DJ Wm. Morrison Shares Shrug Off 1H Profit Decline -- Market Talk
1033 GMT - Wm. Morrison Supermarkets' share price didn't suffer the effects of the company posting a sharp fall in profits for the first half. The British grocer is a decent business and all eyes are set on the various bids that have driven its share price to its current record-high levels, CMC Markets analyst Michael Hewson says. "The bigger question is whether the business in question is worth what the two bidders are looking to pay, or whether today's numbers prompt a reassessment on the part of one or other of the interested parties," Hewson adds. Shares are up 0.2% at 293.00 pence, having risen 65% since the start of the year. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
September 09, 2021 06:33 ET (10:33 GMT)
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