Morrisons serves up below par fare

As predicted, Morrisons has produced an underwhelming third-quarter update, saying that sales were lower than anticipated, although it did say that its full-year financial performance will be 'broadly in line with our expectations'.

As predicted, Morrisons has produced an underwhelming third-quarter update, saying that sales were lower than anticipated, although it did say that its full-year financial performance will be 'broadly in line with our expectations'.

In the quarter to October 28th, total sales excluding fuel were down by 0.4% (up 0.2% including fuel) and like for like sales were down 2.1% (down 1.3% including fuel).

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