Advertisement
UK markets closed

  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     

  • FTSE 250

    19,824.16
    +222.18 (+1.13%)
     

  • AIM

    755.28
    +2.16 (+0.29%)
     

  • GBP/EUR

    1.1679
    +0.0023 (+0.19%)
     

  • GBP/USD

    1.2498
    -0.0013 (-0.10%)
     

  • Bitcoin GBP

    51,167.32
    -776.46 (-1.49%)
     

  • CMC Crypto 200

    1,330.94
    -65.59 (-4.70%)
     

  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     

  • DOW

    38,239.66
    +153.86 (+0.40%)
     

  • CRUDE OIL

    83.65
    +0.08 (+0.10%)
     

  • GOLD FUTURES

    2,351.60
    +9.10 (+0.39%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,161.01
    +243.73 (+1.36%)
     

  • CAC 40

    8,088.24
    +71.59 (+0.89%)
     
PROPERTY:

9 luxury homes to consider if money is no object

Ever thought about what a multimillion pound budget would buy you?

Morrisons quarterly sales beat forecasts, silent on Sainsbury's-Asda

Reuters - UK Focus

LONDON, May 10 (Reuters) - Morrisons, Britain's fourth biggest supermarket operator, beat forecasts for first-quarter underlying sales growth helped by growth in its wholesale business.

The company, based in Bradford, northern England, also said on Thursday that its expectations for the 2018-19 year were unchanged.

Its trading statement made no reference to last week's 7.3 billion pound ($9.90 billion) bid by industry No. 2 Sainsbury (Amsterdam: SJ6.AS - news) 's for No. 3 Walmart's Asda - a deal that would overtake market leader Tesco (Frankfurt: 852647 - news) .

Morrisons said group like-for-like sales, excluding fuel, rose 3.6 percent in the 13 weeks to May 6, its fiscal first quarter.

ADVERTISEMENT

That compared to analysts' average forecast of 2.8 percent and marked a tenth straight quarter of growth, following growth of 2.8 percent in the previous quarter.

($1 = 0.7377 pounds) (Reporting by James Davey; editing by Jason Neely)