Morrisons leads rise in FTSE

Shares in resurgent supermarket chain Morrisons surged 7% to their highest level in more than two years today.

Morrisons leads rise in FTSE

Shares in resurgent supermarket chain Morrisons surged 7% to their highest level in more than two years today.

Results from the Bradford-based group showed it turned first-half pre-tax losses of £82.1m (€122.28m) into profits of £134.2m (€200m) this year, as it overcame problems associated with the takeover of larger rival Safeway in 2004.

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