Dealers' Double Worry has Wm Morrison On Sell List ; Market Report
Evening Standard - London › September 06, 2004
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Summary
TRADERS sold down shares in troubled supermarkets chain Wm Morrison today on worries another profit warning could be on the way and amid more gloomy news about the headache it is having integrating Safeway.
Morrison, which issued its first profit warning in 37 years in July, was off 1p at 1881/2p following reports it does not expect margins to recover fully for four years - three more than expected - in the wake of its Pounds 3 billion acquisition of Safeway.See the full content of this document
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Dealers' Double Worry has Wm Morrison On Sell List ; Market Report
The FTSE 100 index was up 9.9 points at 4560.7 although, with Wall Street closed for the Labor Day holiday, volume was expected to remain thin....
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