date:Jan 14, 2014
Morrisons is reported to be considering selling off up to 10% of its properties to appease shareholders after bad tidings over Christmas trading.
The supermarket, which last week revealed a worse-than-expected 5.6% decline in sales, is set to return some of the cash pile to shareholders through dividends or share buy-backs, the Sunday Times said.
Morrisons' property empire is valued at 9 billion but as 90% is freehold owned, higher than the industry norm of 60%, there is room for the chain to