FTSE closes up 30.5 points

A resurgent Morrisons led the London market forward today after the supermarket chain impressed the City with its half-year results.

FTSE closes up 30.5 points
Thu, 21 Sep, 2006 - 18:26

A resurgent Morrisons led the London market forward today after the supermarket chain impressed the City with its half-year results.

The figures from the Bradford-based group showed it turned first-half pre-tax losses of £82m (€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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CourtsBusinessHeathrowPlace: LondonPlace: BradfordPlace: North YorkshirePlace: NewcastleEvent: New YearOrganisation: FTSEOrganisation: MorrisonsOrganisation: CityOrganisation: SafewayOrganisation: SainsburyOrganisation: TNSOrganisation: AsdaOrganisation: CarnivalOrganisation: VodafoneOrganisation: PrudentialOrganisation: BPOrganisation: BG GroupOrganisation: International PowerOrganisation: Rolls-RoyceOrganisation: AirbusOrganisation: Scottish & Southern EnergyOrganisation: Cable & WirelessOrganisation: LuminarOrganisation: Chicago Rock CafeOrganisation: Pizza ExpressOrganisation: Gondola HoldingsOrganisation: CinvenOrganisation: IcapOrganisation: ReutersOrganisation: DraxOrganisation: Tobacco
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