Morrisons May Sell 10% Of Property Portfolio
date:Jan 14, 2014
sell some stores and lease them back, possibly raising 800 million.

Its coffers could also be swelled by a reduction in capital spending from 1.2 billion to 650 million a year as the industry's space race slows down.

Morrisons' chief executive Dalton Philips is to report on plans in March, after conducting a review whose findings will be of more intense interest after its recent struggles.

The Financial Times said that US hedge fund company Elliot Associates, who are stakeholders in the groc
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07/01 10:25