European markets slid more than 1% today as investors steered clear of riskier assets ahead of a key EU summit this week.

Morrisons offset disappointment over the imminent departure of its chief executive today by revealing sales “well ahead” of its competitors

Directors at Morrisons are threatening to quit over chairman Ken Morrison’s continued failure to appoint a new chief executive, it was reported today.

Ken Morrison pledged to stay at supermarket group Morrisons for at least another year today in order to see through the troubled integration of Safeway.