date:Jan 08, 2013
1M.
Black and Shirley predicted no quick fixes for Morrisons as difficult trading conditions continued. Quite how management 'steadies' the good retail ship Morrisons remains to be seen, they added.
Strong asset base
But it was important to recognise Morrisons remained a highly profitable business, with a strong asset base, said Shore Capital.The business is not broken at all but its engine requires a bit more than fine tuning to put it back on the straight and narrow.
Urgently needed was a