Food retailers drive UK FTSE lower as Morrison's cuts outlook
date:Mar 14, 2014
British shares fell for a fifth straight session on Thursday, dragged down by supermarket stocks after WM Morrison cut its profit outlook, as well as by escalating tensions between Russia and the West over Ukraine.

Morrison's was the worst performer on the FTSE 100 index, plunging 11 percent, and its revised outlook triggered a sell-off among rival food retailers, with Sainsbury's, Tesco and Marks Spencer all falling by between 3 percent and 4.6 percent.

Morrison's said it would spend 1 billi
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