All about the share price of this company as compared with other competitors such as TESCO & Sainsbury’s.
Depiction
Wm Morrison Supermarkets PLC is a sustenance/Food retailer. As of January 29, 2012, the Company had 475 stores crosswise over Britain, running in size from 3,000 to in excess of 40,000 square feet. Its subsidiaries incorporate Farmers Boy Limited, which is a producer and wholesaler of sustenance items; Neerock Limited, a meat processor; Wm Morrison Produce Limited, which delivers packer; Safeway Limited, which is a holding organization, and Optimization Developments Limited, which is occupied with property improvement. Amidst the monetary year finished January 29, 2012, it opened 37 stores. In January 2012, it opened its third M nearby store at Grafton Street. On June 10, 2011, the Company gained 100% of the conventional offer capital of Flower World Limited, a wholesale bloom business. On February 28, 2011, it obtained the exchange and resources of kiddicare.com Limited (Kiddicare), a multi-channel online e-retailer. On March 9, 2011, the Company gained 10% in Freshdirect.
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Will it still go lower?
Well, the supermarket chain posted a statutory pre-tax loss last year, and there’s a crash of more than 50% in earnings per share (EPS) forecast for the current year, ending January 2015, so that’s not looking