Byline: Simon NevilleMORRISONS took a sledgehammer to its supermarkets today as it announced huge writedowns, made a second profit warning in two months and promised a price war in a last-ditch effort to win back customers from rivals.However, chief executive Dalton Philips refused to admit ...
This increase in price without an increase in profits has driven Morrisons down mystock screento where it is now one of the least attractive and lowest-ranked holdings in themodel portfolio. And that’s why I sold the shares earlier today. Sadly, Morrisons did not provide me with any direct...
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