
Morrisons reports revenue of £14.9bn in trading report
UK retailer Morrisons has released a trading update, detailing trading for the 52 weeks ending 29th October 2023.
UK retailer Morrisons has released a trading update, detailing trading for the 52 weeks ending 29th October 2023.
Rami Baitiéh has been appointed as the new chief executive of Morrisons. He will succeed David Potts, the Morrisons CEO for the previous nine years.
Morrisons has plans for a three-year £700 million cost savings programme to keep prices down and engage and retain consumers.
City sources suggest that Jason Tarry, currently CEO for UK and Ireland at Tesco could replace Morrisons’ David Potts.
Morrisons has announced that its new investment in a Scottish recycling plant will help the company meet its goal of recycling and reusing the equivalent amount of plastic it puts on to the market.