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Morrisons braced for FTSE 100 demotion

Discussion in 'Market News' started by Lily, Dec 2, 2015.

  1. Lily

    Lily Forum Member

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    Chain expected to slip out of list of UK’s biggest companies in latest quarterly review after an 11% slump in its share price

    Morrisons is braced for demotion from the FTSE 100 as it continues to suffer from a supermarket price war.

    The Bradford-based chain is expected to slip from the list of the UK’s biggest companies in the latest quarterly review after an 11% slump in its share price over the past month alone, taking it close to a five-year low.

    Related: Every Lidl helps? German discounters rattling UK’s big four supermarkets

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