date:Mar 14, 2014
theyre really prepared to try and invest to fix the problems, said Andrew Gwynn, an analyst at Exane BNP Paribas in London. The negative is that it means profit is loosely half what the market was expecting and theres no obvious message on how they recover from that.
Morrison shares dropped as much as 11%, the biggest intraday declined since October, 2008, and traded 10% lower at 209.20 pence a share as of 8:08 a.m. in London. Rivals J Sainsbury Plc dropped as much as 7.9% and Tesco Plc plunge