Good morning. It is a busy morning for the City’s high street watchers with three of UK’s best-known retailers updating investors this morning. “We are seeing the renaissance of British supermarkets,” declares David Potts, chief executive of the supermarket chain Wm Morrison as he posts better-than-expected interim results. Boosted by a 12.3 per cent rise in like-for-like sales in the second quarter, the supermarket chain reported an impressive 8.7 per cent rise in like-for-like sales over the six months. Alongside the results Morrisons said that it expected full-year profits

Source: The Times September 10, 2020 08:03 UTC