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WM Morrison Supermarkets PLC

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  • *HSBC, Lloyds, RBS plan "broad" ring-fence, Barclays differs. LONDON, July 3- Barclays is planning to set up a smaller separate UK bank than rivals as British lenders finalise how to restructure to meet new rules designed to give greater protection to savers and taxpayers. Unless it makes a U-turn, Barclays will adopt a different structure to its main rivals.

  • LONDON, March 12- The daunting task facing the new boss of Morrisons was illustrated on Thursday when Britain's fourth biggest supermarket reported its lowest annual profit in eight years and warned investors it would cut its dividend. David Potts, a former executive of market leader Tesco, starts as Morrisons CEO on Monday. "Whilst our broad strategy of saving...

  • Supermarket exec jailed for insider trading Wednesday, 4 Mar 2015 | 1:19 AM ET

    The former group treasurer and head of tax at WM Morrison Supermarkets has been sentenced to 12 months in jail for insider trading.

  • LONDON, March 3- The former group treasurer and head of tax at British high street retailer WM Morrison Supermarkets Plc has been sentenced to 12 months in jail for insider trading by an English court. The Financial Conduct Authority said on Tuesday Paul Coyle had pleaded guilty to two counts of using confidential, price-sensitive information to trade in...

  • LONDON, March 3- The former group treasurer and head of tax at WM Morrison Supermarkets Plc has been sentenced to 12 months in jail for insider trading by an English court. The Financial Conduct Authority said on Tuesday that Paul Coyle, pleaded guilty to two counts of using confidential, price-sensitive market information to trade in shares of proposed joint...

  • Milk is now cheaper than water in the UK Tuesday, 13 Jan 2015 | 6:00 AM ET

    An escalating price war between the U.K.'s largest supermarkets means that the price of milk is now cheaper than bottled water, research shows.

  • Morrisons CEO to leave after Christmas sales fall Tuesday, 13 Jan 2015 | 2:29 AM ET
    Dalton Philips

    Morrisons said its chief executive would step down after the firm posted the worst Christmas performance of Britain's listed supermarkets.

  • Europe accelerates to close sharply higher on Draghi Thursday, 8 Jan 2015 | 11:30 AM ET

    European stocks surged to close almost 3 percent higher after ECB chief Draghi reiterated the central bank was ready to start "full-blown" QE.

  • Europe shares rally on hopes of further ECB action Wednesday, 7 Jan 2015 | 4:30 PM ET

    Europe shares ended higher on Wednesday with investors anticipating more stimulus by the European Central Bank (ECB).

  • There's no Christmas joy for these supermarkets Monday, 5 Jan 2015 | 10:14 AM ET
    People look for milk products at a Whole Foods supermarket in Washington.

    Christmas comes just once a year – but the problems affecting the big U.K. supermarkets are expected to linger all year long.

  • European indexes close down 2%; Greek stocks crash Tuesday, 9 Dec 2014 | 4:30 PM ET

    European shares closed sharply lower on Tuesday as a slide in Chinese and Greek equities weighed on investor sentiment.

  • UK supermarket sales fall for first time on record Tuesday, 18 Nov 2014 | 9:42 AM ET

    The U.K. grocery market has fallen into decline for the first time on record, as discount retailers lead a price war.

  • Sainsbury's to cut spending to lure shrewd shoppers Wednesday, 12 Nov 2014 | 2:57 AM ET

    Supermarket chain Sainsbury's reported half-year underlying pre-tax profit fell 6.3 percent to £375 million ($596.8 million).

  • Europe closes mixed after ECB's Draghi speech Thursday, 6 Nov 2014 | 11:41 AM ET

    European shares closed mixed on Thursday, after ECB President Mario Draghi hinted as to the possibility of further aggressive stimulus measures.

  • UK grocer Morrisons' sales fall again Thursday, 6 Nov 2014 | 2:13 AM ET

    Morrisons, Britain's No. 4 grocer, posted another big fall in quarterly underlying sales.

  • New Tesco boss Dave Lewis must look at selling assets in Britain and abroad.

  • Sainsbury's shares slide on dented Q2 sales Wednesday, 1 Oct 2014 | 3:33 AM ET
    A man puts a shopping bag into a car outside a Sainsbury's store in London

    U.K. supermarket chain J Sainsbury saw sales slip in its second quarter, with shoppers making more frequent visits but spending less on each trip.

  • UK watchdog launches investigation into Tesco Wednesday, 1 Oct 2014 | 3:05 AM ET

    Tesco said Britain's financial watchdog had started a full investigation into the company in the wake of a major accounting scandal.

  • European shares close lower; Tesco tanks Monday, 22 Sep 2014 | 12:11 PM ET

    European shares closed down on Monday, with sentiment curbed by lower commodity prices as well as an profit warning from supermarket Tesco.

  • European shares close lower on US, Scotland fears Thursday, 11 Sep 2014 | 11:49 AM ET

    European shares closed lower on Thursday on concerns regarding U.S. military action and an independence vote in Scotland.