Shares in focus: Should you back Morrisons?

It’s a supermarket laggard, but could lame duck Morrisons reward patient investors? Phil Oakley investigates.

It's a supermarket laggard, but Morrisons may reward patient investors, says Phil Oakley.

The Morrisons of today started out as an eggs and butter stall in a Bradford market in 1899. From those humble beginnings it went on to become one of the most effective food retailers in Britain.

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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.