[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated: Sunday, 26 June, 2005, 13:10 GMT 14:10 UK
Norman denies link with Morrisons
Archie Norman
Mr Norman was a great success as Asda boss
Former Asda boss Archie Norman has said he has no plans to join the board of struggling supermarket Morrisons.

Mr Norman was responding to speculation that Morrisons deputy chairman David Jones wants to entice him to join.

He told the Observer that he had not been approached by Morrisons and would not want a job there anyway.

Mr Norman did, however, confirm the speculation of a boardroom spat between Morrisons' chairman Sir Ken Morrison and deputy chairman David Jones.

"I have no intention of becoming involved in a dispute between two people [Sir Ken and Mr Jones] whom I like and respect," said Mr Norman.

The former Conservative MP stood down from his seat in Tunbridge Wells at the last election.

Lower profits

Rumours of a feud between Sir Ken and Mr Jones have grown at the same time as the company has issued no less than five profit warnings since buying Safeway in 2004.

Morrisons chairman Sir Ken Morrison
Sir Ken Morrison is thought not to get on with his deputy David Jones

As Morrisons has struggled to merge the two companies, Sir Ken and Mr Jones are said to have clashed over the best way forward.

Earlier this month the supermarket appointed three non-executive directors to its board, after pressure from investors for more accountability.

Mr Jones was said to have shared the investors' call.

The new non-executive directors are Brian Flanagan, who worked for Mars for 26 years, Susan Murray, a former chief executive of Littlewoods Stores, and Nigel Robertson, who helped establish Ocado - an internet-based grocery shopping operation in partnership with John Lewis' Waitrose.

On 8 June Morrisons forecast annual profits of between 50m and 150m - well below expectations.

Analysts had been expecting profits of between 225m and 275m.

Morrisons unveils board overhaul
21 Jun 05 |  Business
Morrisons warns again on profits
08 Jun 05 |  Business
Morrisons boss survives rebellion
26 May 05 |  Business
Rocky times for Sir Ken
26 May 05 |  Business
Morrisons in fresh profit alert
13 May 05 |  Business
Morrisons' finance chief to quit
23 Mar 05 |  Business
Morrisons issues profit warning
17 Mar 05 |  Business

The BBC is not responsible for the content of external internet sites


News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia
UK | Business | Entertainment | Science/Nature | Technology | Health
Have Your Say | In Pictures | Week at a Glance | Country Profiles | In Depth | Programmes
Americas Africa Europe Middle East South Asia Asia Pacific