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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
29/07/201509:00:06Morrison(Wm.)Supermarkets PLC Directorate Change
28/07/201510:38:44J Sainsbury Overtakes Asda to Become No. 2 UK Supermarket - Survey
28/07/201509:49:53UK Grocery Sales Down; Sainsbury's Leapfrogs Asda Into Second...
16/07/201508:15:03CMA Finds UK Supermarket Practices May Breach Consumer Laws
09/07/201509:00:04Morrison(Wm.)Supermarkets PLC Directorate Change
07/07/201515:55:25Morrison(Wm.)Supermarkets PLC Holding(s) in Company
02/07/201515:44:25Morrison(Wm.)Supermarkets PLC Directorate Change
01/07/201516:13:10Morrison(Wm.)Supermarkets PLC Change of Advisers
01/07/201508:13:41Morrison(Wm.)Supermarkets PLC Total Voting Rights
30/06/201510:30:09Wm Morrisons Sales Lifted by Online Shopping -- Survey
30/06/201510:07:25Morrisons Only Big Four UK Grocer To Grow Sales - Kantar
30/06/201509:42:05*Morrisons Market Share 11.0% Vs 10.9% - Kantar
30/06/201509:39:54*Supermarket Sales Decline 0.1% In 12 Wks - Kantar
30/06/201509:37:59*Asda Sales Down 3.5% In 12 Wks - Kantar
30/06/201509:37:27*Morrisons Sales Up 0.6% In 12 Wks - Kantar
24/06/201509:06:57IN THE KNOW: SocGen Says Sell Morrisons, Buy Sainsbury's, Hold...
08/06/201514:47:38IN THE KNOW: Morrisons Price Cuts To Pressure Sainbury's - Shore...
08/06/201510:53:55Wm Morrison Announces Further Product Price Cuts
05/06/201510:50:19Wm Morrison Hit By Shareholder Backlash Over Remuneration Report
05/06/201510:32:13Morrison(Wm.)Supermarkets PLC Result of AGM

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