Morrisons’ interim results: past year’s challenges
Analysts voice concern
Morrisons’ financial prospects gave “cause for concern” a city analyst warned ahead of the firm revealing its full-year results in March.
Panmure Gordon warned about the retailer’s lacklustre prospects, after concerns expressed about Morrisons and Tesco by Shore Capital last month.
Graham Jones, Panmure Gordon’s executive director of equity research, said that after “a truly awful” Christmas period, “we don’t think the new year will be looking much brighter”.