The City roundup video: Will Morrisons appointment of David Potts help fend off Sir Ken?
Video: Alex Lawson provides a run-down of the day's major news from the City
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Don't miss out on the goings on in the business world, with our daily round-up of the biggest news from the City.
So Morrisons, or rather chairman Andy Higginson, has their man. David Potts has officially been named the struggling supermarket’s new boss, replacing Dalton Philips.
The 57-year-old Potts may be in this one for the short haul. Morrisons is a struggling company but not a fundamentally broken one. With some tinkering to its prices to compete with Aldi and Lidl and some further expansion in the south through small stores and online he can makes some easy wins pretty quickly.
In terms of the media focus, Potts’ experience, alongside Higginson’s, will help keep Sir Ken Morrison at bay. The man who ran the supermarket for 40 years was a harsh critic of previous incumbent Dalton Philips’.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments