Somerfield Takeover Talks Still Going On As Profits Rise by 63

Daily PostJuly 07, 2005

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Summary


SUPERMARKET group Somerfield unveiled a 63% rise in profits yesterday as it said discussions with potential takeover parties had reached an 'advanced stage'.

The improved annual performance came after the Bristol-based company embarked on its biggest programme of refits and added new sites as part of a drive to capture more of the market for convenience store shopping.

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Somerfield Takeover Talks Still Going On As Profits Rise by 63

It described current trading conditions as ch...

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