All eyes are on Morrisons this week as the supermarket group prepares to release its half-year results on Thursday.
Analysts are finding it hard to predict what Morrisons could report, after the group said earlier this year that profits would be anywhere between £50m and £150m - well below analyst’s initial forecasts of £225m to £275m.
However, all analysts are expecting a first-half loss. One said: “Classic theory would suggest that this is when they get all the bad news out there."
Analysts are finding it hard to predict what Morrisons could report, after the group said earlier this year that profits would be anywhere between £50m and £150m - well below analyst’s initial forecasts of £225m to £275m.
However, all analysts are expecting a first-half loss. One said: “Classic theory would suggest that this is when they get all the bad news out there."
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