Mar 9, 2017
Morrisons leads FTSE 100 lower
The FTSE 100 index was down 42.44 points at 7,292.17 in early trade. Morrisons was the biggest faller on the index, even though it posted a rise in underlying full-year profits for the first time in five years. In the FTSE 250, Domino's Pizza sank 12% after the chain reported a slowdown in sales at the start of the year. Like-for-like sales in the UK rose by 1.5% in the first nine weeks of 2017, compared with 10.5% growth a year earlier. The news overshadowed Domino's Pizza's full-year results, which showed that underlying pre-tax profits had risen by 17% last year to £85.7m. On the currency markets, the pound fell 0.2% against the dollar to $1.2148, and also dropped 0.2% against the euro to 1.1518 euros.
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