WM Morrison Supermarkets PLC (MRW.L)
24 Feb 2017
* As at expiration deadline, co had received valid tenders for 64.95 million stg in aggregate nominal amount of 2018 notes
* Announces tender offers for (i) safeway limited's outstanding £200,000,000 6.125 per cent. Notes due 2018
Britain's three quoted major supermarkets are expected to report this week that they enjoyed solid Christmas trading, though investor concern about a potential squeeze on consumer spending in 2017 means the focus is on their outlooks.
LONDON Morrisons , Britain's No.4 supermarket group, reported better than expected results on Thursday as shoppers returned to its stores, suggesting a recovery under new management is gaining momentum and sending its shares sharply higher.