Morrisons this morning reported end of year sales up 8.6% on a year ago, as CEO David Pott’s hailed the retailers “strong momentum” as it approaches the easing of lockdown.
The results, compared to 0.8% sales fall a year ago, included total revenues up 0.4% to £17.6bn, despite profits being down by more than 60%, in part because of £290m of Covid related costs.
Total revenue excluding fuel was up 8.9% as fuel sales slumped 32.1% to £2.49bn during the pandemic.
Morrisons said online sales had tripled during the year, with capacity now up fivefold whilst both its online and wholesale operation were already profitable and expected to become more so.
IN BRIEF: Applegreen Shareholders Approve EUR718 Million Acquisition
Wed, 17th Feb 2021 17:27
Applegreen PLC - operator of petrol stations and motorway stops in Ireland - EUR718.1 million takeover by the Causeway Consortium Ltd gets shareholder approval. Causeway Consortium is owned by Blackstone Infrastructure Partners managed by Blackstone Group Inc, and B&J Holdings Ltd. B&J, in turn, is wholly owned by Applegreen founders Robert Etchingham and Joseph Barrett, and already owns 41% of Applegreen. B&J class shareholders, as well as non-B&J class Applegreen shareholders, vote in favour of the buy.
Current stock price: 500.13 pence
Year-to-date change: down 2.9%
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Nye & Company announces highlights included in the Estate Treasures Auction
Carved bone and pine sailor-decorated pipe, New England, 19th century.
BLOOMFIELD, NJ
.- Nye & Company Auctioneers two-day, online Estate Treasures auction, featuring property from the Siegmund collection of folk art and the Steve and Stephanie Alpert collection, will be held on Wednesday and Thursday, January 20th and 21st, at 10 am Eastern time.
The whimsical, online sale will offer a wide variety of fine and decorative arts. Every price point will be represented. Real time online and absentee bidding will be provided by LiveAuctioneers.com, Invaluable.com, Bidsquare.com and the Nye & Company website: www.nyeandcompany.com. Telephone bidding will also be available on a limited basis.
BLOOMFIELD, N.J. â Nye & Company Auctioneersâ two-day, online Estate Treasures auction, featuring property from the Siegmund collection of folk art and the Steve and Stephanie Alpert collection, will be held on Wednesday and Thursday, January 20th and 21st, at 10 am Eastern time.
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The whimsical, online sale will offer a wide variety of fine and decorative arts. Every price point will be represented. Real time online and absentee bidding will be provided by LiveAuctioneers.com, Invaluable.com, Bidsquare.com and the Nye & Company website: www.nyeandcompany.com. Telephone bidding will also be available on a limited basis.
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The auction is packed with a variety of property from private collections, with an emphasis on American and English furniture, folk art and self-taught/outsider art, American paintings, Chinese works of art and silver and jewelry.Â
Applegreen founders are facing long road ahead thetimes.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thetimes.co.uk Daily Mail and Mail on Sunday newspapers.