Results 

Another special for Morrisons' investors

Another special for Morrisons' investors

Despite what Shore Capital analysts called "a more than satisfactory" financial outcome for the year ended 3 February 2019, Morrisons (MRW) shares were flat on the release of these results. Perhaps that's because a lot of positives were covered in the November third-quarter update. In the event, adjusted pre-tax profits of £406m were marginally shy of Shore Capital’s forecast, although it still represents a creditable outcome, with growth in wholesale sales particularly encouraging.

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