Morrisons & Tesco

Morrisons: Morrisons suspended supply from Somerby Top Farm, awaiting Cranswick's investigation into the disturbing allegations.

Tesco: Tesco suspended supplies from Somerby Top Farm due to animal cruelty allegations, impacting its supply chain and public image.

Morrisons: Morrisons returned to profit for the first time since its 2021 private equity takeover, reporting a pre-tax profit of £2.1 billion, largely due to the sale of its petrol forecourts. However, it also cut over 3,600 jobs and closed 17 Morrisons Daily convenience stores and more than 50 in-store cafes as part of restructuring.

Tesco: Tesco implemented redundancies, eliminating 400 positions to simplify operations, reflecting a wider trend of cost-cutting in the supermarket sector.

Morrisons: Morrisons is applying reductions as soon as stores open and a final markdown in the evening on New Year's Eve, as it remains open on New Year's Day.

Tesco: Tesco is distributing a £134 million windfall to its employees through a save-as-you-earn share scheme, reflecting its strong share price performance and commitment to employee rewards.