MORRISON (WM) SUPERMARKETS PLC (MRW)

MORRISON (WM) SUPERMARKETS PLC (MRW)

Blog posts

Justin King ex-Sainsburys CEO – Supermarket Supply Chains, Profits and Share Prices

In the present environment its useful to get some insights into what’s happening in the food retail sector and how it's impacting the major players. I came across this 10 minute interview with Justin King which was filmed at the end of March and thought it may be of interest to members. Justin King, Formerly CEO of Sainsbury's and now an advisor to Supermarket Income REIT (LON: SUPR), answers a series of questions for the investor community. Justin discusses the supermarket sector. ...

AGM Reports

Morrisons (MRW) AGM Report 2012

This was held at 11:00 at the company's new HQ in an out-of-the way part of Bradford a couple of miles from the city centre. I imagine they got all sorts of grants to develop this brownfield site. The result (owned outright, as is their way) is an impressive part of their estate. Hoping for a coffee and a chat with someone I arrived early. No such luck, I was ushered to a seat and had to wait out the time. I ...

ShareSoc News

Takeover Guidance

Lord Lee of Trafford and Patron of ShareSoc has been invited to meet the new chief of the Takeover Panel, Ian Hart. This follows Lord Lee's actions earlier this year including a Parliamentary Question and a major article in the Times. Backed by ShareSoc, he lobbied for companies to let their owners (their shareholders) know as soon as possible about potential bids, even if they have to say “there can be no certainty that an offer will ultimately be made”. He ...

Media Mentions

Investors Chronicle, 22 July 2021, Takeover Guidance

ShareSoc Patron Lord Lee is quoted in  the Investors Chronicle opinion piece by Paul Jackson about takeovers. Anyone selling Morrisons shares after Monday 14 June, when the unsolicited approach was made, must have been kicking themselves. So should shareholders have been told more promptly? Lord John Lee thinks so.  Since directors have a duty to “lead, steward and serve shareholders”, are they at fault for failing to inform them better? Well, no. That’s because they have to be guided by the Takeover Panel, which says ...
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