Sales keep Morrisons in FTSE 100

British supermarket Morrisons has been saved at the last minute from being kicked out of London’s blue chip index after its first rise in sales for nearly 18 months sent shares surging.

FTSE Russell confirmed Morrisons will remain in the FTSE 100 Index, narrowly avoiding an embarrassing relegation to the FTSE 250, which would have ended more than 14 years in the top flight.