City sources have warned that Morrisons is 'completely off colour.' Analyst Jonathan Pritchard at stockbroker Oriel said the City was yet to wake up to the prospect that Morrisons would most likely report a decline in profits for the full year to January. Downgrades to the stock are expected in the coming weeks.
Pritchard added: "The profits pool for the supermarket industry is going to shrink. Life will be very hard unless you can find a way to take market share from other retailers."
A reliance on discounting is failing to have the desired, long term effects.
"Bribing people to come into stores only works if lapsed shoppers arrive to find things have changed for the better," said one source.
Morrisons last month said sales fell for the first time since the departure of founder Sir Ken Morrison.
Morrisons has set about accelerating its strategy to improve stores, but has faced criticism that it may have gone too far upmarket for some of its shoppers.
Chief executive Dalton Philips said in January that this year would be characterised by "very low like-for-like sales" growth.
Source: thisismoney.co.uk
Publication date: 6/11/2012
Source: www.freshplaza.com
Scam at Morrisons car park - Newham Recorder 24
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Kent Police backs drive to protect vulnerable adults - Kent News
Police
Monday, June 11, 2012
11:59 AM
Public awareness events being held in Medway as part of Safeguarding Vulnerable Adults week
The county’s force is backing an awareness campaign aiming to protect vulnerable adults.
The drive forms part of Safeguarding Vulnerable Adults week, which runs from today until June 15, with a number of drop-in events being held.
Kent Police said the campaign shines a spotlight on the abuse that elderly or those with a disability can be subjected to.
Police officers will be taking part in local events with other Kent-based agencies such as NHS, Trading Standards, Kent Fire and Rescue Service and Medway and Kent County Councils.
In Medway, there will be a public awareness stand offering advice and information on:
June 11 at Gillingham Market, 9am to 4.30pm
June 12 at Strood Market, 9am to 3pm
June 13 at Pentagon Shopping Centre, Chatham, 9am to 5pm
June 14 at Rochester Hub, 9am to 3pm
June 15 at Rainham Shopping Centre, 9am to 4pm
Detective Superintendent Tim Smith of Kent Police said: “Abuse can take many forms and it can be difficult to identify abuse is taking place unless there are obvious outward physical signs.
“For example, the elderly and those who have mental disabilities can often be subject to financial abuse if others gain access to their bank details or exploit a loss of memory.
“Abuse may also take the form of neglect and not providing for a vulnerable person’s basic living needs.
“Safeguarding Vulnerable Adults Week intends to combat and prevent such abuse by giving carers and those who are themselves at risk the tools to spot signs of abuse and how to act on them once identified.
“This is an invaluable opportunity to work with local partners to highlight an important section of the community who depend on our joint services to protect them. Together, we hope to reduce the threat of abuse towards all vulnerable adults in Kent.”
Source: www.kentnews.co.uk
Kent County Cricket Club move Freinds Life t20 game from Nevill Ground to St Lawrence - Kent Online
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Heavy rain has disrupted much of the Tunbridge Wells Festival Picture: Barry Goodwin
Kent have moved Tuesday evening's Friends Life t20 match against Sussex Sharks to the St Lawrence Ground after flash flooding in Tunbridge Wells.
The match, which was due to take place at The Nevill Ground, will now be played under floodlights in Canterbury with a start time of 7pm.
Kent's chief executive, Jamie Clifford, said heavy rain on Sunday night had forced the club into action, leaving a return to Canterbury the only decision possible for the start of the T20 competition.
He said: "There is no way we could have got anything on at Tunbridge Wells at all. I would have been surprised if you could get any play on that wicket for 10 days.
"What a sorry way to celebrate your 100th festival but in the end you have to just accept it, there is nothing you can do. It's been horrific and pretty costly too and I feel sorry for the supporters who have had their plans disrupted.
"It's the opening game of the competition and it's against Sussex so hopefully there will still be a good crowd."
With the majority of the Tunbridge Wells Festival wiped out by rain, the county are looking at losses of about £50,000 for what is usually a profitable week. It could have been worse had a wicket not been prepared for today's scheduled Varsity matches between University of Kent and Canterbury Christ Church - now postponed due to the weather.
Mr Clifford explained: "Given that we had no games at Canterbury until the end of June, we could have been high and dry with no wicket prepared here and struggling, so we were very lucky there was a Varsity game originally planned."
- Anyone with tickets for the match and are unable to travel to Canterbury tomorrow, can send their tickets with name and address to Kent County Cricket Club, St Lawrence Ground, Canterbury, Kent CT1 3NZ. Kent are also offering full refunds for those that can't attend, while advance ticket prices of £20 for adults and £5 juniors will be available on the gate.
Monday, June 11 2012
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Source: www.kentonline.co.uk
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