Hints and tips:
...The special dividends that investors have received in previous years also remain suspended, though analysts at Jefferies still expect 10p of special payouts later in the year....
...James Grzinic at Jefferies said the company’s ability to increase margins even as sales dipped showed there was “sizeable self-help potential” within the business....
...Out on the town with Amazon and — in the words of Mr Potts — looking to “dance at more than one wedding”....
...James Grzinic at Jefferies said Morrisons’ high proportion of freehold stores meant that as new accounting standards were applied its cash flow generation would become more evident....
...Jefferies analysts had forecast that ABF group revenues would rise 2.6 per cent to £15.8bn and pre-tax profit would increase by roughly the same amount....
...Analysts at Jefferies said the results “suggest we are at a turn,” adding: “the group appears in great shape to deliver from here. There are reasons to look at 2016 with greater confidence”....
...Jefferies said it expected like-for-like sales to improve from a 7 per cent decline a year ago to “close to flat now”....
...“We believe that Mr Potts is a good appointment at the right time,” said Shore analyst Clive Black....
International Edition