Morrisons re-band chain of Convenience stores

It said the buyer was a team led by the retail entrepreneur Mike Greene, funded by Greybull Capital.

The shops will be rebranded as "My Local". The 2,300 staff will be kept on, with an extra 200 jobs to be created by reopening 10 shops that are currently closed.

Morrisons announced a review of its convenience store business in March.

The announcement came as it reported an annual loss of £792m.

It now plans to concentrate on its core supermarkets business. It will keep five of its M local shops that are either on petrol forecourts or can be converted into small supermarkets.

Asda pledges to pay supplier 28per a litre

The chain says it will commit to paying 28p per litre for 100% of its liquid milk throughout its entire range.

It is less than the 30-32p farmers estimate it costs to produce each litre but the farming union welcomed it.

 

Asda's announcement comes after protests by dairy farmers at branches of Asda, Morrisons, Lidl and Aldi over the price they are paid for their milk.

Blacks fades to black as it plans to shutter all 59 stores in Canada by August

Blacks, a storied company that became synonymous with cameras, pictures and family albums, will shutter its 59 stores across the country by Aug. 8, its parent company Telus announced Tuesday.

The move will see about 485 employees lose their jobs, most of which are in Ontario.