Govt urged to cut fuel duty

Morrisons boss Dalton Philips has called on the government to cut fuel duty and says that it is the biggest thing they could do to help customers having difficult times.

Morrisons' online 'will benefit from last mover advantages'

Dalton Philips, Morrisons CEO has said that the supermarket's late entry to the online market will prove to be an advantage.

Mr Philips told ITV News, "There are often 'last mover' advantages because you can learn where others have made mistakes.

"It's a market that's growing really quickly, we've been doing it for about two years in a smaller way...so we've been learning a lot in the last 24 months - now it's time to accelerate."

Morrisons are currently in talks with Ocado over possible online offerings.

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Morrisons boss calls for a cut to fuel duty

by - Former Business Editor

Morrisons boss Dalton Philips has called on the government to cut fuel duty and says that it is the biggest thing they could do to help customers having difficult times.

Morrisons boss calls for a cut to fuel duty
Morrisons boss calls for a cut to fuel duty Credit: Owen Humphreys/PA Wire

He also tells us that customers will be able to shop online by end of the year, but Ocado tie up just one option, although he is cryptic about other possibilities if the Ocado deal does not come off - but optimistic on 100 new convenience stores.

Morrisons profit drops 7% to £879 million

Morrisons has admitted that its performance fell short of expectations after reporting a 7% drop in full-year profits to £879 million.

The supermarket, which generated sales of £18.1 billion in the year, said it had not done enough to communicate its promotions and suffered because it still lacked a meaningful presence in the two fastest growing sectors of the market.

The UK's fourth-biggest grocer, which employs 129,000 staff at 498 stores, said like-for-like sales dropped 2.1% in the year, while the average of 11.4 million customers in its stores each week was down on the prior year.

Morrisons to launch online food by January 2014

Morrisons has said it plans to launch an online food offer by January 2014 to better compete with rivals as it posted its first fall in full-year profits for six years.

Unlike the other grocers that make up Britain's so called "big four" - market leader Tesco, Wal-Mart's Asda and J Sainsbury - Morrisons currently does not have a website for the home delivery of food.

Morrisons is in talks with British online grocer Ocado which could lead to some form of partnership deal, but has said its online offering would not be dependant on the Ocada talks.

Today's announcement that we are launching an online food offer in 2014 is another important step in Morrisons strategy of being 'Different and Better than Ever'. We may be a late entrant to the online food market but we have learnt from our involvement with Kiddicare and Fresh Direct. We have long been a leader in fresh food and our craft skills and vertical integration really set us apart 3 from the competition. Ensuring that these points of difference translate into our online food offer will be a priority.

– DALTON PHILIPS, MORRISONS CHIEF EXECUTIVE

Morrisons 'laying the foundations for future growth'

Although this has been a difficult year in trading terms for Morrisons as we struggled to grow sales in a tough consumer environment, we have delivered a 7% improvement in underlying earnings per share and announced a 10% dividend increase, in line with our previously stated policy. It has also been a period of significant strategic progress as we continue to lay the foundations for future growth.

– Sir Ian Gibson, Morrisons Chairman

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Morrisons: 'Pressure on consumer spending' responsible for poor results

The sustained pressure on consumer spending was reflected in our like-for-like sales performance, which was not as good as it should have been. We have implemented a range of measures to address this and are making good progress in improving our promotional effectiveness and in communicating our points of difference.

Recent events have underlined why it's so important that we tell our customers how and why we're different and what our vertical integration really means for them. Food quality, provenance and the issue of trust are at the forefront of consumers' minds and these are all areas where Morrisons has something genuinely different to offer.

– Dalton Philips, Morrisons Chief Executive

Morrisons - a solution in sight?

by - Former Business Editor

Morrisons has just announced another set of results with another drop in sales. They have fallen behind competitors without convenience stores like Tesco Express of Sainsburys Local. And they have not moved into online shopping in a significant way.

Can Morrisons turn things around?
Can Morrisons turn things around? Credit: Joe Giddens/PA

This morning though they have revealed what many expected - they are in talks with Ocado, who have problems of their own, to use their operations. And they have recently bought some empty high street sites from Jessops and HMV to develop more 'M-Locals'.

Will this be enough to turn things around? It is customers around the country who will decide. We will be talking to the boss this morning.

Report: Morrisons in talks with Ocado for online venture

Morrisons is in talks with Ocado, for a partnership that would use the online retailer's expertise to play catch up with supermarket rivals, Sky News reports.

This morning the company will post its full-year results, but according to Sky, is not in a position to announce its joint venture with Ocado at this stage.

A general view of Morrisons supermarket trolleys in Essex Credit: Sean Dempsey/PA Archive

The publication said that although talks had been in place, they might not lead to an agreement.

Morrisons is expected to signal the company's move into online retailing this morning, along with a possible loss in sales profits.

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