THE only surprise about the announcement of Dalton Philips’ departure as chief executive of Morrisons this week was that it took so long.
It is difficult to find anything positive to say about this most moribund member of Britain’s so-called ‘Big Four’ supermarkets.
The City clearly shares that view because its share price, which has been on the slide for 18 months - it was 300p in 2013 - rose 11p in the first hour of trading after the announcement that... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
