarkets sparked fears of an industry price war on Thursday after it posted its lowest profit for five years and said it would invest 1 billion pounds in price cuts over three years to win back customers.

  • LONDON, March 13- Britain's Wm Morrison Supermarkets sparked talk of an industry price war on Thursday after it posted its lowest profit for five years and said it would invest 1 billion pounds in price cuts over three years in a bid to recover.

  • *FTSEurofirst 300 off 0.1 pct, Euro STOXX 50 down 0.2 pct. *Analysts see near-term Euro STOXX 50 drop to 3,063. The euro zone's blue-chip Euro STOXX 50 was down 0.2 percent at 3,112.81 points by 1559 GMT, consolidating further after a slight drop in the previous session.

  • lk-European stock rally stalls, retailers pressured Tuesday, 18 Feb 2014 | 11:16 AM ET

    *FTSEurofirst 300 off 0.1 pct, Euro STOXX 50 down 0.2 pct. *Analysts see near-term Euro STOXX 50 drop to 3,063. The euro zone's blue-chip Euro STOXX 50 was down 0.2 percent at 3,112.81 points by 1559 GMT, consolidating further after a slight drop in the previous session.

  • Ocado founder steps down as online goes mainstream Tuesday, 4 Feb 2014 | 2:11 AM ET

    Jason Gissing, one of the ex-Goldman Sachs bankers who founded Ocado, is leaving the company as it prepares to spar with the biggest U.K. retailers.

  • Investors bet against UK retailers Thursday, 16 Jan 2014 | 3:39 AM ET

    Retail stocks in the U.K. have seen a spike in short-selling since the start of the year, according to financial research firm Markit.

  • Bleak Christmas for top UK supermarkets Thursday, 9 Jan 2014 | 3:39 AM ET

    British retailers suffered a sales drop over the festive period, the latest in a long line of disappointing results for the sector.

  • Europe shares close lower as Fed fears kick in Tuesday, 17 Dec 2013 | 11:30 AM ET

    European equities closed lower on Tuesday as investors looked ahead to the U.S. Federal Reserve's last policy meeting of the year.

  • Europe stocks close down but Italy recovers Wednesday, 2 Oct 2013 | 12:07 PM ET

    European shares closed down on Wednesday, as the U.S. government shutdown continued and jobs data came in weak.

  • Who’s winning the UK supermarket wars? Wednesday, 2 Oct 2013 | 6:49 AM ET
    Shoppers walk down 5th Avenue in New York City.

    The U.K. supermarket landscape is changing, with Tesco’s long-held place at the top of the market beginning to look shaky.

  • Europe closes down but off lows; euro data weighs Thursday, 12 Sep 2013 | 11:57 AM ET

    European shares closed down, but off session lows on Thursday, after investor confidence took a hit earlier in the session.

  • Morrisons misses forecasts ahead of online push Thursday, 12 Sep 2013 | 2:28 AM ET

    U.K. supermarket WM Morrison on Thursday posted first-half profit below expectations, but Trevor Strain, the chief financial officer told CNBC that it is only "mid-flight" on its journey into two new key growth areas.

  • Sainsbury Outshines Tesco with Quarterly Sales Rise Wednesday, 12 Jun 2013 | 2:16 AM ET

    J Sainsbury, Britain's No. 3 supermarket chain, met forecasts for underlying sales growth in its first quarter, outperforming major rivals.

  • Horsemeat Scandal Pushes Tesco Into Quarterly UK Fall Wednesday, 5 Jun 2013 | 2:52 AM ET

    Tesco, the world's third-biggest retailer, slipped back to an underlying sales decline in the U.K. in the first quarter, raising doubts about a costly recovery plan for its home market.

  • UK Supermarket Morrison Enters Online Grocery Scrum Friday, 17 May 2013 | 1:58 AM ET

    U.K. supermarket Morrisons announced it is going into partnership with online delivery service Ocado on Friday.

  • Europe Shares Close Higher on Global Market Optimism Thursday, 14 Mar 2013 | 12:58 PM ET

    European shares rose on Thursday, resuming the two-week rally that has propelled indexes to multi-year highs.

  • We'll Cut Costs to Survive: Sainsbury CFO Wednesday, 9 Jan 2013 | 2:28 AM ET

    Supermarket chain Sainsbury plans to combine cost cuts with expansion in 2013, CFO John Rogers told CNBC Wednesday, with the group determined to lure more cash-strapped consumers to its mid-range supermarkets.

  • European shares finished in negative territory Monday, but financials helped limit losses after global banking regulators announced a watering down of key elements of their plan for banking rules.

  • Tesco Launches Strategic Review of US Chain Wednesday, 5 Dec 2012 | 2:35 AM ET

    Britain's Tesco, the world's No. 3 retailer, has launched a strategic review of its loss-making United States chain Fresh & Easy.

  • Oct 11- WM Morrison Supermarkets P L C:. *Espirito Santo Investment Bank cuts morrison to neutral rating; fair. Reuters Station users, click. 1580.

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