Morrisons raises profit target as turnaround gathers pace

MORRISONS was in bullish mood this morning after reporting an increase in sales over the Christmas trading period, its strongest performance in seven years.

It now expects its full-year underlying profit before tax to be ahead of the market consensus, in the range £330m-£340m.

David Potts, chief executive, said: "This Christmas we made further improvements to the customer shopping trip. We stocked more of what our customers wanted to buy, more tills were open more often, and product availability improved ... For the full story register now for free or login below...