Morrison (Wm.) Supermarkets Plc issues a trading update

  • Jan 07, 2020 GMT
  • Team Kalkine
  • For the 22 weeks to 5 January 2020, like for like sales were down 1.7%, excluding fuel sales
  • For the third quarter of FY2020, from 5th August to 3rd November 2019, like for like sales excluding fuel were down 1.2%
  • Trading conditions remained challenging and customer uncertainty was ongoing.
  • The company sold its Camden store and eight acres adjacent site to Berkeley Group for a total consideration of £120m
  • On 7th January 2020, at the time of writing, GMT 09:45 AM, MRW shares were trading at GBX 198.20, up by 5.75 points or 2.99% against the previous day closing price.

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