|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's range||0.0000 - 0.0000|
|Beta (5Y monthly)||1.09|
|PE ratio (TTM)||N/A|
|Earnings date||12 Jan 2023 - 16 Jan 2023|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||08 Aug 2019|
|1y target est||N/A|
Supermarket giant to buy struggling convenience store chain which went into administration on Friday
The convenience chain fell into administration on Friday, plunging the future of its 1,160 shops and 16,000 staff into doubt.
British supermarket group Morrisons has bought convenience store chain McColl's out of administration, it said on Monday. Morrisons, which has a wholesale supply deal with McColl's, said it will acquire all of it 1,160 stores which include 270 Morrisons Daily format stores. All McColl’s 16,000 staff will be transferred with the McColl’s business to Morrisons, while McColl's two pension schemes will be taken on by the supermarket chain.