Wm. Morrison Supermarkets plc

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  • 196.65p
  • -0.60p (-0.30%)

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About Wm. Morrison Supermarkets plc

Wm. Morrison Supermarkets plc (LON:MRW), usually referred to and branded as Morrisons, is a UK supermarket chain headquartered in Bradford, West Yorkshire, England.
By market share (11.3 percent as of August, 2013), Morrisons ranks as the fourth largest retailer in the UK behind Tesco, Asda and Sainsbury's.
The company's subsidiaries include Farmers Boy Limited, a manufacturer and distributor of food products; Neerock Limited, a meat processor; Wm Morrison Produce Limited, which produces packaging; Safeway Limited, a holding company, and Optimisation Developments Limited, which is engaged in property development.
Morrisons acquired the trade and assets of kiddicare.com Limited (Kiddicare), a multi-channel online retailer, in February 2011 and a 10 percent stake in FreshDirect, an online grocer that delivers to residences and offices in the New York City metropolitan area, in March of the same year.
Around half of Morrisons' stores have petrol filling stations. The company's fresh food manufacturing and processing operations allow it to market a number of own label brands.
Until 2004 Morrisons' stores were concentrated in the north of England but the company now has around 504 stores including 16 M Local Stores across the UK.
Morrisons was founded in 1899 by William Morrison, where the Wm Morrison abbreviation comes from, as an egg and butter stall in Rawson Market, Bradford, England. The Morrison family currently owns around 15.5 percent of the company.
Morrisons is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. Its shares are also traded over-the counter.

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