leadf
logo-loader
viewWM Morrison Supermarkets PLC

Morrisons to reinstate rationing on most popular items

The supermarket chain is imposing a purchase limit of three on certain products, such as toilet roll and disinfectant

WM Morrison Supermarkets PLC - Morrisons to reinstate rationing on most popular items

WM Morrison Supermarkets PLC (LON:MRW) is the first large grocer to resume rationing on the most commonly bought items, similar to lockdown measures to prevent people from stockpiling.

The supermarket chain is imposing a purchase limit of three on certain products, such as toilet roll and disinfectant, The Guardian reported.

READ: Morrisons cuts prices on hundreds of products after Walmart Inc’s Asda launches discount campaign

The firm also announced a 5% discount for those who opt for a subscription service on pre-prepared food boxes to be delivered at home.

Earlier this week, Aldi UK’s chief executive Giles Hurley reassured customers there is no need to stockpile, while Tesco’s boss Dave Lewis stressed there is no disruption on supply chains.

Shares dropped 3% to 174.5p at close.

Quick facts: WM Morrison Supermarkets PLC

Price: 170.45 GBX

LSE:MRW
Market: LSE
Market Cap: £4.11 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Ferro-Alloy Resources 'extremely active' after first commercial sale of...

Ferro-Alloy Resources Ltd's (LON:FAR) Nick Bridgen talks to Proactive London about their first commercial production and sale of calcium molybdate. Bridgen explains what the product is used for, the production of ferromolybdenum, molybdenum-containing alloys, ceramics and direct alloying of...

1 hour, 10 minutes ago

2 min read