Applegreen racks up €128.5m losses in first 22 months after take-private
Forecourt retailers financing costs jump to €141.6 million
Source: irishtimes.com
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Applegreen pulls back from UK petrol stations sale
Forecourt operator was taken private last year in €718m deal
Source: irishtimes.com
Clonskeagh petrol station sells for €3.4m to private Irish investor
Applegreen occupies Clonskeagh Road outlet on 21-year lease at annual rent of €247,500
Source: irishtimes.com
City Snapshot: Morrisons' profits slump amid £290m of COVID costs
Morrisons has reported an 8.6% rise in annual sales and “strong momemtum” depsite a profits slump due to COVID costs, while John Lewis Partnership posts a £517m loss amid restructuring costs and writedowns.
Source: thegrocer.co.uk
Morrisons' profits slump amid £290m of COVID costs | News
Morrisons this morning reported end of year sales up 8.6% on a year ago, as CEO David Pott’s hailed the retailers “strong momentum” as it approaches the easing of lockdown. The results, compared to 0.8% sales fall a year ago, included total revenues up 0.4% to £17.6bn, despite profits being down by more than 60%, in part because of £290m of Covid related costs. Total revenue excluding fuel was up 8.9% as fuel sales slumped 32.1% to £2.49bn during the pandemic. Morrisons said online sales had tripled during the year, with capacity now up fivefold whilst both its online and wholesale o...
Source: thegrocer.co.uk