Morrison (Wm) Supermarkets

MRW: 226.30 1.35 (▲0.60%)

Delayed:2016-12-12 14:56:22
Bid Price 226.20 High Price 226.90
Ask Price 226.30 Low Price 222.60
Open Price 224.70 Spread 0.04%
Prev Close 224.90 Volume 4,984,488.00

Morrison (Wm) Supermarkets Share Price Chart


Historic – 1 year

Morrison (Wm) Supermarkets Share Price Information

Name Morrison (Wm) Supermarkets Epic MRW
Sector Food & Drug Retailers ISIN GB0006043169
Activites Founded in 1899 by William Morrison, the company has grown from a single egg and butter stall in Bradford market to become the UK’s fourth largest supermarket chain. Currently employs more than 150,000 people working in stores, factories, distribution centres and head office functions. Security Type Equity

Key numbers

Latest Share Price (p) 226.25 Net Gearing (%) 54.36
Market Cap (£m) 5,254.73 Gross Gearing (%) 59.61
Shares in issue (m) 2,335.44 Debt Ratio 42.67
P/E Ratio 23.66 Debt-to-Equity Ratio 0.50
Divs per share (p) 5.00 Assets / Equity Ratio 2.48
Dividend Yield (%) 2.26 Price to book value 1.40
Dividend Cover 2.26 SROCE (%) 3.31
Earning per share (p) 9.51 EPS Growth (%) 129.14
52-week high / low (p) 236.15 / 138.60 DPS Growth (%) -63.37

Morrison (Wm) Supermarkets Broker Views

Date Broker Rec. Price Old target price New target price Notes
18 Nov Macquarie Neutral 226.30 190.00 190.00 Retains
16 Nov Macquarie Neutral 226.30 190.00 190.00 Retains
16 Nov Barclays Capital Underweight 226.30 190.00 190.00 Reiterates
04 Nov Goldman Sachs Sell 226.30 180.00 180.00 Reiterates
02 Nov Societe Generale Sell 226.30 170.00 170.00 Reiterates

Morrison (Wm) Supermarkets Director Deals

Morrison (Wm) Supermarkets Company News

Morrisons to pilot convenience food offer

Morrisons is to pilot a convenience food offer in ten petrol station shops owned and managed by leading forecourt operator, Rontec.

Four Morrisons Daily shops will open before Christmas and a further six in January. They will be up to 3,000 sq ft in size, and will sell branded and Morrisons own brand products.

Morrisons Daily shops will be supplied by Morrisons via delivered wholesaler specialist, Palmer & Harvey.

Morrisons is already trialling a convenience offer with another forecourt operator, Motor Fuel Group.

In addition, Morrisons is pleased to announce it is developing a range of hundreds of convenience products for wholesale to independent retailers, branded Safeway. The range will be available from early next year.

The UK convenience market is very broad and diverse, with around three-quarters held by independents.

The re-introduction of the Safeway brand will enable Morrisons to leverage its sourcing and unique food maker skills to give independent retailers’ customers access to great quality products.

At 9:18am: (LON:MRW) Morrison Wm Supermarkets PLC share price was +2.25p at 220.35p

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FTSE tiptoes lower on property, pharmas

London stocks tiptoed lower in early deals on a string of house builders, commercial property, pharmas and retail-related outfits heading south.

Soon after the open, FTSE 100 was down 5.96 points, or 0.09%, to 6786.78. FTSE 250 was down 1.85 points, or 0.01%, to 17,571.2.

At 8.30am, WTI crude was down 0.44% to $45.61/bbl and Brent was down 0.38% to $46.77/bbl. Gold was up 0.21% to $1227.1/oz.

Hikma (HIK) guided the blue-chip losers as it fell 2.29% to 1683.5, with Shire (SHP) down 1.41% to 4784p and Astrazeneca (AZN) lower 0.97% to 4319.25p.

Barratt Developments (BDEV), down 1.71% to 474.65p, said its total forward sales fell 4.3% to £2.65bn at Nov. 13. Fellow house builder Persimmon (PSN) fell 1.15% to 1718p. More chased.

British Land (BLND) led commercial property south as it fell 0.66% to 602.5p after reporting H1 underlying pretax profits rose 16.4% to £199m, driven by like-for-like income growth.

Overall, risers and fallers were roughly evenly split. Tesco (TSCO) fell 0.69% to 215.5p to lead supermarkets up, while Burberry (BRBY) led high-street retail as it rose 0.81% to 1401.5p.

Morrisons (MRW), up 0.97% to 224.05p, has launched Morrisons at Amazon. Amazon Prime customers in selected areas could order a full Morrisons shop online via the Prime Now app.

Severn Trent Water’s (SVT), up 2.29% to 2188p, planned acquisition of and Dee Valley Group has been recommended. The acquisition values Dee Valley’s issued share capital at about £78.5m.

Finally, Rolls-Royce (RR.) fell 0.3% to 752.25p on making steady progress in 2016 to date and stating it remains comfortable that its expectations for profit and free cash flow remain achievable.


Petro Matad (MATD), up 31.4% to 3.98p, has significantly upgraded its prospective basin portfolio. Current data coverage in the company’s acreage has revealed 12 basins and this is likely to increase. It said there is excellent potential for discovering material hydrocarbon volumes in the Company’s acreage.

LightwaveRF (LWRF), down 21.43% to 16.5p, has raised £1m before expenses via a subscription of 7.7m new shares at 13p a share. Speedy Hire (SDY), up 15.32% to 42.38p, has booked an H1 pretax profit £5.4m, from a year-ago loss of £13.5m. Revenue had improved. Interim dividend rose to 0.33p, from 0.3p.

Trinity Capital (TRC) rose 20% to 4.5p as it said subsidiary Trinity Capital Mauritius Ltd completed the realisation of its investments in Trinity Capital (One) Ltd and Trinity Capital (Five) Ltd for proceeds of £8.7m.


Flowgroup (FLOW), down 12.9% to 10.12p, said the previously announced reduction in microCHP production has inevitably had a corresponding effect on expectations for turnover. Directors expect the other key metrics of EBITDA and cash for the financial year ending December 2016 to be in line with market views.

Koovs (KOOV), down 7.94% to 58p, has announced a strategic investment from the Times of India Group (£3.9m) as part of a further £10.9m of new funding, and up to an additional £2m via broker option. This capital raise is part of the final tranche of the company’s three-year investment programme to raise about £35m.

Sirius Petroleum (SRSP), up 11.11% to 0.5p, has entered into a key vendor financed offshore drilling contract with COSL Drilling Pan-Pacific Ltd for the provision of a high specification jack-up rig that will be utilised by the Company to drill a multi well campaign as part of its shallow offshore development strategy in Nigeria, commencing in the first half of 2017.

Tiziana Life Sciences (TILS), up 9.92% to 192.63p, announces new data from animal studies demonstrating the potential of its novel oral therapy with foralumab (NI-0401) for NASH, diabetes and other life-threatening inflammatory diseases.

Fenner (FENR), up 7.42% to 253.25p, said its FY revenues fell to £572.5m, from £666.7m. Pretax loss was £30.3m, up from £5.3m. It said the current year is anticipated to be modestly ahead of previous expectations in addition to currency benefit.

Georgian Mining Corporation (GEO), up 6.06% to 8.75p, has raised £2.6m at 8p a share. Net proceeds would be used to facilitate its strategy to deliver an initial resource of 3m-5m tonnes of open pit copper-gold sulphide mineralisation at the Kvemo Bolnisi Copper-Gold Project in Georgia together with gold oxide mineralisation that has been reported previously.

Tungsten Corporation (TUNG), up 3.76% to 55.25p, said all regulatory approvals from the Prudential Regulation Authority and Financial Conduct Authority required for the change in control of Tungsten Bank have been received.

ICAP (IAP), down 2.63% to 518.5p, reports a resilient first half performance despite ongoing market headwinds. Its continuing trading pretax profit of £51m was 7% down on the year mainly due to a rise in net finance costs.

Other stocks in the news included Forterra (FORT), Savannah Resources (SAV), Cranswick (CWK), Circle Oil (COP), Aggreko (AGK), Morrisons (MRW), Horizon Discovery (HZD), DiamondCorp (DCP), Mercia Technologies (MERC), Greencore (GNC), Sunrise Resources (SRES), VinaLand Ltd (VNL), Providence Resources (PVR) and Bezant Resources (BZT).

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Morrisons launches Store Pick Service

Morrisons has announced the launch of Morrisons at Amazon.

From today, Amazon Prime customers in selected areas could order a full Morrisons shop online via the Prime Now app.

Orders would be picked at a local Morrisons store and delivered same day by Amazon either within one hour for £6.99 or in a two-hour slot for free. The service will launch in selected postcodes in London and Hertfordshire.

This new initiative broadens the Morrisons wholesale supply services available to Amazon customers. Morrisons wholesale supply to Amazon launched in June and has started well. It has been extended to thousands of Morrisons products.

These initiatives are capital light for Morrisons and, although still in their early stages, will contribute to the £50m-£100m incremental profit opportunity we outlined at the 2015/16 Preliminary results.

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FLASH: Morrisons launches Store Pick Service

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High Court decision sparks sterling rally

The FTSE 100 was stuck in the red following the High Court’s decision that Parliament must vote on whether the UK government can trigger Article 50 and start the process of leaving the EU.

The FTSE 250 climbed 0.7% to 17,581 as sterling rallied over 1% against both the US dollar and euro in response to the news.

Inflation is expected to reach 2.7% next year, up from 1%, according to the Bank of England. Economic growth forecasts have been raised from 0.8% to 1.4% for next year.

West Texas Intermediate (WTI) crude oil slumped 1.5% to $44.64 and Brent crude oil fell 1.2% to $46.28 per barrel, respectively.

Gold cheapened 0.6% to $1,298 per ounce and copper rose 0.7% to $4,938 per tonne.

Non-farm business sector labour productivity rose by 3.1% annual rate during the third quarter of 2016, according to the US Bureau of Labor Statistics.


Supermarket Morrisons (MRW) made fresh gains on its fourth consecutive quarter of growth, which was helped by its biggest ever Halloween.

Randgold Resources (RRS) disappointed investors as its latest results failed to meet expectations, although the company did show some signs of recovery after a difficult second quarter.


Satellites operator Inmarsat (ISAT) was among the biggest risers as the stock jumped 10.3% to 805.5p on impressive third quarter results. The group reported an increase in revenue following strong performances in the government and aviation divisions, but a drop in pre-tax profit.

Shares in insurer Esure (ESUR) plummeted 26% to 196p, as the market priced in the demerger of its (GOCO) business, which was spun-out into a separate quoted company.

Sugar maker Tate & Lyle (TATE) sweetened 3.8% as adjusted full-year pre-tax profit is expected to be higher than anticipated due to a strong first-half performance.

Retail bank Shawbrook (SHAW) reported new loans increased by 23% to £1.5bn in the third quarter.

Kitchen supplier Howden Joinery (HWDN) slumped 5.7% despite its total revenue rising by 4.1% in the second half to 29 October in tougher conditions and softer trading.


Engineering recruitment agency Gattaca (GATC) reported a slowdown in trading in the UK with group NFI in the first quarter of 2017 forecast to be 3% lower compared to the first quarter of 2016. Shares fell 14.5% to 292p.

Shares in digital distribution services provider Zoo Digital (ZOO) soared 12.5% on strong interim results, which revealed pre-tax profit more than doubled from $0.3m to $0.7m.

Sirius Minerals (SXX) raised £370m through a firm placing in connection with its stage one financing requirements to begin construction of its North Yorkshire polyhalite project.

Gold miner Xtract Resources (XTR) hit the skids after securing expensive-looking new funding arrangements, including a new shares subscription and an equity swap deal.

Energy firm Plutus Powergen (PPG) was in demand after securing its first UK power generation site in the UK. The deal sparked an 8% rally in the share price to 1.62p.

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