Morrisons will now only release its interims in October, the FT reported.
At the same time Sir Ken Morrison, chairman, said accelerating sales declines in the Safeway business would leave profit at close to £125m.
Yesterday WM Morrison sold 10 Safeway stores to its larger rival Tesco with a book value of £87.6m – the supermarket chain needs to shed 10 more outlets to satisfy the Office of Fair Trading, which ruled at the time of its Safeway acquisition that it must sell 52 Safeway stores that are too close to its own.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements