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Morrison profit rises, sees more mkt share gains

LONDON, Sept 11 (Reuters) - Wm Morrison Supermarkets met forecasts with a 19 percent rise in first-half profit and said it was well placed to continue taking market share as cash-strapped Britons flock to its budget-focused stores. Britain's fourth-biggest food retailer, which runs about 375 stores and has a market share of about 11 percent, said on Thursday it made profit before tax and one-off items of 295 million pounds ($521 million) in the 26 weeks to Aug. 3. Forecasts ranged from 284 million pounds to 305 million, with an average of 294 million, according to a Reuters poll of eight analysts. (Reporting by Mark Potter; Editing by David Holmes) ($1=.5666 Pound) Keywords: MORRISON/RESULTS tf.TFN-Europe_newsdesk@thomson.com ak COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.

Share News for Morrisons (MRW)
DateTimeHeadline
29/07/201410:42:47Aldi Market Share Rises to New Record; Catching up With Waitrose
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04/06/201408:52:23Tesco Posts Fall in First-Quarter Sales -- Update
03/06/201410:50:06UK Grocery Market Growing at Slowest Rate for 11 Years
03/06/201410:39:29UK Grocery Market Growing at Slowest Rate for 11 Years--Kantar
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21/05/201410:47:36LONDON MARKETS: U.K. Stocks Off For Third Day After Hawkish BOE...
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15/05/201414:35:01Asda Posts 0.1% Rise in First-Quarter Comparable Sales
07/05/201410:27:48British Grocery Market Growth Slowest in 11 Years

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