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Latest Finance News related to Ken Morrison

The business sense that made Morrisons | Letters image
Source : Guardian [Read Article] Sunday 5th of February 2017 06:01:32 PM
. I met Ken Morrison (Report, 2 February) when I was a Saturday worker at Morrisons while still at school in the early 1970s. ...
TalkTalk hoping for rapid results as Dunstone gets his hands dirty image
Source : Guardian [Read Article] Wednesday 1st of February 2017 07:29:32 PM
.... It is the safe thing to do, and Dunstone can afford to take some upfront financial pain for greater long-term gain. In the 1980s and 1990s, the retail industry’s golden years, Sir Ken Morrison, who has died aged 85, was king. ...
Sir Ken Morrison obituary image
Source : Guardian [Read Article] Wednesday 1st of February 2017 04:45:07 PM
. Sir Ken Morrison, who has died aged 85, started working in his father’s provisions business when he was still in short trousers, certainly before he went to school at Bradford grammar. ...
Sir Ken Morrison's best quotes: 'You’ve got a lot more bullshit than me' image
Source : Guardian [Read Article] Wednesday 1st of February 2017 01:24:50 PM
. Sir Ken Morrison, founder of the Bradford-based supermarket chain, has died aged 85. ...
Supermarket tycoon Sir Ken Morrison dies aged 85 image
Source : Guardian [Read Article] Wednesday 1st of February 2017 12:44:02 PM
. Sir Ken Morrison, the man who took his father’s small grocery chain and turned it into one of the UK’s biggest retailers, has died aged 85. ...
Morrisons shareholders join protests over executive pay image
Source : Guardian [Read Article] Thursday 9th of June 2016 06:21:56 PM
....Nearly a fifth of Morrisons shareholders have failed to back the company’s remuneration report in the latest protest against executive pay. The vote comes as Sir Ken Morrison, the man who built up the supermarket chain and remains a significant shareholder, said Morrisons’ turnaround was still “a work in progress”. ...
Women in property industry must speak up on gender equality: Green buildings CEO image
....Madew acknowledges that there are several men in the building industry who are actively seeking more women in their senior-level positions. She highlights Bob Johnston, the CEO of property owners and managers GPT, who aims to achieve a 50/50 split of women and men at non-executive director level, and Ken Morrison, the CEO of the Property Council of Australia, who has helped set up the Property Male Champions of Change group to drive gender equality in the industry. ...
Marc Bolland: The flying Dutchman falls to earth image
Source : Telegraph [Read Article] Thursday 7th of January 2016 09:36:03 AM
.... . While he seemed to run things cordially with Sir Ken Morrison, even sharing fish and chip lunches with the chairman, Morrison claimed after Bolland’s departure that he was “no retailer”. ...
From smoking diesels to Sports Direct: the business year in review image
Source : Guardian [Read Article] Sunday 27th of December 2015 09:00:14 AM
....The beginning of the year, and the end of the aisle for Dalton Philips. The routinely maligned boss of the supermarket chain Morrisons finally checked out after a five-year spell at the grocer, which the City succinctly summarised like this: Philips broadly made two mistakes; firstly, taking a long and expensive route reversing the errors of predecessor-but-one Sir Ken Morrison; and, secondly, introducing some blunders of his own. ...
Why Spain's hung parliament won't dent the economy … yet image
Source : Guardian [Read Article] Monday 21st of December 2015 07:03:13 PM
.... On day one, markets were right not to panic. There was fresh indignity for Morrisons as it departed the FTSE 100 index: its founder and grocery supremo Sir Ken Morrison, a thorn in the side of the former chief executive Dalton Philips, was revealed as the owner of 2. ...
Co-op chief gets back to basics with renewed focus on communities image
Source : Guardian [Read Article] Friday 27th of November 2015 06:00:17 AM
....Quietly spoken and imbued with a zen-like calm, Pennycook is an easy man to underestimate. But he has proved himself tenacious enough to deal with some retail heavyweights from Sir Ken Morrison to Marks & Spencer boss Marc Bolland and the Co-op’s current chairman, Allan Leighton. ...
Instead of dealmaking, Morrisons should stick to selling fruit and veg image
Source : Telegraph [Read Article] Saturday 12th of September 2015 02:05:16 PM
. It’s enough to make Ken Morrison choke on a portion of parkin – another botched deal that has cost the supermarket chain his family founded and he once chaired tens of millions of pounds to unwind. ...
There's really only one UK supermarket that Africa's bargain hunting billionaire could buy image
.... It is unlikely Wiese would have favoured vegetable misters or other frivolities put in place by former chief executive Dalton Philips. The softly spoken Wiese seems too good humoured to express his distaste in a similar manner to Morrisons’ family shareholder Ken Morrison, who proclaimed them to be “bull----”. ...
Marks & Spencer's: Marc Bolland has kept the City happy. Customers may be another story image
....And sitting at the top of this tree is Mr Bolland. When the 56-year-old joined M&S fresh from being hailed the hero of the hour at Morrisons – where he took credit for saving Sir Ken Morrison’s skin during the dark days of its Safeway takeover – he had to fill the shoes of arguably one of the most charismatic retail bosses of the modern era, Sir Stuart Rose. ...
Morrisons cuts prices on 200 products - here are the staples that are getting cheaper image
.... Mr Potts joined Morrisons in March after former chief executive Dalton Philips was fired. At the company’s annual meeting last week, Sir Ken Morrison, who built Morrisons into a nationwide chain while in charge, said that Mr Potts needed “breathing space” to turnaround the company. ...
Morrisons shareholders revolt over ex-chief's pay image
Source : Telegraph [Read Article] Friday 5th of June 2015 05:59:08 AM
.... . During the AGM in Bradford, Sir Ken Morrison urged shareholders of the supermarket his family founded to be patient and allow the firm's new management team "breathing space" to restore the company's fortunes. ...
New management can restore Morrisons, insists Sir Ken image
Source : Independent [Read Article] Friday 5th of June 2015 01:18:12 AM
. More than one in three shareholders in Morrisons voted against handing its sacked chief executive, Dalton Philips, a £3m pay-off, although the new chairman and chief executive won the support of the former boss Sir Ken Morrison. ...
M&S gives out Bolland bonus image
Source : Daily Express [Read Article] Friday 5th of June 2015 12:01:00 AM
....Meanwhile, the former boss of supermarket rival Morrisons urged shareholders to be patient and allow its new management "breathing space". Sir Ken Morrison, the 83-year-old son of the grocer's founder, said he was reassured by the new team led by chief executive David Potts and chairman Andrew Higginson. ...
Morrisons shareholders protest over £1m bonus for sacked former CEO image
Source : Guardian [Read Article] Thursday 4th of June 2015 12:02:31 PM
.... “If shareholders want short notice-periods then they will have to be imposed not left to the market,” he told the meeting attended by more than 200 people. Higginson and the supermarket’s chief executive, David Potts, another former Tesco executive, won support from Sir Ken Morrison, the retailer’s life president, who said the new team should be given “breathing space. ...
Morrisons could cling on to FTSE 100 place after sales boost image
Source : Guardian [Read Article] Tuesday 2nd of June 2015 10:24:08 AM
....The retailer is expected to receive criticism for paying out a £1m bonus to its former chief executive Dalton Philips, who was ousted after months of falling sales and profits. Sir Ken Morrison, the group’s former chairman and chief executive, who built his father’s business into a national chain, is expected to attend. ...
.... . Morrisons’ annual general meeting provided excitement last year when former boss Sir Ken Morrison labelled then chief Dalton Philips’ strategy “bullshit”. ...
What will hit the fan at Morrisons’ AGM? image
Source : Guardian [Read Article] Sunday 31st of May 2015 08:00:08 AM
. A year ago Sir Ken Morrison, the founder of Morrisons supermarket, tore into the grocer’s then chief executive, Dalton Philips, in a scathing intervention at the annual general meeting. ...
Struggling Morrisons pays out £3m to sacked boss Dalton Philips – with more to come image
....1m on last night’s closing share price, and another 269,696 the following year – worth £520,000. The payout will no doubt anger shareholders, who heard Mr Philips’s strategy described as “bullshit” by Sir Ken Morrison at the company’s annual general meeting last year. ...
David Potts: There's trouble in store for the new boss of Morrisons image
Source : Independent [Read Article] Friday 13th of March 2015 01:18:51 AM
.... David Potts started out as a Saturday boy in Tesco (Getty)  . No doubt one call will be longer than most – when he picks up the phone to Sir Ken Morrison – as Mr Potts attempts to press his case for the business’s future in an attempt to avoid a public admonishment similar to the one received by his predecessor Dalton Philips, whose strategy was labelled “bullshit” by the supermarket’s architect. ...
Morrisons reports worst profit results in eight years  image
Source : BBC [Read Article] Thursday 12th of March 2015 07:39:07 AM
....Fewer stores, fewer products in those stores and fewer promotions. For Morrisons the age of expansion was brought to a halt today as it retrenched, spoke wistfully of the bygone era of Sir Ken Morrison's northern based powerhouse and revealed that its venture into convenience stores had been underwhelming. ...
Morrisons chairman denies he is building a 'mini Tesco' image
Source : Telegraph [Read Article] Wednesday 25th of February 2015 06:36:42 PM
....” . The Morrisons chairman said that he and Mr Potts had “grown up admiring Morrisons” and the “principles” with which it was run by former boss Sir Ken Morrison, such as a focus on fresh food. ...
The City roundup video: Will Morrisons appointment of David Potts help fend off Sir Ken? image
.... With some tinkering to its prices to compete with Aldi and Lidl and some further expansion in the south through small stores and online he can makes some easy wins pretty quickly. In terms of the media focus, Potts’ experience, alongside Higginson’s, will help keep Sir Ken Morrison at bay. ...
Morrisons names new chief executive - former Tesco Asia operations boss David Potts image
Source : Independent [Read Article] Wednesday 25th of February 2015 09:28:02 AM
....David Potts will replace former boss Dalton Philips, who was sacked last month. Sir Ken Morrison told The Independent at the time that he believed Philips was a "really nice chap" but had not been up to the job. ...
Morrisons boss Dalton Philips to sell £1.65m house in York image
Source : Telegraph [Read Article] Saturday 14th of February 2015 07:15:25 PM
.... . The scrapping of the controversial in-store machines – which kept fresh food cool – came after former boss Sir Ken Morrison and critics of the company claimed the misty fruit and vegetables showed Morrisons had lost touch with its core northern customers. ...
Sir Ken: Morrisons boss Dalton Philips wasn't up to job image
Source : Independent [Read Article] Thursday 15th of January 2015 01:02:50 AM
. Sir Ken Morrison has welcomed the decision by new Morrisons chairman Andy Higginson to sack chief executive Dalton Philips, saying that the former boss was not qualified for the job. ...
Morrisons' Dalton Philips accused of 'butterfly thinking' image
Source : BBC [Read Article] Wednesday 14th of January 2015 10:51:55 AM
....It is not the first time that Mr Philips has been criticised in public by the company's old guard. At the shareholders' annual general meeting in 2014, the former chairman of Morrisons, Sir Ken Morrison, accused Mr Phillips and his directors of destroying the business he had inherited from his father, and demanded the chief executive's resignation. ...
Supermarket price wars claim 2,000 jobs as Big Four cut costs image
Source : Independent [Read Article] Wednesday 14th of January 2015 02:10:55 AM
....Since joining the supermarket in 2010, Mr Philips has been criticised for not moving fast enough in the early years to keep up with the changing industry, launching an online and convenience store offering only in the past two years and at considerable cost. Two profit warnings last year and a public mauling from life president Sir Ken Morrison at the company’s AGM sealed his fate. ...
Morrisons ousts Dalton Philips after Christmas sales drop image
Source : Telegraph [Read Article] Tuesday 13th of January 2015 07:22:24 AM
.... Mr Owen is not the first former Morrisons director to criticise the company. Former chief executive Sir Ken Morrison hit out at the board during last year's annual general meeting, referring to Mr Philip's strategy as "bulls**t. ...
Morrisons' profits hurt by supermarket price war image
Source : BBC [Read Article] Thursday 11th of September 2014 06:52:08 AM
.... . In June, the Morrisons chief executive Dalton Philips was blasted by the grocer's founder Sir Ken Morrison at its annual shareholder meeting for delivering what Sir Ken called a "disastrous" set of results. ...
Morrisons goes after 'dusk and dawn' shoppers image
Source : Telegraph [Read Article] Sunday 17th of August 2014 04:14:06 PM
.... . But he has been publicly lambasted by the company's founder Sir Ken Morrison, who decried the company's performance as "disastrous" and criticised the strategy as buls**t. ...
Source : Independent [Read Article] Wednesday 30th of July 2014 12:11:30 AM
.... . Their anger was encapsulated by Sir Ken Morrison, founder and life president, who stood up at the annual meeting and lambasted management’s strategy as “bullshit”. ...
MORNING MEETING: Morrisons' gain Poundland's Andrew Higson as next chairman image
Source : Daily Express [Read Article] Wednesday 30th of July 2014 12:01:00 AM
....Given the “undoubted challenges” referred to by Higginson when he takes on his new role, getting the chance to help kick-start the fortunes of one of the “big four” food retailers presents more upside potential than reputational risk. And he even has critical former boss Sir Ken Morrison licking his lips in anticipation. ...
Morrisons appoints Andrew Higginson as chairman image
Source : Guardian [Read Article] Tuesday 29th of July 2014 04:57:51 PM
.... It is also belatedly rolling out an online food offer, through a deal with Ocado, years after its main competitors entered the market. Philips was subjected to a humiliating dressing down at the firm's AGM in June when former boss Sir Ken Morrison described his turnaround strategy as "bullshit". ...
Morrisons names Andrew Higginson as next chairman image
Source : BBC [Read Article] Tuesday 29th of July 2014 11:42:26 AM
....Morrisons plunged to an annual loss of £176m for the year to 2 February and last month announced it was cutting 2,600 jobs as part of a drive to modernise the way its stores are managed. Its chief executive Dalton Philips was subjected to a humiliating dressing down at the firm's AGM in June when former boss Sir Ken Morrison compared his strategy with the manure produced by his cattle herd. ...
Morrisons to hire former Tesco finance director Andrew Higginson as chairman image
.... . The loss was revealed prior to the company’s AGM, which saw founder and life president Sir Ken Morrison blast the management team’s strategy as “bullsh**t”. ...
Retail veterans on shortlist to become new Morrisons chairman image
Source : Telegraph [Read Article] Saturday 26th of July 2014 06:43:26 PM
.... . Morrisons has been linked with a move for Mr Norman in the past, most notably in 2005 when a boardroom row broke out between Sir Ken Morrison and Sir David Jones as they tried to rescue the retailer following its acquisition of Safeway. ...
Shareholder revolts - timeline image
Source : Guardian [Read Article] Thursday 17th of July 2014 10:07:29 AM
....The former chairman of the supermarket chain tore into its boss, Dalton Philips, at Morrisons' AGM. In an extraordinary public tirade, which drew loud applause from hundreds of private shareholders, Sir Ken Morrison described Philips's strategy as bullshit and warned that the business founded by his father had been ruined. ...
Source : Independent [Read Article] Friday 11th of July 2014 07:10:24 PM
....Outliers can do what they like – until they stop outperforming. Sir Ken Morrison was no fan of non-executive directors until the abortive Safeway acquisition showed why his supermarket group needed better governance. ...
Nando's using secretive tax haven trust to avoid inheritance tax bills image
Source : Guardian [Read Article] Thursday 10th of July 2014 06:07:44 PM
....Documents seen by the Guardian, which reveal past and present offshore clients of wealth managers Kleinwort Benson, are being published simultaneously in the US by the non-profit news organisation ICIJ, reveal a variety of legal offshoring activities which we invited business magnates to explain. Those named with offshore links include the Rothermere family, owners of the Daily Mail; Sir Ken Morrison of supermarket fame; the Laura Ashley family; Sir Stelios Haji-Ioannou, the founder of easyJet; the inventor Sir James Dyson, the Malaysian tycoon Khoo Kay Peng; the software executive Martin Read; and the television boss Bruce Gyngell. ...
Lessons Sports Direct investors could learn from the plight of Morrisons image
. One is a blunt northern retail patriarch and the other a pile-it-high-sell-it-cheap southerner, but investors might do well to consider the similarities between Sir Ken Morrison, former supermarket boss, and Mike Ashley of Sports Direct. ...
Beware the wrath of shareholders image
Source : Independent [Read Article] Thursday 26th of June 2014 11:00:00 PM
....Morrisons. A long-standing critic of current Morrisons boss Dalton Philips, Sir Ken Morrison, who built up the supermarket, branded Mr Philips' strategy "bullshit" in a statement as fresh in the chief executive's mind as the manure in Morrison's bull field he was comparing the Irishman's turnaround plan to. ...
Morrisons chief says supermarkets must accept 'brutal reality' of change image
....". Philips, who admitted he was nervous about giving his speech after Morrisons founder Sir Ken Morrison recently criticised his strategy as "bullshit", is attempting to win back customers lost to discount chains such Aldi and Lidl by slashing prices. ...
Business leaders must take blame for losing popularity, says Sainsbury's boss image
....". King said he would never criticise his successor, Mike Coupe, in the way former Tesco boss Sir Terry Leahy and former Morrisons boss Sir Ken Morrison have done recently: "The day I go, I have to go," King said. ...
....Lord MacLaurin said he has no plans to attend Friday’s meeting to make his feelings known directly to Mr Clarke, meaning there are likely to be few supportive voices for the incumbent boss who has seen customers desert Tesco in droves. His no-show is at odds with the former chairman of rival Morrisons, Sir Ken Morrison, who called the supermarket’s current strategy “bullshit” at its meeting recently. ...
Morrisons slashes more prices by up to 41pc image
Source : Telegraph [Read Article] Sunday 22nd of June 2014 05:42:35 PM
.... . Sir Ken Morrison, the company’s founder, said that the job losses were “very disappointing” . ...
Morrisons announces another round of price cuts image
Source : BBC [Read Article] Sunday 22nd of June 2014 03:26:00 PM
....From Monday the price of 135 Morrisons products, including flour and oven chips, will fall by an average of 14%. Earlier this month Morrisons' former chairman Sir Ken Morrison criticised the performance of the current boss. ...
Inflation and interest rates go hand-in-hand image
Source : Telegraph [Read Article] Tuesday 17th of June 2014 07:59:51 PM
.... . Sir Ken Morrison – fresh from calling Morrisons strategy “bulls**t” earlier this month in an intervention that was bound to capture headlines, just as he hoped – was causing more problems for the company on Tuesday. ...
Morrisons to cut 2,600 management jobs in stores image
Source : Guardian [Read Article] Tuesday 17th of June 2014 05:17:00 PM
....The move, first revealed by the Guardian, is the result of trials of three possible slimmed-down management structures over the past year. Morrisons has come under fire from former chairman Sir Ken Morrison and his supporters over poor service in its stores, which they blame on cuts to the number of hours worked by store staff. ...
Morrisons plans to cut 2,600 management jobs image
Source : BBC [Read Article] Tuesday 17th of June 2014 05:10:31 PM
....Dalton Philips, Morrisons' chief executive, said the changes would "lead to simpler, smarter ways of working". The former chairman, Sir Ken Morrison, told the BBC that the announcement was "very disappointing" and that a more hands-on approach was needed. ...
Morrisons to slash 2,600 jobs in management overhaul image
Source : Independent [Read Article] Tuesday 17th of June 2014 02:02:57 PM
....Supermarket chain Morrisons will slash 2,600 jobs in a management overhaul as it attempts to revive its fading fortunes. Chief executive Dalton Philips, who faced severe criticism earlier this month from former boss Sir Ken Morrison, said the redundancies were part of plans to modernise the store management structure. ...
Sainsbury’s sales slide as Justin King prepares to bow out image
Source : Independent [Read Article] Wednesday 11th of June 2014 11:18:58 AM
....The outspoken chief executive has also promised to give Mr Coupe time to settle in to the role, vowing to keep his opinions of the business to himself, unlike some former bosses of other supermarkets. Last week, Sir Terry said he was disappointed with the current Tesco performance, while Sir Ken Morrison, the former boss of the Bradford-based supermarket, called the board's strategy "bullshit". ...
Now Ocado's grown up, it has a long way to go image
Source : Telegraph [Read Article] Saturday 7th of June 2014 07:45:40 PM
.... Supermarkets and their chief executives are far from flavour of the month right now. Whether its Sir Ken Morrison’s extraordinary tirade against Morrisons chief executive Dalton Philips at last week’s annual general meeting in Bradford, or continued questions about Tesco’s UK performance under chief executive Philip Clarke, the sector just can’t seem to get a break. ...
Ken Morrison should hold his tongue but former bosses rarely do image
Source : Guardian [Read Article] Friday 6th of June 2014 03:29:51 PM
.... He would then leave his staff and return to his female assistants, who actually were young, and pretty. On Thursday Sir Ken Morrison's message to his successors at the business that still bears his name was less supportive. ...
Government help for small business is once again too little, too late image
Source : Independent [Read Article] Friday 6th of June 2014 03:18:43 PM
.... Last year Lord MacLaurin did the honours at Tesco’s annual meeting, helpfully lamenting the legacy that Sir Terry Leahy had left the present boss Phil Clarke to wrestle with. It was Sir Ken Morrison’s turn in Bradford on Thursday, attacking the strategy of Dalton Philips, the man in charge of the eponymous supermarket that his father founded. ...
Veteran Morrisons founder hits out at the board: 'Your strategy is a load of bull' image
. Sir Ken Morrison and members of his family yesterday launched a sustained attack on the board of the struggling supermarket they once controlled and ran, in astonishing scenes at the company's shareholder meeting. ...
Every AGM needs a Ken Morrison image
Source : Guardian [Read Article] Thursday 5th of June 2014 08:31:36 PM
....Lord MacLaurin got the ball rolling at Tesco last year when he bemoaned Sir Terry Leahy's "sad legacy" in an attempt to defend current incumbent Philip Clarke. Now here comes Sir Ken Morrison telling Dalton Philips at Morrisons that he's talking "bullshit". ...
Morrisons' former chairman accuses management of ruining supermarket image
Source : Guardian [Read Article] Thursday 5th of June 2014 06:33:38 PM
....The former chairman of Morrisons has launched an extraordinary public tirade against the supermarket's leadership, describing the chief executive's strategy as "bullshit" and warning that the business founded by his father had been ruined. Sir Ken Morrison, 82, tore into Morrisons boss Dalton Philips in a scathing intervention at the retailer's annual general meeting. ...
'That's bullshit': Sir Ken Morrison blasts Morrisons boss Dalton Philips in tense AGM image
. Morrisons chief executive Dalton Philips was humiliated today as Sir Ken Morrison, former chairman of the grocer, dubbed his strategy "bulls**t". ...
Morrisons boss blasted by ex-chairman Sir Ken Morrison image
Source : BBC [Read Article] Thursday 5th of June 2014 12:31:01 PM
. The head of the struggling supermarket chain Morrisons has come under extraordinary public attack from its ex-chairman, Sir Ken Morrison, at its annual shareholders' meeting. ...
Sir Ken Morrison calls Morrisons strategy
Source : Telegraph [Read Article] Thursday 5th of June 2014 10:44:21 AM
. Sir Ken Morrison has publicly lambasted the management team at Morrisons, the supermarket chain he built, referring to their strategy as “bulls**t”. ...
Carphone Warehouse and Dixons: Is this a merger of equals or a signal blackout? image
....Shoppers have a keen eye for the price of ketchup in one supermarket and the contents of another's lasagnes. Two tumultuous acquisitions have defined the last decade of food retail: Sir Ken Morrison's pugnacious £3bn takeover of Safeway by his eponymous chain in 2004; and the Co-op's acquisition of Somerfield. ...
Morrisons 'heading for an iceberg', says former director image
Source : Telegraph [Read Article] Sunday 27th of April 2014 08:00:41 PM
. A former director at Wm Morrison who served under Sir Ken Morrison has warned the grocery retailer is a “supertanker heading towards an iceberg” and called for management to step aside. ...

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