City snapshot: 'Strong year' for Morrisons sees progress on sales, profits and debt

Morrisons has announced a 2.8% rise in annual like-for-like sales, a double-digit jump in profits and a large reduction of net debt as its recovery under CEO David Potts continues. Plus, Conviviality shares suspended “pending an announcement”, Greencore drops 30% on yesterday’s profits warning and all the rest of the latest news from the City.