Morrison: shares boosted by Christmas sales.

(CercleFinance.com) - The Morrison Supermarkets share is one of the biggest risers in the FTSE 100 index this lunchtime, after upbeat end-of-year sales.


Management is therefore more optimistic than the consensus regarding the group's 2016/2017 results.

In the nine weeks to 1 January 2017, which includes Christmas purchases, the UK retailer's like-for-like sales (excluding VAT) increased 2.9% (+4.7% with fuel). This is unheard of for seven years, said management.

The performances of primeur wines, other wines and spirits in particular were cited.

CEO David Potts called this performance "very encouraging".

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