Morrisons 'to raid property stock'

Updated
File photo dated 09/05/13 of Morrisons supermarket trolleys as Morrisons is reported to be planning an ?800 million raid on its property empire as it looks to buy time from the City after a poor Christmas. PRESS ASSOCIATION Photo. Issue date: Sunday January 12, 2014. See PA story CITY Morrisons. Photo credit should read: Joe Giddens/PA Wire
File photo dated 09/05/13 of Morrisons supermarket trolleys as Morrisons is reported to be planning an ?800 million raid on its property empire as it looks to buy time from the City after a poor Christmas. PRESS ASSOCIATION Photo. Issue date: Sunday January 12, 2014. See PA story CITY Morrisons. Photo credit should read: Joe Giddens/PA Wire

%VIRTUAL-SkimlinksPromo%Morrisons is reported to be planning an £800 million raid on its property empire as it looks to buy time from the City after a poor Christmas.

The supermarket, which last week revealed a worse-than-expected 5.6% decline in sales, is set to return some of the cash pile to shareholders through dividends or share buy-backs, the Sunday Times said.

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