City snapshot: Morrisons turnaround gathers pace with seventh quarter of growth

Morrisons continued to make progress with a turnaround as it reported the seventh successive quarter of like-for-like growth. Plus, profits plunge at Waitrose as margins are squeezed by the weak pound; Booker reports another quarter of growth; and Real Good Food to appoint external advisors to conduct a full review of the company’s corporate governance and financial reporting procedures.