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Morrisons share price: Law firm lodges equal pay claim against grocer

Alice Young
  • November 13th, 14:50
  • Last Updated: October 21st, 15:12

A law firm, which is taking on the UK’s ‘Big Four’ grocers over allegations of unequal pay, has  lodged its first batch of claims against Wm Morrison Supermarkets (LON:MRW), City A.M. has revealed. In a separate development, Kantar Worldpanel revealed that Morrisons had achieved its 25th consecutive period of sales growth in the 12 weeks to November 4.

Morrisons’ share price has slipped into the red in today’s session, having given up 0.48 percent to 249.90p as of 14:40 GMT. The stock is underperforming the broader UK market, with the benchmark FTSE 100 index currently standing 0.08 percent lower at 7,047.73 points.

Law firm lodges claim against Morrisons

City A.M. reported today that law firm Leigh Day had lodged its first batch of claims against Morrisons in the Employment Tribunal today. The law firm is also taking on Asda and FTSE 100 peers Tesco (LON:TSCO) and Sainsbury’s (LON:SBRY) on behalf of female members of staff who believe they are paid less than their male colleagues in distribution centres.

The newswire nots that about 1,000 enquiries have been made regarding the claim, which could land Morrisons with a bill in excess of £1 billion, if the estimated 80,000 store staff join the action.

Latest Kantar Worldpanel data

In other Morrisons news, Kantar Worldpanel said in a statement today that the blue-chip grocer had achieved its 25th consecutive period of growth in the 12 weeks to November 4, with sales up 1.5 percent.

“In line with its competitors Morrisons is making fewer sales overall through promotions though it has been steadily increasing the number of products sold through multi-buy deals since May,” Fraser McKevitt, head of retail and consumer insight at Kantar, commented in the statement, adding that the grocer’s “market share has fallen slightly, down 0.1 percentage points to 10.3 percent”.

As of 14:53 GMT, Tuesday, 13 November, Wm. Morrison Supermarkets plc share price is 250.02p.

About the author

Alice Young
Alice joined the Invezz team after motherhood convinced her to make a career change from actuary-ing. She brings a forensic eye for detail developed through crunching numbers on underwriting satellite insurance and the like.

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