However, the food retailer's shares jumped 2.4 per cent to close at 232.3p after it said its retail sales rose 2.1 per cent, its wholesale revenues were up 0.7 per cent, with Morrisons.com growth exceeding 10 per cent.
Sales to shoppers contributed 2.8 per cent growth to the business, with 0.9 per cent coming from wholesale activities.
Sales were especially strong over the Christmas and New Year period with like for like sales of 3.7% for the same period said the Company in a statement. The retailer said it kept a lid on prices for shoppers despite higher commodity costs.
Tesco (LON:TSCO) proved the best performer of the big four supermarkets in the U.K, with sales up 3.1 percent across the period.
Overall supermarket sales were up 3.8 percent for the 12 weeks to December-end.
Under Mr Potts, who was hired in spring 2015 to revitalise the group, Morrisons has focused on differentiating its range and growing its online and wholesale services.
Laith Khalaf, senior analyst at Hargreaves Lansdown, said: "Food sales are not as vulnerable to a consumer slowdown as clothing, but given the weak trading backdrop, Morrison's Christmas trading figures are worthy of a cursory round of applause".
Morrisons is the seventh most shorted stock in the United Kingdom, yet the positive update did not see the "short squeeze" that can amplify share price gains.
Chief executive David Potts said: "More and more customers found more things they wanted to buy at competitive prices at Morrisons this Christmas".
Morrisons has been trialling supplying all 1,650 McColl's stores with both Safeway products and national brands and the full role out will begin this month at the rate of about 25 stores a week.
Shares in Persimmon meanwhile have been sold off after the blue-chip housebuilder reported in a trading update that it expected that its pre-tax profits for the year ended December 31, 2017, would be "modestly" ahead of market consensus.
It is kind of odd to think that we are two movies into this trilogy and Rey and Poe have only shared one scene together. Romantic relationships aren't a requirement for all films and sometimes it is more beneficial not to have one.
Long before the train at the center of " The Commuter " physically derails, its storyline and plausibility sputter out of control. Neeson portrays Michael MacCauley, a 60-year-old former NY cop who has been selling life insurance in Manhattan.
Obama writes that he wanted to continue the tradition he stared during his presidency of sharing his reading and playlists. Obama took to Facebook Sunday to share a list of his favorite books and music that he's read and listened to in 2017.
TCL , who is Roku's premiere TV partner, will be showcasing its first Roku Connect device at CES next week in Las Vegas . It will enable Roku owners to speak simple commands, such as "play classical music in the kitchen", for example.
This simple numeric scale reads 1 to 5, and it changes brokerage firm Moderate Sell recommendations into an average broker rating. Guggenheim Capital Limited Liability Company owns 0% invested in WSFS Financial Corporation (NASDAQ:WSFS) for 8,584 shares.
The Fund offers four classes of shares: Investor Shares, Admiral Shares, Signal Shares, and Exchange Traded Fund (ETF) Shares. Valeo Financial Advisors LLC bought a new stake in Technology Select Sector SPDR ETF in the 3rd quarter valued at $112,000.
He preferred not to be a public image of the company, so he used to stay away from the majority of interviews related to Apple . Apple Music now has 30 million subscribers and is predicted to only increase thanks to even more exclusive content initiatives.
Franklin posted his own video on Instagram of the aftermath, saying he and his girlfriend had "barely made it out". After months of natural disasters striking Southern California, residents are adding yet another to the list.
The performance marked his 27th career 100-yard receiving game and his seventh career multiple touchdown game. Every time the Colts came out victorious, Hilton had a big game. "We look forward to next year".
Commonwealth Equity Services holds 0% of its portfolio in PIMCO California Municipal Income Fund II (NYSE:PCK) for 38,823 shares. The investment professionals in our partner's database now own: 2.49 million shares, up from 2.40 million shares in 2017Q2.
You Can Now Buy a Mariah Carey 'Tea-Shirt'
The items are priced from $20 to $30 and can be purchased on Carey's website. "Here are some tea-shirts for you". Mariah Carey just spilled the tea on her new line of merchandise .
Hoosiers lose 16th straight game at Wisconsin
IN shot just forty percent from the field in the second-half as Wisconsin came roaring all the way back and then some. Wisconsin is 2-3 ATS with 4 overs and 1 under over their last five games . 14 of those have come in the last 5 games.
Peter Thiel's Founders Fund Goes Big on Bitcoin
Now Thiel and his fund are buying bitcoin outright, as opposed to investing in other companies doing the gambling. Shares of Bitcoin jumped over 13% on Tuesday from $13,412 to $15,216 after the report , according to Coindesk .
Utah Highway Patrol releases New Year's Weekend numbers
The 17-year-old man was removed from life support on Monday after not being able to survive the injuries he sustained. Two people were killed in separate collisions within the Riverside CHP's jurisdiction over the weekend.
Ligue 1 ditches goal-line technology
VAR has especially been pushed by all corners and have begun to be used in various league and competitions. The LFP says it will announce next week "follow-up action to be taken in relation to this dossier".
Tevez Still Hoping For World Cup Roster Spot
He rejoined his boyhood club Boca in June 2015 and helped the team win the league title six months later. Boca chairman Daniel Angelici said no money changed hands in bringing Tevez back to his former club.
Wonder Woman Sequel To Be Totally Different
More often than not, sequels can turn out to be clones of the original film, and it's clear that Jenkins has no interest in that. Jenkins apparently tried to get Carter in the first Wonder Woman movie but was unable to make it work due to scheduling issues.
Browns troll themselves on Twitter after 0-16 season
Chris Boswell , who did not attempt a field goal for the first time since Week 1, made all four of his extra point attempts. That is the one thing I came here for and I have not delivered that to this organization or the football team.