City snapshot: Morrisons recovery continues as 'price crunch' proves hit with shoppers

Morrisons recovery continued in the third quarter as like-for-like sales rose 2.5%, with its ‘price crunch’ proving popular with shoppers. Plus, Carlsberg lifts full-year profit expectations, Kraft Heinz halts declining sales with a rise in the third quarter; and profits jump 26% at Tate & Lyle in the first half.