Somerfield has sold freehold land at Lea Green, St Helens, to Prudential Assurance for 37.6m [pounds sterling] and committed to a leaseback of the property. Somerfield is building a new distribution centre on the 56,996 sq m site due to open in July 2003.
LONDON AFP — Supermarket chain Somerfield agreed to a takeover bid from a consortium comprising Barclays Capital, investment fund group Apax Partners and the Iranian tycoon Robert Tchenguiz. "Subject to finalising financing, agreement has been reached on the terms of a recommended cash offer for Somerfield at a price...
SAN RAMON, Calif. -- ChevronTexaco Global Marketing today announced that Texaco Limited, a U.K. subsidiary of ChevronTexaco Corp. and Somerfield plc, the fifth largest food retailer in the United Kingdom, have reached an agreement on the sale of 118 Texaco-owned service stations in the United Kingdom to Somerfield. A Memorandum...
John Lovering looks certain to make another bid for Somerfield after appointing Morgan Stanley as a second adviser to Bridgewell. A spokesman for Lovering's consortium said Morgan Stanley would also help with funding should a bid for Somerfield get off the ground. Lovering's consortium made a 103p bid for...
The supermarket group Somerfield have chosen Volvo to supply 134 trucks, with further orders yet to be confirmed. This deal sees the Bristol-based company ... The supermarket group Somerfield have chosen Volvo to supply 134 trucks, with further orders yet to be confirmed. This deal sees...
NEW YORK -- Manugistics Group Inc. (NASDAQ:MANU), a leading global provider of synchronized supply chain and revenue management solutions, today announced it is implementing Manugistics pricing solutions at Somerfield Group Plc, the UK supermarket chain.
After the horrors of war, the City returned last week to its more gentle pastimes of insider dealing and takeover tussles. Markets may be depressed, but that has not stopped many deciding the time is now right to seek out acquisitions before recovery pushes up prices. With...
United Co-operatives' surprise decision to pull out of the race for Somerfield--just seven weeks after its equally surprising decision to approach the board with a possible offer--has been put down to general jitters over the retail sector and fear that, like Morrisons and Safeway, it might be biting off more...
JOHN LOVERING, the retail entrepreneur, appeared to increase the pressure on Somerfield yesterday when he appointed Morgan Stanley as a second financial adviser on his pounds 510m bid approach for the supermarket group. It is understood the bank will also back the bid with its own finance, joining HBOS as...
UK supermarket chain Somerfield has appointed Gordon Wotherspoon, a former managing director of rival Safeway's property and development unit, as its group property director. Current group property director Terry Atkinson and group human resources director Kathryn Brown are both leaving Somerfield.
AFTER THE setback Somerfield shareholders endured last month following a less than impressive AGM statement from management, there were some reassuring words yesterday from analysts at ABN Amro. They met Somerfield's executive chairman, John von Spreckelsen, on Thursday and came away upbeat ahead of the half year-end on 17 November....
SAN RAMON, California, April 29 /PRNewswire/ -- ChevronTexaco Global Marketing today announced that Texaco Limited, a U.K. subsidiary of ChevronTexaco Corp., and Somerfield plc, the fifth largest food retailer in the United Kingdom, have reached SAN RAMON, California, April 29 /PRNewswire/...
Two giants of the retail world have lambasted both Wm Morrison's and J Sainsbury's bids for Safeway. David Simons is currently chairman of Littlewoods but is perhaps best-known for the messy merger of Somerfield, where he was chief executive, and Kwi Two giants of the retail...
SAN FRANCISCO -- VERITAS Software Corporation (Nasdaq:VRTS) today announced that Somerfield Group, CalAmp Corp. and the City of Oceanside, Calif. rely on VERITAS Enterprise VaultTM e-mail and content archiving software to protect critical business records, improve employee productivity and achieve compliance with industry regulations and laws governing the retention and...
Somerfield scheme gets our vote ... Sir; I read with interest the story on Somerfield's plans to supply village stores and the trial at our store in Ickford, Buckinghamshire (The Grocer, March 18). What was clearly missing, however, was a view from the village. Village stores and post...
THE INDEPENDENT ON SUNDAY Somerfield is considering selling off its stores in a move to become a home-delivery specialist. The troubled supermarket group already has 80,000 home-delivery customers ordering by telephone or Internet, and its executives have privately targetted a 5 per cent share of the home-delivery...
Supermarket chains have come under fire from environmental pressure group Greenpeace for misleading the public over their claims about selling foods that are free of GM ingredients. Iceland and M&S are the only two companies to be given a green bill of health. But Greenpeace says Asda, Sainsbury,...
Waitrose reports `huge increase in interest in beef that is different' Primary producers of beef and lamb are getting their act together and shortening lines of communication with their customers. Producer groups reflecting either breed or regional branding are the order of the day with the recent Waitrose...
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