Is Morrisons running out of steam?

Morrisons' latest results beat City expectations. And while there's certainly a lot to like about the supermarket chain, Phil Oakley foresees problems ahead. So should you buy Morrisons shares now?

Supermarket chain Morrisons (LSE: MRW) just managed to beat City hopes with its full-year results.

That looks like good news for shareholders. But in fact, it's not really important; what matters is growth. Can Morrisons keep growing its profits in a cutthroat supermarket sector against the backdrop of a weak UK economy?

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Phil spent 13 years as an investment analyst for both stockbroking and fund management companies.

 

After graduating with a MSc in International Banking, Economics & Finance from Liverpool Business School in 1996, Phil went to work for BWD Rensburg, a Liverpool based investment manager. In 2001, he joined ABN AMRO as a transport analyst. After a brief spell as a food retail analyst, he spent five years with ABN's very successful UK Smaller Companies team where he covered engineering, transport and support services stocks.

 

In 2007, Phil joined Halbis Capital Management as a European equities analyst. He began writing for MoneyWeek in 2010.